American Family Ventures announces AFV Fund IV
American Family Ventures (AFV) introduced a new $444 million fund called AFV Fund IV that’s backed by 21 partners.
“Insurtech is going through its latest inflection point, and at American Family Ventures, we believe this is a time to be bold. Opportunities and returns will be unevenly distributed in favor of those who move. To us, Fund IV is a tool for moving LPs and startups forward into the next phase of the industry’s transformation.” – Dan Reed, managing director.
Originally established in 2013 as the venture capital arm of American Family Insurance, AFV evolved into an insurance industry-representative LP syndicate in 2019.