21 September 2017
Find out more

Anthemis secures insurtech investment partnership with Baloise

28 February 2017  |  4497 views  |  0 Buy Road sign

Swiss financial services group Baloise has committed CHF50 million with UK venture capital fund Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.

Anthemis currently holds more than 30 companies in its portfolio, including the automated wealth management platform Betterment, fundraising platform Artivest and on-demand insurer Trov. Successful exits in this time include Simple, sold to BBVA for $117 million in 2014, and The Climate Corporation, acquired by Monsanto for $930 million in 2013.

In August last year, the firm raised a $60 million war chest to provide pre-seed, seed and series A financing to digitally native financial services startups across North America and Europe. Unicredit also announced a EUR200 million collaboration with Anthemis in March to create a dedicated initiative targeting mid-stage startups and follow-on investments in more mature and established fintech businesses.

The Baloise deal will see Anthemis tracking down promising startups in the emerging insurtech market.

Gert De Winter, group CEO Baloise, says: “Insurance incumbents have a unique opportunity to capitalise on lessons learned from the financial services world’s venturing successes and mistakes. We could not have found a better partner than Anthemis, as can be seen from its expertise and success in evaluating fintech start-ups and advising on investments in such businesses. Baloise now has a unique opportunity to benefit from the Anthemis Group's knowledge of innovation in digital financial services."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Anthemis secures backing from EIF and UniCredit for inaugural venture fund

Anthemis secures backing from EIF and UniCredit for inaugural venture fund

02 August 2016  |  6008 views  |  0 comments | 5 tweets | 9 linkedin
UniCredit sets up $200 million fintech fund

UniCredit sets up $200 million fintech fund

23 March 2016  |  15264 views  |  0 comments | 24 tweets | 12 linkedin
Women in FinTech - Amy Nauiokas, co-founder and president of the Anthemis Group

Women in FinTech - Amy Nauiokas, co-founder and president of the Anthemis Group

17 April 2015  |  6679 views  |  0 comments | 5 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.comdownload the paper now

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12085 views comments | 25 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10787 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9436 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8020 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8002 views comments | 5 tweets | 4 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job