Fintech VC Anthemis secures €81.6M funding to focus on digital-savvy insurtech startups

London-based fintech Anthemis is well-known as an investment firm focused on early-stage companies. Founded in 2010 by Sean Park and Amy Nauiokas, Anthemis has backed startups such as robo-advisor Betterment and digital banks Simple and Atom. The company has offices in Geneva and New York as well.

Since its debut, Anthemis has been solving the most complex innovation problems in the insurance industry. The company operates with three guiding principles such as authentic collaboration, diversity and inclusivity, and virtuous cycle outcomes.

Raises €81.6M funding

In a recent development, Anthemis has secured $90 million (nearly €81.6 million) fund that to invest in fast-growing insurtech startups. The investors include Anthemis Insurance Venture Growth Fund I include Aflac Global Ventures, Sumitomo Life and Nürnberger in partnership with Daido Life Insurance Company.

With the fund, the company will focus on backing companies that help digitise the insurance industry and have established track record. It will focus on investing in later-stage insurtech companies as it spotted a gap in the market for this type of funding. And, this is where the company has identified the biggest opportunity, claims Anthemis founder and chief investment officer Sean Park.

Focused at young startups

The new fund raised by Anthemis comes as an increasing number of young digital-savvy companies develop products and services that are aimed at making the insurtech industry more efficient. These new products and services range from systems that accelerate claims processing to devices that help collect data that can be used to bring about better price policies.

Hires new managing director

Besides the funding round, Anthemis has hired former Lyft executive Kate Sampson as its managing director. He helped grow Lyft’s in-house insurance operation, which includes claims, operations, actuaries, and a tech team. Prior to Lyft, Sampson has worked at Marsh & McLennan.

Main image picture credits: Anthemis

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