MassMutual Ventures

MassMutual Ventures is a venture capital firm established in 2014 as a part of MassMutual Financial Group, based in Boston, Massachusetts. The firm focuses on making return-driven investments in early to growth stage companies across North America, Europe, Israel, and Southeast Asia. Its investment portfolio emphasizes sectors such as financial technology, digital health, cybersecurity, data analytics, enterprise software, and climate technology. Additionally, MassMutual Ventures manages funds specifically targeting the Southeast Asia region, with a similar focus on early-stage investments in cybersecurity, digital health, fintech, and software-as-a-service.

Yara Alenazi

Associate

Weijian Chen

Investor

Tim Krysiek

Managing Partner

Carlos Jo Loo

Senior Associate

Alix Brunet

Principal

Kim Nguyen

Investor

Anvesh Ramineni

Managing Partner, APAC and Europe

Doug Russell

Managing Partner and Head of MMV

Spencer Singer

Associate

Sam Stone

Investor

Cheryl Teo

Associate

Past deals in InsurTech

Ledger Investing

Series B in 2022
Ledger Investing Inc. operates an online marketplace that connects insurers with institutional investors seeking to invest in various classes of insurance risk. Founded in 2016 and based in Washington, D.C., the platform allows asset managers, pension funds, hedge funds, and family offices to access a new asset class that offers the potential for returns uncorrelated with broader capital markets. The company capitalizes on recent trends where significant capital influx from long-term institutional investors is directed towards direct insurance investments. Additionally, Ledger Investing leverages technology to transform business models and create efficient marketplaces, enhancing the connection between buyers and sellers in the insurance sector. The firm is supported by Y Combinator.

Qoala

Series B in 2022
Qoala is an insurtech company based in Jakarta Selatan, Indonesia, founded in 2018. The company provides online insurance services for various needs, including coverage for flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance landscape in Indonesia. It collaborates with major e-commerce and travel platforms to improve customer experience through its innovative insurance products.

Qure.ai

Series C in 2022
Qure.ai Technologies Private Limited specializes in developing artificial intelligence software for the healthcare sector, focusing on medical imaging to enhance disease diagnosis from radiology and pathology images. Founded in 2016 and headquartered in Mumbai, India, with a presence in New York, the company offers tools such as qXR, which automates chest X-ray interpretation to identify abnormal findings, including signs of tuberculosis. Qure.ai also provides qER, which assists in triaging critical head CT scans and offers tools for monitoring traumatic brain injury and reporting. By leveraging deep learning solutions, Qure.ai aims to improve the accuracy of diagnoses and make healthcare more affordable and accessible, ultimately allowing healthcare professionals to dedicate more time to patient care.

Policygenius

Series E in 2022
Policygenius Inc. is an online insurance brokerage based in New York that specializes in providing a range of insurance products, including life, health, long-term disability, pet, and renters’ insurance. Founded in 2014, the company operates a digital marketplace that allows users to review, research, and compare insurance quotes. This platform aims to assist individuals in finding the appropriate insurance coverage tailored to their needs and budget. Additionally, Policygenius offers online insurance checkup services, further enhancing its commitment to helping customers navigate the complexities of insurance and financial protection.

Treehouse

Seed Round in 2022
Treehouse Finance is a Web3 company focused on transforming on-chain data into actionable insights for decentralized finance (DeFi) investors. The company develops a financial inclusion platform that provides data, analytics, and risk management services tailored for DeFi users. By leveraging quantitative data and sophisticated algorithms, Treehouse Finance creates risk management products and a comprehensive dashboard that analyzes information recorded on public blockchains. This enables clients to gain a clearer understanding of DeFi through curated information, portfolio analytics, and innovative tools designed to facilitate informed financial decisions and drive community innovation.

