BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has selected 12 insurtech startups to take part in its highly intentional accelerator curriculum.
- 1Fort, New York, NY
- Adapt API, San Francisco, CA
- Boon Health, Bingham Farms, MI
- Comulate, San Francisco, CA
- Frame Fertility, San Francisco, CA
- GOAT Risk Solutions, Buckinghamshire, UK
- Insight Risk Holdings, Weston, CT
- Irys Insurtech, Tampa, FL
- Pagedip, Boulder, CO
- ReFocus AI, San Diego, CA
- Sertis, Reno, NV
- Transharpe Solutions, Charlotte, NC
“In this, our fourth year of the BTV Accelerator, I am thrilled with the diversity of technologies that will move through the accelerator, as well as the diversity in geographies represented,” said Dan Keough, Holmes Murphy chairman and CEO and BTV co-founder. “We truly have some of the highest-caliber, early-stage and growth insurtech companies on our roster, and they touch nearly every angle of insurance risk management — from P&C commercial to cyber to health/benefits-tech solutions.”
The accelerator cohort kicked off April 4, 2023. During the program, the startups will advance their technologies, accelerate their progress through a select mentor network, receive $50,000 in seed funding, and gain immediate access to BTV’s multi-billion-dollar distribution platform to deploy the technologies.
“This class is really exciting for a number of reasons,” said John Jackovin, executive director of the BTV Accelerator. “The startups include some who had reapplied after not making it in years past. We also have more female founders than ever before, which is tremendous to see! And, of course, the products and technologies continue to improve. We are fortunate to be able to engage at this early stage to provide a tremendous value to the community.”
Collectively, BTV represents 13 of the largest independently owned insurance brokerages and 14 of the largest insurance companies in North America, with a combined multi-billion dollars in annual distribution capacity. The Partners Group (TPG) was accepted into BrokerTech Ventures (BTV) as a collaborator in 2021. As TPG’s CFO Jake Shafer said at the time, “BTV will be a driving force to meet the challenges of technology development and adoption while improving the experience our customers have with the industry. Being invited to join the journey of BTV and its members is an honor and aligned with TPG’s vision of the future for the industry.”
“The true value in our BTV Accelerator and business model is in the engagement with our trifecta ecosystem of BTV agencies, insurance companies, and capital resources,” said Keough. “Many of the startups who go through the accelerator have an engagement with our partners that lasts well beyond the accelerator as we work to deploy their technologies to collectively help our clients and the insurance industry identify risks sooner to drive down costs faster.”
In addition to activities in the United States, BTV co-founded the first broker-centric accelerator in Tel Aviv, Israel — the Israeli Insurtech Accelerator — along with InsurTech Israel. BTV has also teamed up with insurance leaders in Latin America to launch and fuel The LATAM Insurtech Accelerator (LATAMIA).
About BrokerTech Ventures
Based in the insurance nucleus of Des Moines, Iowa, BrokerTech Ventures (BTV) is the first broker-led convening platform and accelerator program focused on delivering innovation to the insurance broker industry. Founded in 2019, BTV provides a venue for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BTV invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels. Learn more at www.brokertechventures.com, or follow us on Twitter (@BrokerTechVen), LinkedIn, or Facebook.