Clocktower Ventures

Clocktower Ventures is a venture capital investment firm founded in 2015 and based in Santa Monica, California. The firm specializes in early-stage investments, focusing on fintech companies across various sectors, including lending, payments, insurance, asset management, personal finance, and capital markets. Clocktower Ventures partners with entrepreneurs who possess the vision and drive to transform financial services, supporting businesses from their inception through to scaling for growth. In addition to fintech, the firm has recently expanded its investment strategy to include seed-stage climate startups and managers. Clocktower Ventures operates through a curated network of global macroeconomic thinkers and investors, enabling it to leverage insights for successful investments worldwide.

Natalie Charney

Principal

Ned Daoro

Managing Director

Steven Drobny

Partner

David Lofthouse

Venture Partner

Ally McCloskey

Principal

Shaneez Mohinani

Principal

Kanishka Narayan

Principal

Adriana Saman

Managing Director

Benjamin Savage

Partner

Ben Savage

Partner

Charlotte Stephens

Associate

Danielle Zhang

Senior Associate

Past deals in InsurTech

Caju

Series B in 2022
At Caju we are creating a benefits platform for the teams of the future. Starting with benefits used every day by most employees, we want teams to use products and services they like and that are fair to merchants and partners. We'll launch soon!

Naya Homes

Seed Round in 2022
Proptech, real estate, vacation and short-term rentals, consumer finance

Openly

Series C in 2022
Openly Inc. is a technology-enabled insurance provider that specializes in homeowners insurance, catering to customers through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, with an additional office in Chicago, the company leverages technology and industry expertise to deliver comprehensive insurance coverage. Openly's offerings include protection for the structure of the building, walls, roof, and attached fixtures. The company focuses on providing a simplified quoting process, aiming to enhance the overall insurance experience for its customers.

Carmoola

Seed Round in 2022
Carmoola is transforming the way consumers experience car finance, enabling more people to get access to safe, fair, personal transport.

Gaia

Series A in 2022
Gaia is a provider of medical insurance services focused on in vitro fertilization (IVF). The company aims to make IVF treatments more accessible and affordable by combining reproductive health data with financial technology. Gaia offers personalized success predictions and tailored insurance plans that address the outcome risks associated with IVF. By integrating these aspects, Gaia enables individuals to access treatments while protecting them from unexpected costs, thereby enhancing the overall affordability and personalization of reproductive health services.

Sagewell Financial

Seed Round in 2022
Sagewell Financial is a team of technology, insurance, financial services, and operations professionals passionate about changing the financial landscape for older people in this country.

Nexu

Series A in 2022
Nexu is a financing platform used by car dealerships to offer financing to more car buyers in a 100% digital and real-time experience. Nexu's platform uses AI, statistical algorithms and technology automation.

Z1

Series A in 2021
Developer of a financial application designed to offer digital banking services for teenagers and young adults. The company's application offers financial education, gamification, and digital banking cards, enabling users to manage and spend their money responsibly and without hidden fees.

Insurate

Seed Round in 2021
Insurate is an insurance technology provider, wholesaler, and managing general agency focused on developing innovative occupational insurance products for the industrial workforce in the United States. By utilizing data science and predictive analytics, Insurate identifies businesses that demonstrate a safety record above the industry average. This enables the company to offer these businesses access to fair and transparent workers' compensation insurance rates, allowing them to achieve significant savings on their policies. Through its technology-driven approach, Insurate aims to enhance the fairness and transparency of the workers' compensation insurance market.

Morada Uno

Seed Round in 2021
Morada Uno underwrites and insures house rentals by equipping real estate professionals with tools and technology. The company aims to simplify and create trust and security in real estate transactions, promoting fairness in every interaction, and promoting a positive change in the mentality and way of doing things in Mexico.

DigiSure

Seed Round in 2021
DigiSure is a cloud-native insurance management system that provides end-to-end protection solutions for mobility and shared economy companies. Founded in 2018 by industry veterans, the company aims to empower businesses by giving them greater control over their insurance processes within the $1.6 trillion property and casualty insurance market. DigiSure's platform offers screening, insurance management, and claims services tailored for mobility and short-term rental operators, enabling partners to access and leverage user data effectively. By utilizing connected data and automation, DigiSure seeks to transform risk management into a more transparent and responsive process. Based in San Francisco, the company operates globally, focusing on creating a safer, more secure, and environmentally friendly future for the mobility sector.

Carmoola

Seed Round in 2021
Carmoola is transforming the way consumers experience car finance, enabling more people to get access to safe, fair, personal transport.

Caju

Series A in 2021
At Caju we are creating a benefits platform for the teams of the future. Starting with benefits used every day by most employees, we want teams to use products and services they like and that are fair to merchants and partners. We'll launch soon!

