Markd launches $100 million VC fund

Markd , a new insurtech VC firm, announced today the close of its $100 million debut fund that will be used to fund early- and growth-stage insurance startups. Anchor investors in Fund 1 include Markd founder and managing partner Parker Beauchamp and an undisclosed industry partner.

As CEO of INGUARD , Parker has spent over twenty years distributing insurance digitally. He has a deep understanding and connection with the legacy insurance environment and a pulse on future technologies and distribution challenges. Markd will build on this expertise, network, and experience to identify investments with the potential to transform and continually meet the needs of today’s consumers.

According to a press release, investment spending in the insurtech area surpassed $10.5 billion last year. However, as many as 95% of insurtechs did not see an increase in funding, and this is where Markd comes in, as it looks to “identify and support transformative insurance ideas of high-potential startups not getting the attention and funding they deserve.”

“With ideas around inline to the metaverse, blockchain, and between, there are some remarkable founders primed to evolve the industry perpetually. We’re committed to seeking investment partners who not only provide capital but possess industry expertise to create, reinvent and innovate conventional insurance models,” says Beauchamp.

“During the fintech innovation boom, traditional banking joined forces with apps, cryptocurrency, and more, which improved the industry for everyone involved,” added Beauchamp. “Momentum toward it being insurance industry’s turn continues to accelerate, and we’re eager to utilize our experience, connections, and resources to help founders create wins for themselves and their customers.”

Bottom Line: They love insurance.