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
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
