InsurTech Investment Firm Builds Up Portfolio
In early 2017, Des Moines investment professionals David Miles and Matthew Kinley partnered to launch ManchesterStory Group. The new venture capital firm has established a foothold with initial investments in the insurance technology sector, along with an eye on promising financial technology and health care technology startups. In less than two years, the West Des Moines firm has attracted just under $50 million in capital from investors toward a $125 million funding goal. ManchesterStory last year reviewed some 500 potential deals and to date has invested in six startups that are spread across the United States.