Phosphorus

Series A in 2022
Developer of a cyber-physical systems (CPS Protection) Platform intended for delivering a proactive approach to security management and breach prevention for the IoT (Internet of Things), IIoT(Industrial Internet of Things), and IoMT(Internet of Medical Things) attack surface. The company's unified xIoT (extended internet of things) security management platform provides unmatched security management and breach prevention across every industry vertical, delivering fidelity discovery and risk assessment, continuous monitoring and management automates the mitigation and inaccurate asset inventory, default credentials, out-of-date and vulnerable firmware, risky configurations,more

Pendella

Seed Round in 2022
Pendella, LLC is a virtual portal that connects businesses with a variety of health insurance providers to create tailored employee benefit programs. Established in 2018 and based in Fort Myers, Florida, Pendella offers solutions that encompass employee benefits, income protection plans, and human resources support. The platform allows businesses to receive multiple insurance quotes, compare options, and efficiently manage the implementation of group insurance programs. Additionally, Pendella's technology facilitates a streamlined online purchasing experience for individual life and disability insurance, utilizing artificial intelligence to automate underwriting and eliminate the need for medical exams. This innovative approach helps businesses and their employees access affordable insurance options quickly and easily.

Clinikk

Seed Round in 2021
Dedicated Care team of Doctors and Health Assistants, available 24/7.Budget friendly payment plans with comprehensive claim support.Holistic Healthcare coverage for the underserved.

Awning

Seed Round in 2021
Awning is a technology platform and brokerage designed to simplify and enhance the process of investing in single-family rental properties. It aims to make real estate investment accessible to individuals by utilizing a proprietary database of transaction data and artificial intelligence to connect clients with suitable properties. The platform assists investors throughout the entire process, including property underwriting, negotiation, financing, and insurance. By providing these comprehensive services remotely, Awning enables clients to invest passively in real estate, facilitating the growth of their net worth through rental homes.

Insurify

Series B in 2021
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.

Embroker

Series C in 2021
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.

Gradient AI

Series B in 2021
Gradient AI develops artificial intelligence and machine learning-based software solutions tailored for the insurance industry. Founded in 2018 and based in Cambridge, Massachusetts, the company offers a technology infrastructure platform that includes dashboards and visualizations for insurance underwriters and adjusters. Its claims management solutions aid in tracking complex claims, predicting incurred costs, and automating decision-making processes, while its underwriting solutions focus on automating underwriting, setting precise premiums, and identifying risks. The platform integrates seamlessly with clients' existing claims and underwriting systems through API, enabling efficient workflows and enhanced decision support. By leveraging advanced data analysis, Gradient AI aims to address critical challenges within the insurance sector, thereby improving operational efficiency and profitability.

Ideon

Series B in 2021
Vericred focuses on building infrastructure for the digital distribution of health insurance and employee benefits. The Vericred Platform serves as a data translation layer between insurance carriers and technology companies that are transforming the way health insurance and employee benefits are quoted, sold, enrolled, and managed. Vericred offers robust solutions for technology companies focused on the under 65 individual, Medicaid and Medicare markets, as well as the group market. It was founded in 2014 and headquartered in New York, United States.

Turtlemint

Series D in 2020
Turtlemint is an online insurance platform that identifies and purchases appropriate insurance policies for consumers. It aims to “demystify” insurance by explaining the jargon in a simple way and providing smart tools to help a user make the right choice. From search to purchase, the entire process can be completed online in just a few clicks. The company offers car insurance, bike insurance, health insurance, and term life insurance. It was founded in 2015 and is based in Mumbai, Maharashtra, India.

Ledger Investing

Series A in 2020
Ledger Investing Inc. operates an online marketplace that connects insurers with institutional investors seeking to invest in various classes of insurance risk. Founded in 2016 and based in Washington, D.C., the platform allows asset managers, pension funds, hedge funds, and family offices to access a new asset class that offers the potential for returns uncorrelated with broader capital markets. The company capitalizes on recent trends where significant capital influx from long-term institutional investors is directed towards direct insurance investments. Additionally, Ledger Investing leverages technology to transform business models and create efficient marketplaces, enhancing the connection between buyers and sellers in the insurance sector. The firm is supported by Y Combinator.

