Assurant Ventures invests in Automotive Ventures’ Mobility Fund II

Assurant Ventures, the venture capital arm of Assurant, announced an investment in Automotive Ventures’ Mobility Fund II. The fund focuses on identifying and supporting innovative early-stage startups across the mobility ecosystem and will enable Assurant Global Automotive to better support automotive dealer clients.

The Automotive Ventures Mobility Fund II is the firm’s third fund. Automotive Ventures has made 39 investments out of three funds and has $35 million under management and typically invests $250,000 into seed-stage mobility startups around the world.

“Automotive Ventures provides unique access to a curated pipeline of promising early-stage mobility companies that we may not otherwise discover. This investment brings strategic value to our business and presents a powerful opportunity to co-invest in tools and technologies that support our automotive dealer partners in the evolving mobility space.” – said AJ Fang, partner at Assurant Ventures.

“We’re thrilled to have a chance to work with Assurant Ventures in the new fund. We look forward to sharing deal flow, working collaboratively with their team, and co-investing in early-stage startups across the mobility spectrum.” – Steve Greenfield, general partner of Automotive Ventures.

“As the pace of innovation in mobility accelerates, Assurant remains an active partner in bringing new technology to our dealer customers. We look forward to working with Automotive Ventures to identify and evaluate next-gen solutions. Combined with our more than 60 years of retail support and dealership performance management, these efforts will help drive outstanding service and performance for our clients.” – Jeff Strickland, EVP and President, Assurant Global Automotive.