Dallas-based MarketScout is looking to give a boost to insurance-focused tech startups with a new venture fund.
The insurance distribution and underwriting company runs the MarketScout Exchange and more than 40 other online and traditional underwriting and distribution venues, according to its website.
“We will use that experience to help MIT evaluate startup InsurTech companies seeking capital, guidance, and support.”
Richard Kerr
Its new MarketScout InsurTech venture fund will start with $25 million in capital, which will be focused in the insurance distribution space, according to the company. It plans to make 10-12 investments.
“Over the past 17 years, we have learned a lot about how to successfully deploy technology in the insurance space,” said MarketScout Founder and CEO Richard Kerr in a release.
“We will use that experience to help MIT evaluate startup InsurTech companies seeking capital, guidance, and support.”
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