Firemark Ventures is IAG’s corporate venture capital arm. IAG is Australia and New Zealand’s largest general insurer.
Our purpose is to strategically invest and partner with world leading start-ups that have the potential to materially impact IAG’s business
OUR INVESTMENT PORTFOLIO
OUR AREAS OF FOCUS
‘HORIZON THREE’ TECHNOLOGIES
Advanced technologies that are important to the future of IAG. This includes machine learning, computer vision, deep analytics, IoT, etc
OPPORTUNITIES TO ACCESS
& LEVERAGE DATA
Unique datasets that can help IAG understand its customers and risk in new and innovative ways
DISRUPTIVE BUSINESS MODELS
& ADJACENCIES
Opportunities enabling IAG to leverage its brand and assets to create a competitive advantage through the deployment of new disruptive business models or adjacencies
TECHNOLOGY IN SUPPORT
OF A SAFER FUTURE
Applications of technology that can help IAG achieve our company purpose of making our world a safer place
KEY INVESTMENT REQUIREMENTS
While each investment is unique and assessed on its own merits, our core investment requirements are below:
Must be aligned to our focus areas
Series A funding rounds and above
Clear demonstration of product market fit (i.e., significant traction and proof of the business model through recurring revenue, user acquisition etc.)
We typically don’t lead funding rounds. We look for another reputable investor (venture fund, corporate investor or otherwise) to be leading the round
Founders must have adequate ‘skin in the game’
We prefer preference shares over ordinary shares
We like to see that companies have an appropriate ESOP >10% unallocated
