Early-stage venture capital firm, Distributed Ventures, has just made a big splash with the conclusion of its initial fund under the company’s name. This firm, with its focus on InsurTech, FinTech, and HealthTech ventures, is making waves in the sector with its innovative approach to early-stage investments.
With the largest fund in the company’s history, Distributed Ventures has successfully raised $100m in total commitments. This impressive feat was achieved with the backing of a diverse cohort of investors, featuring strategic limited partners, which included insurance carriers, brokerages, current and past insurance executives, and private family offices.
The purpose of Distributed Ventures is clear and compelling: to identify, invest in, and swiftly scale up the most promising start-ups in the InsurTech, FinTech, and digital health sectors. These startups, the firm believes, have the power to positively impact risk in each respective industry. The venture firm provides late Seed and Series A companies with vital capital, leveraging their strategic LP base and the team’s expertise to ignite growth.
The company was conceived as an offshoot of NFP Ventures, sharing the aim of aiding entrepreneurs in showcasing product-market fit and fast-tracking their commercial traction through a variety of distribution channels. The investments of Distributed Ventures are strategically aligned with the expertise, market insights, and distribution power of their strategic partners.
Distributed Ventures’ managing partner, Shawn Ellis, said, “I am incredibly pleased with our fundraising outcome. This milestone serves as testament to the value we create for our founders and ultimately the return we generate for limited partners. This capital will allow us to partner with another set of additional founders and continue to expand our team.”
With the completion of this fund and their increasing assets under management (AUM), Distributed Ventures continues to broaden its leadership team and influence. In May, the company welcomed tech community-building veteran, Mandy Yoh, as their chief of staff.
Partner at Distributed Ventures, Adam Blumencranz, said, “The Distributed Ventures team DNA is a special blend of investing, operating and strategic expertise. Mandy brings over a decade of experience building and scaling integrated marketing / community functions to create affinity within targeted ecosystems. We feel incredibly fortunate that she has chosen to join our team.”
Mandy Yoh, chief of staff at Distributed Ventures, said, “What attracted me to Distributed Ventures was the position of the fund and what opportunities are ahead based on the foundation that’s been built by their incredibly dedicated team.”
Distributed Ventures has led six successful acquisitions and one IPO within their portfolio.
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