IAG Firemark Ventures

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

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Budgeting and planning for personal finances

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Online marketplace to outsource  everyday tasks

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Digital mortgages  with fast  approval & low costs

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ML technology to  sense real-time  consumer demand

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Continuous  assessment  of cyber risk

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Family safety and mobility app.

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Geo-location  platform –unlocking  the power of places

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New generation  rural intelligence

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Siri for business  intelligence

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Property inspections & maintenance

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Maximising real  estate agents’ lead  conversion & reach

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Computer vision & predictive analytics to determine physical property characteristics

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

OUR TYPICAL 
INVESTMENT PROCESS

Each investment is different, but generally our process will look something like the below:

WHO WE ARE

Scott Gunther

General Partner

Mike Dovey

General Partner

Mark Baragwanath

General Partner

WANT TO REACH OUT TO US?

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