RiskIQ

Series D in 2020
RiskIQ, Inc. is a cybersecurity firm specializing in cloud-based Software-as-a-Service solutions designed to help organizations identify and mitigate online security threats, such as phishing, fraud, and malware. The company's key offerings include RiskIQ Illuminate, which automates the mapping and monitoring of an organization's digital attack surface; RiskIQ Digital Footprint, which visualizes and protects this surface; and RiskIQ PassiveTotal, which enhances investigation processes by linking internal activities to external threats. Additionally, RiskIQ provides RiskIQ External Threats for detecting targeted digital threats across various channels and RiskIQ Executive Guardian, which monitors online information about company executives to prevent leaks. The firm serves a diverse range of industries, including finance, retail, healthcare, and technology, and is recognized for its advanced threat management capabilities, which are powered by proprietary technology and a global proxy network. Established in 2003 and headquartered in San Francisco, RiskIQ also has offices in Kansas and London.

Insurify

Series A in 2020
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.

Gradient AI

Series A in 2019
Gradient AI develops artificial intelligence and machine learning-based software solutions tailored for the insurance industry. Founded in 2018 and based in Cambridge, Massachusetts, the company offers a technology infrastructure platform that includes dashboards and visualizations for insurance underwriters and adjusters. Its claims management solutions aid in tracking complex claims, predicting incurred costs, and automating decision-making processes, while its underwriting solutions focus on automating underwriting, setting precise premiums, and identifying risks. The platform integrates seamlessly with clients' existing claims and underwriting systems through API, enabling efficient workflows and enhanced decision support. By leveraging advanced data analysis, Gradient AI aims to address critical challenges within the insurance sector, thereby improving operational efficiency and profitability.

Engine by MoneyLion

Corporate Round in 2019
Founded in 2015, Even Financial is an NYC based fintech company focused on evolving how financial institutions connect with consumers and provide them the best product recommendations at the right moment, facilitating an on-demand and personalized customer acquisition experience across the entire financial services ecosystem. The Even platform serves as a trusted intermediary for financial institutions - including Prosper, Lending Club, and Marcus by Goldman Sachs - that helps find consumers and distribute their products digitally. Even’s industry-leading search, comparison, and recommendation API is an infrastructure layer that enables hundreds of diverse partners - including Credit.com, Transunion, Money Under 30, Credit Sesame, and The Penny Hoarder - to power comprehensive personal finance websites, mobile apps, and other offerings with a modern platform that is proven to accelerate customer acquisition through optimal product recommendations, lowering cost of acquisition and maximizing monetization. Even Financial is based in New York.

Limelight Health

Series C in 2019
Limelight Health, Inc. is a developer of a cloud-based platform designed to streamline and automate the quoting, underwriting, and proposal processes for the employee benefits industry. Founded in 2014 and headquartered in San Francisco, California, with additional offices in Redding and Des Moines, the company serves health insurance carriers, general agents, and brokers. Its technology facilitates higher sales by automating manual workflows and enhancing plan distribution. The platform features a comprehensive suite of configurable microservices, including quoting, rating, proposal generation, and enrollment support, all aimed at simplifying user experiences and promoting brand value. Limelight Health also provides seamless integration with various industry systems through its API, allowing for efficient data management and process automation. As of August 2020, Limelight Health operates as a subsidiary of FINEOS Corporation Holdings plc.

Inpensa

Series A in 2018
Inpensa Inc. is a SaaS technology and advisory services company based in Edison, New Jersey, dedicated to providing investment advisory solutions for corporate executives. The company offers a suite of products designed for enterprise business value management, including PlanIQ for project portfolio strategic planning, CaseIQ for business case management, and TracIQ for tracking return on investment and value realization. Additionally, Inpensa provides VendorIQ for vendor analysis and cost optimization, and MetricsIQ for key performance indicators and metrics management. Founded by professionals from Fortune 500 firms, Inpensa leverages extensive expertise in financial management, project portfolio management, and enterprise cost optimization to help organizations effectively prioritize projects, analyze costs, and track the benefits of their investments.

