
NFP Ventures
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
Frequently Asked Questions
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