Guros

Seed Round in 2021
Guros is a digital insurance marketplace based in Mexico that aims to transform the insurance experience for consumers and financial technology platforms. Founded in 2013, the company allows users to compare and purchase vehicle insurance policies online, addressing the significant gap in auto insurance coverage in Mexico, where a large percentage of drivers remain uninsured despite legal requirements. Guros seeks to democratize access to insurance in Latin America by providing a simpler and more efficient way for both end-customers and neobanks to integrate insurance offerings into their services. The company has plans to expand its platform to include a wider range of insurance products and to enter other Latin American markets in the future.

Z1

Seed Round in 2021
Z1 was created to scan and automate the way decision-making for innovation investments is made. The company has a method to qualify new businesses, in a totally digital way. Inspired and based on acceleration programs that already exist throughout the world and that have already proven their success. During this process the entrepreneur can perform tasks and absorb content that will help him to develop a successful business, saving time and reducing the chance of failures.

Wagmo

Series A in 2021
Wagmo, Inc. is a Boston-based company that provides monthly wellness insurance plans specifically designed for pets. Founded in 2017, the company offers reimbursement for routine care services, including vaccinations, grooming appointments, and preventive medications. By leveraging veterinary data, Wagmo enables pet owners to anticipate and manage the costs of care in their area, optimizing the health and well-being of their pets. The service is aimed at making regular pet care more accessible and affordable through its comprehensive wellness plans.

Bequest

Seed Round in 2021
Developer of a life-administration platform intended to help clients with wills and life insurance. The company's platform provides a single dashboard to manage plans, including pay-as-you-go life insurance plans, and also automates savings and connects with advisors, providing users with insurance solutions to protect themselves and their families.

Daylight

Seed Round in 2021
Developer of a digital banking platform designed to serve LGBTQ+ people. The company's platform offers prepaid cards, tools, advice, and cashback for spending at queer bars and allied businesses, enabling users to expand their financial skills and plan for their future while helping the LGBTQ+ community.

Z1

Seed Round in 2021
Developer of a financial application designed to offer digital banking services for teenagers and young adults. The company's application offers financial education, gamification, and digital banking cards, enabling users to manage and spend their money responsibly and without hidden fees.

MANTL

Series B in 2021
Mantl is the first customer-centric outer core ecosystem that gives banks and credit unions the flexibility to innovate using modern technology, while owning their brand throughout the entire customer lifecycle.

Finch

Seed Round in 2020
Finch is a developer of an application programming interface (API) that facilitates access to payroll and human resources systems. Founded in 2020 and based in Mountain View, California, the company's software allows administrators to connect their organizations to various applications in a compliant and secure manner. Finch's API integrates across multiple providers, enabling developers to access previously closed systems and serve as the source of truth for employee data and financial transactions. The platform supports a range of use cases, including lending, insurance, benefits, financial planning and analysis, and HR applications. Additionally, Finch's technology streamlines processes such as income verification, direct deposit transitions, and background checks for prospective employees.

Railsr

Private Equity Round in 2020
Railsbank Technology Ltd is a London-based company that offers an open banking API and banking-as-a-service platform, enabling both regulated and unregulated businesses to access global banking solutions. Founded in 2016, the platform connects a network of partner banks with companies, allowing them to leverage wholesale banking services through a simplified integration process. Users can create bank accounts, manage transactions, issue cards, and handle various financial operations using a comprehensive set of APIs. Railsbank's services are designed to assist fintech companies and other businesses in developing, launching, and scaling financial products efficiently. With additional offices in Singapore, Lithuania, Luxembourg, Vietnam, and Sri Lanka, Railsbank is positioned to support a diverse range of clients in navigating the complexities of modern banking and compliance.

Matic Insurance

Series B in 2020
Matic Insurance Services, Inc. is a digital insurance agency that provides tailored insurance solutions for consumers, originators, and insurance servicers. Established in 2014 and headquartered in Columbus, Ohio, with additional offices in Los Angeles, San Francisco, and Lviv, Ukraine, the company partners with various insurance carriers to offer a range of policies. This independent approach enables Matic to deliver optimal recommendations, ensuring clients receive both competitive pricing and suitable coverage options.

Breathe Life

Series A in 2020
Breathe Life Inc. designs and develops a software platform for insurance companies and assists them in conducting business online. The company's platform uses tools and analytics for the digital distribution of life insurance policies and eliminates the requirement of brokers. It also features a single-session quote creation and application process which enables consumers to purchase products on their own. It caters to life and health insurers, distribution organizations, and advisors. The company was incorporated in 2017 and is based in Montreal, Canada.

