Portfolio Company Announcements

AUSTIN, Texas, Oct. 11, 2018 /PRNewswire/ — Rollick, the first affinity buying program and enterprise lead management solution for the powersports, RV, marine and industrial equipment industries, has closed $8.3M in Series A funding. LiveOak Venture Partners led the round joined by additional new investors (Anthem Venture Partners and ManchesterStory Group) and existing investors (Silverton,…

AUSTIN, Texas, Aug. 20, 2018 /PRNewswire/ — PLNAR, the augmented reality (“AR’) solution that creates, fully measured, real-time 3D models of any room, announced today a Series A investment of $3.9 million led by InsurTech, FinTech and healthcare venture capital fund ManchesterStory Group. Additional funding comes from The Venture Reality Fund and Colopl Next, Inc. The financing will be used to fund PLNAR’s expansion…

ANN ARBOR, Mich.–(BUSINESS WIRE)–Groundspeed Analytics (“Groundspeed”), a leading insurance technology company specializing in artificial intelligence (AI) and data science solutions to the $800 billion global commercial property and casualty insurance industry, today announced a $30 million Series B funding round led by Oak HC/FT. The investment will be used to continue to expand products and…

Iowa’s largest venture fund added five companies to its portfolio in 2017 while raising additional capital towards its $125 million target. After launching in February of 2017 ManchesterStory invested in five startups and was the lead investor in each deal. The fund also raised $10 million, raising its total to $41 million. Dave Miles, a…

Matic Insurance CEO, Aaron Schiff, speaks with INSURTECH. You can read the interview here.

FinMkt, Inc., a New York-based provider of technology and infrastructure for the online lending industry, announced this week it has closed a $5 million equity round led by venture capital firm ManchesterStory Group with participation from Perot Jain LP, Vectr Ventures, and existing investors. This news comes less than a year after the company rebranded…

Financed by Mr. Cooper, Top Insurance Carriers and Prominent VC Firms SHERMAN OAKS, Calif., Nov. 7, 2017 /PRNewswire/ — Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in…

Many insurtech companies and investors have been around insurance and financial services for a few years and have made a comfortable new home for themselves in the spiraling insurtech world. ManchesterStory Group is one such example. You can read the article here.

This article is part of Carrier Management’s series on the Future of Insurance. David W. Miles, Co-Founder and Managing Partner, ManchesterStory Group, has his sights on transformed business processes that eliminate cobbled-together workflows internally and reduce friction for customers and claimants as he looks to invest in the industry’s future. IoT datasets further positioning insurers…

ANN ARBOR, MI–(Marketwired – April 04, 2017) – Groundspeed Analytics (Groundspeed), the commercial insurance data automation firm accelerating financial performance through machine learning, announced it has completed a $2.0 million Series A round of financing. You can read the press release here.