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Twelve Capital and Eos launch insurtech growth fund

With an ‘exclusive’ focus on insurtech and adjacent opportunities, the groups said the fund will capitalise on Twelve Capital’s insurance network and Eos’ insurtech expertise

Eos Venture Partners (Eos), an insurtech capital venture fund manager and Twelve Capital (Twelve), an investment manager specialising in the insurance industry have partnered to provide growth funding for insurtech companies. 

Twelve and Eos aim to invest into the insurtech sector and accelerate the digital disruption of the insurance industry by using the specialised fund.

It comes as a study published in August 2021 by Valuates Reports found that the sector is expected to grow at 34.4% annually and reach $119.4bn (£91bn) by 2027.

With an “exclusive” focus on insurtech and adjacent opportunities, the groups said the fund will capitalise on Twelve Capital’s insurance network and Eos’ insurtech expertise. 

The focus will reportedly be on later stage growth capital for fast growing companies where Eos has a strong relationship through its early stage investments or that are otherwise known to Eos.

Urs Ramseier, executive chairman and chief investment officer of Twelve said: “We are delighted to form this partnership with Eos. We share a deep experience with insurance investments and will together support the growth and implementation of new technologies into this sector.

“The key differentiator of our strategy is that targeted companies are primarily part of a predefined pool of InsurTech companies that our partner Eos knows extraordinary well.”

Carl G. Bauer-Schlichtegroll, founding partner at Eos added: “As technology transforms our lives, consumers and businesses increasingly expect insurance to be delivered when and how they want. InsurTech companies address this growing demand and we expect many to become the leading players of tomorrow across geographies and sectors, creating enormous value to customers, insurers and investors.

“A key priority for Eos is to make a positive impact on the lives of 500 million people over the coming decade by closing the protection gap while integrating environmental, social, and governance (ESG) factors into investment decisions. With our existing portfolio companies we already positively contribute to the protection gap reduction in areas such as the GIG economy, cyber, mobility, sports and health.”

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