MANTL

Series A in 2020
Mantl is the first customer-centric outer core ecosystem that gives banks and credit unions the flexibility to innovate using modern technology, while owning their brand throughout the entire customer lifecycle.

Gaia

Seed Round in 2020
Gaia is a provider of medical insurance services focused on in vitro fertilization (IVF). The company aims to make IVF treatments more accessible and affordable by combining reproductive health data with financial technology. Gaia offers personalized success predictions and tailored insurance plans that address the outcome risks associated with IVF. By integrating these aspects, Gaia enables individuals to access treatments while protecting them from unexpected costs, thereby enhancing the overall affordability and personalization of reproductive health services.

Wagmo

Seed Round in 2019
Wagmo, Inc. is a Boston-based company that provides monthly wellness insurance plans specifically designed for pets. Founded in 2017, the company offers reimbursement for routine care services, including vaccinations, grooming appointments, and preventive medications. By leveraging veterinary data, Wagmo enables pet owners to anticipate and manage the costs of care in their area, optimizing the health and well-being of their pets. The service is aimed at making regular pet care more accessible and affordable through its comprehensive wellness plans.

Starship

Series A in 2019
Starship is mobile health savings account (HSA) with automated investing and health tracking tools in a beautiful mobile app built for humans. It is building a health care savings account platform that combines a mobile-first signup process, overflow investing into index funds, easy reimbursements, and a chat service for expert advice. Starship was founded in 2016 and is based in New York City.

Mercury

Series A in 2019
Mercury Technologies in a information technology based company.

Railsr

Series A in 2019
Railsbank Technology Ltd is a London-based company that offers an open banking API and banking-as-a-service platform, enabling both regulated and unregulated businesses to access global banking solutions. Founded in 2016, the platform connects a network of partner banks with companies, allowing them to leverage wholesale banking services through a simplified integration process. Users can create bank accounts, manage transactions, issue cards, and handle various financial operations using a comprehensive set of APIs. Railsbank's services are designed to assist fintech companies and other businesses in developing, launching, and scaling financial products efficiently. With additional offices in Singapore, Lithuania, Luxembourg, Vietnam, and Sri Lanka, Railsbank is positioned to support a diverse range of clients in navigating the complexities of modern banking and compliance.

Energetic Capital

Seed Round in 2019
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. The company specializes in providing solar insurance solutions aimed at mitigating credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. Its flagship product, EneRate, offers coverage for third-party solar developers and asset owners, protecting them against payment default risks and revenue losses when off-takers fail to meet their Power Purchase Agreement (PPA) obligations. Additionally, Energetic Insurance has developed a systematic approach to address off-taker payment defaults, thereby facilitating solar financing for organizations that are unrated or classified as below investment grade. This innovative, data-driven methodology aims to enhance risk management within the renewable energy sector, promoting increased project deployment and capital investment in solar initiatives.

Insurami

Seed Round in 2018
Insurami Holdings Limited, operating under the name Insurami, is a London-based company founded in 2018 that specializes in providing insurance solutions for landlords. The company offers a platform designed to replace traditional security deposits with deposit-free renting options, thereby allowing landlords to maintain the same level of protection as conventional deposit methods without the need to hold tenant funds. This innovative approach enables landlords in the commercial real estate sector to attract a broader client base by simplifying the renting process and enhancing financial flexibility for tenants.

Kindur

Series A in 2018
Kindur Services Inc., operating as Kindur, is a financial technology company based in New York that focuses on assisting baby boomers in their retirement transition. Established in 2016, Kindur offers a platform designed to enhance financial wellness for retirees and their families. The platform manages various aspects of retirement finances, including savings, pensions, and social security, tailored to different phases of retirement. Kindur provides straightforward digital advice to help users understand their financial situation, covering savings, insurance, social security, and healthcare costs. By offering tools such as a personalized retirement paycheck, Kindur aims to empower individuals to navigate retirement with confidence and prepare for unforeseen expenses.

Upfort

Seed Round in 2018
Upfort is a cyber security company that specializes in providing cyber protection as a service for small businesses. Founded in 2017 and based in San Francisco, California, the company aims to safeguard businesses from cyber attacks through tailored security solutions. Upfort's services are designed to address the unique challenges faced by small enterprises, ensuring they have access to effective protection against evolving cyber threats.

TowerIQ

Seed Round in 2018
TowerIQ, Inc. specializes in developing an enterprise software platform tailored for the insurance industry. Founded in 2017 and based in Boston, Massachusetts, the company offers a broker-first platform designed to enhance transparency in insurance markets. Its solution simplifies and automates workflows, connects data and systems, and improves data quality and validation. By facilitating robust communication and providing valuable data insights, TowerIQ enables brokers, managing general agents (MGAs), and carriers to streamline the end-to-end insurance experience. This low-touch technology platform allows brokers and agents to focus on addressing clients' business challenges, ultimately enhancing client retention and satisfaction while enabling firms to win more business.

