MarketScout unveils $25m insurtech venture fund

Dallas-based insurance exchange and MGA MarketScout is set to launch a $25 million venture fund for tech-enabled insurance distribution.

The initial funding for MarketScout InsurTech (MIT) has been provided by MarketScout Corporation, parent of MIT.

Richard Kerr, founder and CEO of MarketScout, said: "MarketScout was founded as a web-enabled insurance exchange back in 2000. Over the past seventeen years, we have learned a lot about how to successfully deploy technology in the insurance space.

"We will use that experience to help MIT evaluate startup InsurTech companies seeking capital, guidance, and support. We anticipate making ten to twelve investments."

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