Venture Capital: New, Boston-Based VC Firm to Target Insurtech and Fintech
Brewer Lane Ventures will invest in Insurtech and Fintech startups.
Boston-based Brewer Lane Ventures is a newly minted venture capital firm that launched January 9. John Kim founded Brewer Lane Ventures. Kim was previously President and Chief Investment Officer of New York Life Insurance Company.
Brewer Lane Ventures: Investment focus
The firm will focus on investing in the rapidly growing insurtech (insurance+tech) and fintech (finance+tech) industries. Within these industries, it will target early-stage companies looking for Series A and B rounds of funding.
“Using our deep knowledge and experience of working in the insurance and finance industries from founding and scaling startups, venture investing and running Fortune 100 companies, we partner with entrepreneurs focused on creating new business models, empowering incumbents, and leveraging insights from data & analytics,” Brewer Lane said in a statement.
John Kim grew assets at New York Life from $213 billion to $582 billion during his decade-long tenure at the company.
Kim is reportedly keen to invest in start-ups developing technology that can support traditional insurance companies. Data analytics applications for the insurance industry also excite Kim’s interest.
The VC firm also announced the appointment of Martha Notaras as Managing Partner. Notaras previously led XL Innovate, a leading property and casualty insurtech VC fund. As a partner at XL Innovate, she invested in start-ups in the fields of data and analytics as well as new insurance business models.
According to BostInno, Brewer Lane disclosed in an SEC filing in early December that it is seeking to raise $200 million for its inaugural fund.
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