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NFP Ventures

Founders Doug Hammond Edward Ou2019Malley Michael Goldman Shawn Ellis

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 34
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 20
Rounds per year 5.67
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.41
Exits 2
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Insurance
  • Health Care
  • InsurTech
  • Software
  • Medical Device
Summary

In 2018 was created NFP Ventures, which is appeared as VC. The main office of represented VC is situated in the New York. The fund was located in North America if to be more exact in United States. NFP Ventures seemed to be an CVC arrangement as part of the organization.

The current fund was established by Doug Hammond, Edward Ou2019Malley, Michael Goldman, Shawn Ellis.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the NFP Ventures, startups are often financed by Union Bay Partners, Plug and Play, Merus Capital. The meaningful sponsors for the fund in investment in the same round are Yabeo Capital, Partnership Fund for New York City, New York Life Insurance Co. In the next rounds fund is usually obtained by Stage 2 Capital, Seyen Capital, Palm Drive Capital.

The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most successful fund investment fields, there are Financial Services, Health Care. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Quip, Hound Labs, Axio Global For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

Considering the real fund results, this VC is 20 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. The important activity for fund was in 2018. The fund is constantly included in 2-6 deals per year.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Axio

Cyber Security
Information Services
Information Technology
$23M04 Aug 2022 New York, New York, United States

CoverTree

Construction
Insurance
InsurTech
Property Insurance
Property Management
Smart Home
$8M18 May 2022 Detroit, Michigan, United States

Vivante Health

Health Care
Medical Device
Wellness
$16M08 Mar 2022 Houston, Texas, United States

Ascend

Finance
FinTech
Insurance
InsurTech
Software
$30M27 Jan 2022 Palo Alto, California, United States

Honeycomb Insurance

Commercial Insurance
Insurance
$15M19 Jan 2022 San Francisco, California, United States

TrustLayer

Artificial Intelligence
Insurance
InsurTech
Machine Learning
$15M17 Aug 2021 San Francisco, California, United States

Harness Wealth

Consulting
Financial Services
Wealth Management
$15M28 Jun 2021 New York, New York, United States

Honeycomb Insurance

Commercial Insurance
Insurance
$3M22 Jun 2021 San Francisco, California, United States

VaxAtlas

Fitness
Health Care
Wellness
13 Apr 2021 Boston, Massachusetts, United States
News
TrustLayer Raises $15M to Build the Future of Insurance Verification

– TrustLayer, a collaborative risk management platform, announced it has closed a Series A funding round of $15.1m.
Craft Ventures led the round with participation from Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and PruVen Capital.
– TrustLayer is the preferred solution to replace the insurance industry’s antiquated, paper-based methods for verifying coverage, introducing significant risk to supplier-driven sectors such as construction, banking, property management, and sports entertainment.

TrustLayer Snares $6.6M Seed Round

– TrustLayer, a collaborative risk management platform, has completed a $6.6m seed round of financing.
Abstract Ventures led the round with participation from Propel Venture Partners, NFP Ventures, BoxGroup, and Precursor Ventures.
– BrokerTech Ventures (BTV), a group made up of 13 of the most innovative insurance agencies in the U.S. and 11 top-tier insurance companies, is also participating in the seed round.

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Total investments 34
Average round size 8M
Rounds per year 5.67
Peak activity year 2018
Lead investments 4
Follow on index 0.41
Exits 2
Group Appearance index 0.74

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Axio

Cyber Security
Information Services
Information Technology
$23M04 Aug 2022 New York, New York, United States

CoverTree

Construction
Insurance
InsurTech
Property Insurance
Property Management
Smart Home
$8M18 May 2022 Detroit, Michigan, United States

Vivante Health

Health Care
Medical Device
Wellness
$16M08 Mar 2022 Houston, Texas, United States

Ascend

Finance
FinTech
Insurance
InsurTech
Software
$30M27 Jan 2022 Palo Alto, California, United States

Honeycomb Insurance

Commercial Insurance
Insurance
$15M19 Jan 2022 San Francisco, California, United States

TrustLayer

Artificial Intelligence
Insurance
InsurTech
Machine Learning
$15M17 Aug 2021 San Francisco, California, United States

Harness Wealth

Consulting
Financial Services
Wealth Management
$15M28 Jun 2021 New York, New York, United States

Honeycomb Insurance

Commercial Insurance
Insurance
$3M22 Jun 2021 San Francisco, California, United States

VaxAtlas

Fitness
Health Care
Wellness
13 Apr 2021 Boston, Massachusetts, United States
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