Eos Venture Partners launches $100m debut insurtech fund
Eos Venture Partners has launched an insurance technology related fund, EVP I, with a $100m target.
The vehicle will make early- and growth-stage investments on a global basis from offices in London and Philadelphia. The firm is also in the process of setting up an "innovation centre" in India, according to a statement.
Eos was founded in 2016 and is led by partners Jonathan Kalman, formerly managing partner and CEO of Jaguar Capital Partners; Sam Evans, formerly of KPMG; and Carl-Georg Bauer-Schlichtegroll, formerly of JP Morgan and Credit Suisse.
The VC has already made eight investments on a deal-by-deal basis, including connected home insurance company Neos and social-media-enabled insurance data firm Digital Fineprint.
Investors
EVP I has already raised a $20m commitment from a global insurance company and a further $10m commitment from a European insurance firm. The fund's LPs will typically be strategic investors drawn from the insurance sector, according to the statement.
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