Twelve Capital, Eos launch new growth fund to shake-up insurance industry

Twelve Capital,  Eos Venture Partners join forces to launch a joint InsurTech focused growth fund.

Eos Venture Partners, a specialist insurance venture capital investor, and Twelve Capital, the Zurich-based independent investment manager, have joined forces to provide growth funding for “successful” insurtech companies.

With a specialised fund Twelve and Eos aim to “accelerate the digital disruption” of the insurance industry through investing into the global insurtech sector, which according to a study by Valuates Reports in August 2021, is expected to grow at 34.4 percent annually and reach $119.4 billion by 2027.

With an exclusive focus on insurtech and adjacent opportunities, the fund will capitalise on Twelve Capital’s insurance network and Eos’ insurtech expertise. The focus will be on later stage growth capital (primarily Series C and beyond) for fast-growing companies where Eos has a strong relationship through their early stage investments or that are otherwise known to Eos.

Urs Ramseier, executive chairman and chief investment officer of Twelve, said: “We are delighted to form this partnership with Eos. We share a deep experience with insurance investments and will together support the growth and implementation of new technologies into this sector.

“The key differentiator of our strategy is that targeted companies are primarily part of a predefined pool of InsurTech companies that our partner Eos knows extraordinary well.”

Carl Bauer-Schlichtegroll, founding partner of Eos, added: “As technology transforms our lives, consumers and businesses increasingly expect insurance to be delivered when and how they want. InsurTech companies address this growing demand and we expect many to become the leading players of tomorrow across geographies and sectors, creating enormous value to customers, insurers and investors.

“A key priority for Eos is to make a positive impact on the lives of 500 million people over the coming decade by closing the protection gap while integrating environmental, social, and governance (ESG) factors into investment decisions. With our existing portfolio companies we already positively contribute to the protection gap reduction in areas such as the GIG economy, cyber, mobility, sports and health.”

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