Loading organizations...
§ Venture Capital · New York City, NY, USA
Seed-stage venture capital fund investing in early-stage InsurTech companies and adjacent sectors across the U.S. and Canada.
Key people at InsurTech Fund.
InsurTech Fund is a New York-based seed-stage venture capital fund that invests in early-stage insurance technology companies and adjacent sectors across the U.S. and Canada. The fund supports companies from seed through Series A, currently holding a portfolio of five companies focused on digital insurance distribution and specialty insurance. It operates as a partnership between PLG Venture Capital and InsurTech NY, the latter having graduated 80 companies from its growth-stage accelerator and nine from its Digital MGA Lab. Co-founders David Gritz and Erick Pereda lead the fund, with Gritz also recognized for co-founding the behavioral safety InsurTech Zero. The fund was launched as a partnership between PLG Venture Capital and InsurTech NY, co-founded by David Gritz and Erick Pereda.
InsurTech Fund is a venture capital firm focused on investing in early-stage InsurTech startups primarily in the USA, Canada, UK, and Israel. It operates as part of InsurTech NY, the largest InsurTech community in the United States, leveraging deep insurance industry expertise and networks to support seed-stage companies developing SaaS solutions, digital insurance distribution, and digital Managing General Agents (MGAs). The fund aims to accelerate innovation in insurance by providing capital, industry connections, and operational support to startups transforming insurance through technology[1][2][3][4].
Founded as an extension of InsurTech NY, the InsurTech Fund was created to capitalize on the growing momentum in insurance technology by investing in promising early-stage ventures. Key partners include David Gritz (GP/MD) and Sokhiba Mukhitdinova (Principal), both specialists in InsurTech and FinTech investments. The fund’s focus has evolved to emphasize seed-stage investments in companies that integrate technology with insurance products and services, supporting a diverse founder base including minorities and women[1][3].
InsurTech Fund rides the wave of digital transformation in the insurance industry, where traditional insurance models are being disrupted by SaaS platforms, AI-driven underwriting, embedded insurance, and digital distribution channels. The timing is critical as insurers seek to modernize legacy systems and meet evolving customer expectations for seamless, tech-enabled insurance experiences. The fund’s investments help accelerate innovation, improve risk assessment, and create new insurance products, thereby influencing the broader ecosystem by fostering startups that challenge and enhance the insurance value chain[1][3][4].
Looking ahead, InsurTech Fund is poised to deepen its impact by continuing to back startups that leverage AI, automation, and data analytics to solve complex insurance problems. Trends such as embedded insurance, climate risk modeling, and digital MGAs will likely shape its portfolio focus. As the insurance industry increasingly embraces technology, the fund’s role as a specialized early-stage investor and community hub will grow, potentially expanding its geographic reach and deal size while maintaining its mission-driven approach to support diverse founders and innovative solutions[1][3][4].
Key people at InsurTech Fund.
InsurTech Fund has 1 tracked investment across 1 company. The latest tracked deal is $1.1M Pre-Seed in Kayna in September 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 20, 2023 | Kayna | $1.1M Pre-Seed | Maurice Roche, MiddleGame Ventures | Aperture Venture Capital |