Picwell

Series B in 2018
Picwell Inc. operates an online predictive recommendation engine that assists consumers in selecting appropriate health plans. By analyzing lifestyle, behavioral, and financial data alongside health claims, the company forecasts individual healthcare needs. Founded in 2013 and based in Philadelphia, Pennsylvania, Picwell serves a diverse range of clients, including exchanges, benefit platforms, agents, brokers, retail pharmacies, and employers. Its software streamlines the benefits purchasing process, enabling users to confidently choose plans based on future care considerations and estimated out-of-pocket expenses. This approach not only aids consumers in making informed decisions but also enhances efficiency and cost-effectiveness for businesses involved in selling health plans.

Limelight Health

Series B in 2017
Limelight Health, Inc. is a developer of a cloud-based platform designed to streamline and automate the quoting, underwriting, and proposal processes for the employee benefits industry. Founded in 2014 and headquartered in San Francisco, California, with additional offices in Redding and Des Moines, the company serves health insurance carriers, general agents, and brokers. Its technology facilitates higher sales by automating manual workflows and enhancing plan distribution. The platform features a comprehensive suite of configurable microservices, including quoting, rating, proposal generation, and enrollment support, all aimed at simplifying user experiences and promoting brand value. Limelight Health also provides seamless integration with various industry systems through its API, allowing for efficient data management and process automation. As of August 2020, Limelight Health operates as a subsidiary of FINEOS Corporation Holdings plc.

One

Series B in 2017
One, Inc. is a technology company that specializes in developing cloud-based software solutions for property and casualty insurers. Founded in 2012 and headquartered in Folsom, California, the company offers a comprehensive software suite known as InsureOne, which includes policy management, payment processing, enterprise efficiency management, and customer relationship management, among other features. Additionally, One, Inc. provides a digital payments platform designed to enhance retention, reduce administrative costs, and improve data security while ensuring compliance. This platform integrates multi-channel digital communications with electronic payment processing, facilitating a seamless experience for premium and claims payments. Serving a diverse clientele that includes agencies, carriers, and managing general agents, One, Inc. manages billions of dollars in transactions annually, positioning itself as a rapidly growing player in the insurance technology sector.

Ledger Investing

Seed Round in 2017
Ledger Investing Inc. operates an online marketplace that connects insurers with institutional investors seeking to invest in various classes of insurance risk. Founded in 2016 and based in Washington, D.C., the platform allows asset managers, pension funds, hedge funds, and family offices to access a new asset class that offers the potential for returns uncorrelated with broader capital markets. The company capitalizes on recent trends where significant capital influx from long-term institutional investors is directed towards direct insurance investments. Additionally, Ledger Investing leverages technology to transform business models and create efficient marketplaces, enhancing the connection between buyers and sellers in the insurance sector. The firm is supported by Y Combinator.

Insurify

Venture Round in 2017
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.

One

Series B in 2016
One, Inc. is a technology company that specializes in developing cloud-based software solutions for property and casualty insurers. Founded in 2012 and headquartered in Folsom, California, the company offers a comprehensive software suite known as InsureOne, which includes policy management, payment processing, enterprise efficiency management, and customer relationship management, among other features. Additionally, One, Inc. provides a digital payments platform designed to enhance retention, reduce administrative costs, and improve data security while ensuring compliance. This platform integrates multi-channel digital communications with electronic payment processing, facilitating a seamless experience for premium and claims payments. Serving a diverse clientele that includes agencies, carriers, and managing general agents, One, Inc. manages billions of dollars in transactions annually, positioning itself as a rapidly growing player in the insurance technology sector.

