We back the founders rewiring it.
We partner with founders who’ve gone obsessively deep into the dusty processes and tangled incentives within finance, insurance, healthcare, and real estate — and emerged with the conviction to change them.
In financial services, the ability to build arrives before the permission to build.
Even a great product has to be let in, by an executive or a regulator and by the operators who will use it. We call that permission. It is granted carefully, for good reason, and now that AI has made building easy, it is harder than ever to get. We back the teams that earn permission and compound the trust behind it.
We invest up to $6M in Seed and Series A rounds, backing AI‑native software and services at the first signals of product‑market fit.
How capital is invested, lent, and moved, from trade to transfer.
How risk is priced, placed, and managed, from submission to claim.
How care is covered, delivered, and reimbursed, from visit to payment.
How property is bought, financed, and run, from deed to lease.
We’ve invested together for the better part of a decade, backing the founders making financial services work better. Before that, we spent our careers inside its institutions. We can’t make a founder credible in a room they haven’t earned, but we can help them earn it.
We bring domain depth and a bench behind us: buyers, partners, operators, and founders who have been in that room before. Our companies meet them early, to prove out the product and the pitch, and to turn their first customers into many.
We’ve been fortunate to work with founders already rewiring these industries.
AI claims guidanceAcquired, $730M
02
modern wealth management
03
care for life’s hardest moments
04
consumer debt resolution
05
underwriting AI
06
data orchestration for wealth
07
AI insurance wholesaler
08
healthcare payment integrity
09
agentic cashflow platform
10
personal health dataUnicorn
11
modern insurance brokerageAcquired, $1.3B
12
personal lines insurerPublic, NYSE: LMND
Investments made prior to Switchboard.
