Distributed Ventures (which was born out of NFP Ventures), a Chicago, IL-based early-stage venture capital firm, closed its first fund, at $100M in total commitments.
Limited partners include insurance carriers, insurance brokerages, current as well as former insurance executives and private family offices.
The fund will focus on early-stage venture investments spanning insurtech, healthtech, and fintech verticals.
The Distributed Ventures investment thesis is to discover, invest in and rapidly accelerate the most promising startups in insurtech, fintech, and digital health that have the potential to positively affect risk in each respective vertical. The firm provides capital to late Seed and Series A companies while catalyzing growth through Distributed Ventures’ strategic LP base and the team’s expertise as former founders, investors, and operators.
Distributed Ventures was born out of NFP Ventures with the goal of helping entrepreneurs demonstrate product-market fit and accelerate their commercial traction via diverse distribution channels. As a result, their investments align with their strategic partners’ subject matter expertise, market perspectives, and distribution strength.
Led by Shawn Ellis, Managing Partner, Adam Blumencranz, Partner, at Distributed Ventures.
In May 2023, they added tech community-building veteran Mandy Yoh as their Chief of Staff. As Chief of Staff, Yoh will focus on brand growth and expanding investment opportunities for the firm. Yoh began her entrepreneurial tech career as the first hire at SpotHero where she led the community management of their ecosystem to help drive growth for the company. Most recently, Yoh oversaw the end-to-end experience for the global startup community at the worlds #1 private tech incubator, 1871 as well as the build out of the community / platform function at a Chicago mid-market private equity firm.
The firm has worked with companies across the U.S. and has led 6 acquisitions, and an IPO within their portfolio.
FinSMEs
13/07/2023