Venture capital investor Anthemis is doubling down on its efforts to help entrepreneurs revolutionise the financial industry with its new InsurTech-focused fund.
“This is a huge milestone for Anthemis as we approach the close of our first decade as a business,” said Sean Park, founder and chief investment officer, at Anthemis. “Insurance and risk management will propel much of the true transformation we see in financial services. With the maturation of our portfolio companies and the industry more broadly, it is a natural evolution for us to be active participants in the venture growth space. I’m very proud of the team that we have assembled and look forward to our next chapter.”
The investor has raised $90m for the Anthemis Insurance Venture Growth Fund I (AIVGF I) with backing from VC-backer Aflac Global Ventures, Japanese insurer Sumitomo Life and German insurance company Nürnberger Versicherung in partnership with Daido Life Insurance Company.
“We are pleased to start this partnership with Anthemis by investing in Anthemis Insurance Venture Growth Fund I,” said Nadeem Khan, president of Aflac Global Ventures.“Anthemis has developed a strong investment track record, at the intersection of innovation and insurance. As we look ahead to the next wave of transformation, we are confident that Anthemis will continue to be at the forefront of the industry.”
Anthemis also announced that insurance veteran Kate Sampson has been appointed as the company’s new managing director. She has previously clocked up time at Lyft and in various leadership roles at Marsh & McLennan.
“Having worked with high-growth startups and incumbents, I have seen first-hand how an organization like Anthemis can bring an incredible amount of value and shape the future of insurance,” said Sampson. “The firm’s commitment to authentic collaboration and investing in diverse talent is an important part of what makes Anthemis special, and certainly makes this the perfect next step for me. I’m excited for what is ahead.”
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