Transverse Insurance Group, the P&C program carrier launched in 2018, has announced the final closing of its new venture capital fund.
Transverse Ventures Fund I is supported by the capabilities of multiple partners including insurance carriers and executives.
The fund is mainly focused on making early-stage investments in insurance and adjacent technologies impacting the insurance industry.
“We built Transverse to be the ideal partner for sophisticated MGAs as well as other leading origination, underwriting, and technology platforms,” said Transverse Ventures Co-Managing Partner, Dave Paulsson.
“We are excited to leverage the capabilities of a modern program carrier as well as the insurance expertise represented by our team.”
Co-Managing Partner, Erik Matson, also commented: “as a venture capital fund backed by a program carrier, we have a rare ability to drive value creation in portfolio companies spanning the time from initial investment through significant evolutionary growth.”
