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NFP Ventures

North America, New York, United States, New York

Description

NFP Ventures operates as the strategic venture capital arm of NFP, a leading insurance broker and consultant based in the United States. Established in 2016, this corporate venture fund is dedicated to investing in early-stage startups, typically from Seed to Series B rounds. Their investment thesis is sharply focused on companies developing innovative solutions across key sectors including Insurtech, Fintech, HR Tech, Benefits Tech, Wealth Management Tech, and Digital Health. The core objective is to identify and back enterprises that can strategically align with and benefit from NFP's extensive ecosystem, thereby accelerating their growth and fostering mutual value creation.

What distinguishes NFP Ventures is its approach as a strategic partner rather than just a financial investor. Portfolio companies gain unparalleled access to NFP's vast distribution channels, deep industry expertise, and significant human capital. This includes opportunities for commercial partnerships, pilot programs, and potential integration into NFP's service offerings, which can provide startups with immediate market validation and scale. The aim is to leverage NFP's existing client base and operational infrastructure to help portfolio companies achieve rapid market penetration and product adoption, significantly de-risking their early-stage development.

NFP Ventures primarily targets companies that demonstrate a clear potential for synergy with NFP's core business lines and client needs. Their typical initial investment check sizes range from $250,000 to $2 million, reflecting their commitment to early-stage funding while also having the capacity for follow-on investments as companies mature. This structured investment approach ensures that capital is deployed into ventures that not only promise strong financial returns but also offer strategic advantages and innovative solutions that can enhance NFP's own service capabilities and market position.

Investor Profile

NFP Ventures has backed more than 23 startups, with 0 new investments in the last 12 months alone. The firm has led 4 rounds, about 17% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on InsurTech, Insurance, Health Care.
  • Typical check size: $250K – $2M.

Stage Focus

  • Series A (35%)
  • Seed (22%)
  • Series B (17%)
  • Series Unknown (13%)
  • Convertible Note (9%)
  • Series D (4%)

Country Focus

  • United States (96%)
  • Canada (4%)

Industry Focus

  • Insurtech
  • Insurance
  • Health Care
  • Fintech
  • Information Technology
  • Software
  • Artificial Intelligence (Ai)
  • Machine Learning
  • Financial Services
  • Saas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NFP Ventures frequently co-invest with?

Boehringer Ingelheim Venture Fund
Europe, Rheinland-Pfalz, Germany, Ingelheim Am Rhein
Co-Investments: 2
Propel
North America, California, United States, San Francisco
Co-Investments: 2
Partnership Fund for New York City
North America, New York, United States, New York
Co-Investments: 2
Sure Ventures
North America, California, United States, Mountain View
Co-Investments: 2
Abstract Ventures
North America, California, United States, San Francisco
Co-Investments: 2
C
Europe, Baden-Wurttemberg, Germany, Heidelberg
Co-Investments: 2
I2BF Global Ventures
North America, New York, United States, New York
Co-Investments: 2
BoxGroup
North America, New York, United States, New York
Co-Investments: 2
Yabeo
Europe, Bayern, Germany, Grünwald
Co-Investments: 2
AXA Venture Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 2

Which angels does NFP Ventures often collaborate with?

OA
North America, New York, United States, New York
Shared Deals: 1
Nilam Ganenthiran
North America, Ontario, Canada, Toronto
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1
PE
North America, Massachusetts, United States, Brookline
Shared Deals: 1
ME
North America, California, United States, San Francisco
Shared Deals: 1
GK
North America, California, United States, San Francisco
Shared Deals: 1
CM
North America, New York, United States, New York
Shared Deals: 1
LD
North America, Virginia, United States, Richmond
Shared Deals: 1
BD
Europe, England, United Kingdom, London
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by NFP Ventures?

Axio

New York, New York, United States

Axio is a SaaS-based cyber management software that provides security programs for enterprises and government sectors.

Cyber SecurityInformation TechnologyInsurTechRisk ManagementSaaS
Series BAug 4, 2022
Amount Raised: $23,000,000
Cylinder

Chicago, Illinois, United States

Cylinder is a digital health company that offers personalized care for people with digestive conditions.

Health CareTelehealthWellness
Series AMar 8, 2022
Amount Raised: $16,000,000
Ascend

San Francisco, California, United States

Ascend is a developer of an insurance payments platform that offers automated payments in financing, collections, and payables.

FinanceFinTechInsuranceInsurTechSoftware
Series AJan 27, 2022
Amount Raised: $30,000,000
Honeycomb

Chicago, Illinois, United States

Honeycomb is a real estate insurance company that provides coverage for landlord Insurance and condo association insurance.

Commercial InsuranceInsuranceInsurTechProperty Insurance
Series AJan 19, 2022
Amount Raised: $15,400,000
TrustLayer

San Francisco, California, United States

TrustLayer is an insurtech company automating insurance verification with machine learning and AI.

Artificial Intelligence (AI)InsuranceInsurTechMachine Learning
Series AAug 17, 2021
Amount Raised: $15,100,000
Harness Wealth

New York, New York, United States

Harness Wealth provides the next generation of builders confidence in their best financial future.

ConsultingFinancial ServicesFinTechWealth Management
Series AJun 28, 2021
Amount Raised: $15,000,000
Honeycomb

Chicago, Illinois, United States

Honeycomb is a real estate insurance company that provides coverage for landlord Insurance and condo association insurance.

Commercial InsuranceInsuranceInsurTechProperty Insurance
SeedJun 22, 2021
Amount Raised: $3,300,000
TrustLayer

San Francisco, California, United States

TrustLayer is an insurtech company automating insurance verification with machine learning and AI.

Artificial Intelligence (AI)InsuranceInsurTechMachine Learning
SeedFeb 2, 2021
Amount Raised: $6,600,000
Wingspan

New York, New York, United States

Wingspan is a platform for freelancers to manage income, benefits, and taxes.

Financial ServicesFinTechInformation TechnologyPayments
Series UnknownJan 1, 2021
Kindbody

New York, New York, United States

Kindbody is a fertility clinic network and family-building benefits provider for employers.

Employee BenefitsFertilityHealth CareMedical
Series BJul 8, 2020
Amount Raised: $32,000,000