RiskIQ

Series C in 2016
RiskIQ, Inc. is a cybersecurity firm specializing in cloud-based Software-as-a-Service solutions designed to help organizations identify and mitigate online security threats, such as phishing, fraud, and malware. The company's key offerings include RiskIQ Illuminate, which automates the mapping and monitoring of an organization's digital attack surface; RiskIQ Digital Footprint, which visualizes and protects this surface; and RiskIQ PassiveTotal, which enhances investigation processes by linking internal activities to external threats. Additionally, RiskIQ provides RiskIQ External Threats for detecting targeted digital threats across various channels and RiskIQ Executive Guardian, which monitors online information about company executives to prevent leaks. The firm serves a diverse range of industries, including finance, retail, healthcare, and technology, and is recognized for its advanced threat management capabilities, which are powered by proprietary technology and a global proxy network. Established in 2003 and headquartered in San Francisco, RiskIQ also has offices in Kansas and London.

Apliant

Seed Round in 2016
Apliant Insurance Solutions Inc. is a Boston-based company that specializes in developing an on-demand platform tailored for insurance agencies and carriers. Founded by professionals in insurance, technology, and marketing, Apliant aims to enhance local insurance distribution by providing agents with user-friendly tools to connect with consumers seeking insurance products. The platform serves as a comprehensive sales enablement application, offering various customer engagement tools that streamline workflows and empower agents to find and retain clients more effectively. Established in 2015, Apliant is focused on improving the efficiency of insurance agents, allowing them to expand their reach in both existing and new markets.

Policygenius

Series B in 2016
Policygenius Inc. is an online insurance brokerage based in New York that specializes in providing a range of insurance products, including life, health, long-term disability, pet, and renters’ insurance. Founded in 2014, the company operates a digital marketplace that allows users to review, research, and compare insurance quotes. This platform aims to assist individuals in finding the appropriate insurance coverage tailored to their needs and budget. Additionally, Policygenius offers online insurance checkup services, further enhancing its commitment to helping customers navigate the complexities of insurance and financial protection.

Limelight Health

Series A in 2015
Limelight Health, Inc. is a developer of a cloud-based platform designed to streamline and automate the quoting, underwriting, and proposal processes for the employee benefits industry. Founded in 2014 and headquartered in San Francisco, California, with additional offices in Redding and Des Moines, the company serves health insurance carriers, general agents, and brokers. Its technology facilitates higher sales by automating manual workflows and enhancing plan distribution. The platform features a comprehensive suite of configurable microservices, including quoting, rating, proposal generation, and enrollment support, all aimed at simplifying user experiences and promoting brand value. Limelight Health also provides seamless integration with various industry systems through its API, allowing for efficient data management and process automation. As of August 2020, Limelight Health operates as a subsidiary of FINEOS Corporation Holdings plc.

Picwell

Series A in 2015
Picwell Inc. operates an online predictive recommendation engine that assists consumers in selecting appropriate health plans. By analyzing lifestyle, behavioral, and financial data alongside health claims, the company forecasts individual healthcare needs. Founded in 2013 and based in Philadelphia, Pennsylvania, Picwell serves a diverse range of clients, including exchanges, benefit platforms, agents, brokers, retail pharmacies, and employers. Its software streamlines the benefits purchasing process, enabling users to confidently choose plans based on future care considerations and estimated out-of-pocket expenses. This approach not only aids consumers in making informed decisions but also enhances efficiency and cost-effectiveness for businesses involved in selling health plans.

Policygenius

Series A in 2015
Policygenius Inc. is an online insurance brokerage based in New York that specializes in providing a range of insurance products, including life, health, long-term disability, pet, and renters’ insurance. Founded in 2014, the company operates a digital marketplace that allows users to review, research, and compare insurance quotes. This platform aims to assist individuals in finding the appropriate insurance coverage tailored to their needs and budget. Additionally, Policygenius offers online insurance checkup services, further enhancing its commitment to helping customers navigate the complexities of insurance and financial protection.
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