IA Capital Group Raises $150M for Insurtech VC

IA Capital Group has announced it has raised $150m across three funds:

  • Inter-Atlantic Stonybrook Insurtech Ventures, a multi-LP fund, focusing on property/casualty insurtech
  • Inter-Atlantic G Fund, a single-LP fund, focusing on life/annuity/retirement insurtech
  • Inter-Atlantic Ivy, a single-LP fund, focusing on later-stage opportunities in insurtech and fintech

The three funds represent the firm’s sixth, seventh and eighth investment vehicles. With seven current funds/managed accounts plus its fully-exited first fund, IA Capital is the longest-tenured and most experienced firm with a primary focus on insurtech. The firm oversees venture capital investments on behalf of a variety of institutions including 13 insurers that have a strategic interest in insurtech. These 13 insurance companies represent nearly all sectors of insurance including property/casualty, life, mortgage, and financial guaranty.

“Our insurance company investors benefit from our cornerstone focus on financial returns coupled with strategic insight into insurtech. Our entrepreneurs appreciate working with a financially-motivated independent VC firm while capitalizing on strategic connections into our insurance company partners.” – Andrew Lerner, the Managing Partner of IA Capital.

IA Capital limits its investment activities to North American post-revenue companies, with a preference for Series A, B, and C funding rounds. Occasionally, the firm launches and incubates its own startup company.

Recent IA Capital investments include:

  • Led Authentic4D Series A
  • Co-led Protecht dba TicketGuardian Series A
  • Led Compstak Series B Clearcover Series B
  • Incubated Boost Insurance
  • Led SmartAsset Series B
  • Led Sure Series A Advizr Series A
  • Led Wellthie Series A Co-led Snapsheet Series C
  • Led Marqeta Series C
  • Led Credit Sesame Series D

Stonybrook Capital acted as placement agent to Inter-Atlantic Stonybrook Insurtech Ventures.