Viewpoint closes Viewpoint Fund I
NYC-based venture capital firm Viewpoint Ventures announced its debut with the close of its Viewpoint Fund I and the launch of its Viewpoint Forward Network.
The Viewpoint Forward Network, managed by a team with insurance leadership and operations experience, is designed to be a centralized hub to share innovations, illuminate market conditions and sentiment, and cultivate business partnerships. At launch, it has attracted members from 70 “leading” insurance carriers, distribution organizations, and service providers.
The $147 million venture capital fund will look to invest in companies that solve “very specific” challenges in insurance and related industries.
“The insurance industry has innovated and adopted technology at a dizzying pace over the last decade. And yet, industry players struggle through the noise to identify those very few impactful innovations, strategies, and startups that can meaningfully drive the future of their businesses. That’s where the Viewpoint Forward Network comes in. We designed it to be an impartial industry resource that intelligently connects the right players and highlights the vital trends and decisions facing firms. I am pleased that our investing strategy and proprietary network resonated well with our investors. It allowed us to raise a first fund in a challenging environment for venture capital” – Drew Aldrich, Viewpoint’s founder and managing partner.
“Trajectory-changing opportunities are often hard to find in the clutter of daily business decisions. By delivering synthesized data, research- backed insights, and introductions to the right startup founders, we allow our network’s partners to focus on the handful of powerful partnerships, acquisitions, or prioritization decisions that can shape their future.” – Viewpoint partner Ori Ben-Yishai.
“Our strategy requires us to have a clear point of view and conviction as to which companies can build enduring, valuable franchises. The Viewpoint Forward Network gives us up-to-the-minute intelligence from some of the best-performing organizations in the industry, which is critical to our thesis-driven approach. We believe it also adds tremendous value to our portfolio companies.” – Viewpoint partner Ryan Frisbie.