Strategic venture capital fund eyes $100 million for insurtech
Sector seen as "a compelling space in which to invest"
Strategic venture capital fund eyes $100 million for insurtech
DIGITAL TRANSFORMATION
By Terry Gangcuangco
13 Apr 2018

Strategic venture capital fund Eos Venture Partners is on a mission – raise a $100 million debut fund for insurance technology.

“Insurtech is one of the fastest growing investment sectors globally and is a compelling space in which to invest,” noted Eos general partner Sam Evans. “There are tremendous opportunities to drive innovation, and Eos is positioned at the heart of this new and exciting sector.

“The global insurance industry is facing an unprecedented period of change, that will see a trillion-dollar value shift between winners and losers.”

Founded in 2016, Eos has already made eight insurtech investments including Neos and Digital Fineprint. The former, a connected home insurance proposition, raised $7 million from Aviva and Munich Re; the latter, which uses social media to enhance the insurance process, $2.7 million from PenTech Ventures.

Called “EVP I,” the fund is described as being among the first global, independent insurtech investment funds targeting early and growth stage investments. Eos said a lead investor is already in place.

 

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