Imperative Execution

Seed Round in 2018
Developer of an online financial trading platform designed to offer stock trading services with the help of machine learning. The company's platform uses a dark pool that helps in buying and selling orders in a secured manner, as well as modulates the speed of its trading based on real-time measurement of its own performance, enabling clients to keep the transaction protected from traders hunting down bids and offers.

Trim

Series A in 2018
Trim is a personal finance assistant that aims to enhance the financial health of Americans through its automated services. The application analyzes users' spending habits, negotiates bills for services such as cable and internet, cancels unwanted subscriptions, and provides spending insights and recommendations. By leveraging these features, Trim has successfully saved its users over $60 million. The company is supported by a team with extensive experience from renowned organizations and backed by notable venture investors. As Trim continues to expand its offerings, it remains focused on helping individuals manage their finances more effectively and achieve greater financial stability.

Tomorrow Ideas

Seed Round in 2017
Tomorrow Ideas, Inc. specializes in developing an application aimed at safeguarding families' financial futures. The app offers a range of features, including tools for creating a last will and testament, establishing a revocable living trust, and setting up guardianship for children and pets. Additionally, it includes calculators for net worth and life insurance, a comparison of term life insurance options, and provides a complimentary insurance policy. The application is accessible on both iOS and Android platforms. Founded in 2015 and headquartered in Seattle, Washington, Tomorrow Ideas is committed to helping families navigate important financial decisions.

GlacierGrid

Seed Round in 2017
CoInspect is a technology startup whose mission is to protect our food and our planet. We build technology to ensure food safety and sustainability from farm to fork. Our IoT-based 24/7 temperature monitoring sensors and mobile checklist app eliminate food waste, improve safety and reduce refrigeration emissions, protecting millions worldwide. We’re deployed across 5,000+ restaurants, retailers and manufacturers with leading brands including Starbucks, McDonalds, TGI Fridays, Chick-fil-A, and 7-Eleven. Founded by experienced entrepreneurs from Harvard and Columbia, we’re a mission-driven team passionate about making the world better and safer. We are based in San Francisco and supported by renowned venture capitalists including D.E. Shaw and Social Capital.

LeaseLock

Seed Round in 2016
LeaseLock Inc. is an insurance technology company that offers lease guarantor services, effectively replacing security deposits with insurance. Founded in 2013 and headquartered in Marina Del Rey, California, LeaseLock enables renters to obtain instant lease approval without the need for a cosigner, streamlining the rental process for both tenants and property owners. By integrating its lease insurance product into online leasing platforms, LeaseLock enhances the rental transaction experience, leading to increased conversion rates and reduced vacancy rates for property owners. The company has secured over $1 billion in leases backed by insurance rated A (Excellent) by A.M. Best. LeaseLock has formed a strategic partnership with QBE Holdings and attracts investment from notable global investors, including SoftBank Ventures Asia and Liberty Mutual Strategic Ventures.

Trim

Seed Round in 2016
Trim is a personal finance assistant that aims to enhance the financial health of Americans through its automated services. The application analyzes users' spending habits, negotiates bills for services such as cable and internet, cancels unwanted subscriptions, and provides spending insights and recommendations. By leveraging these features, Trim has successfully saved its users over $60 million. The company is supported by a team with extensive experience from renowned organizations and backed by notable venture investors. As Trim continues to expand its offerings, it remains focused on helping individuals manage their finances more effectively and achieve greater financial stability.

Bunker

Seed Round in 2016
Bunker is the leading provider of insurance compliance & verification. They combine Smart COI screening, compliance verification, and on-demand insurance - all in one platform.

Embroker

Seed Round in 2015
Embroker, Inc. is a digital insurance brokerage that specializes in providing insurance services for small and mid-sized businesses. Founded in 2015 and headquartered in San Francisco, with additional offices in Chicago and Boston, the company utilizes an online platform that enables clients to buy, manage, and analyze their commercial insurance policies efficiently. This platform allows users to share, request, and track proof of coverage through digital certificates of insurance and provides tools for real-time claims tracking. Embroker offers a variety of insurance products, including Commercial General Liability, property insurance, professional liability, and employee benefits, among others. The company also facilitates peer comparison, helping clients benchmark their policies against industry standards. By combining technology with brokerage expertise, Embroker aims to simplify the insurance process and enhance value for its clients in the competitive property and casualty insurance market.
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