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
Budgeting and planning for personal finances
Online marketplace to outsource everyday tasks
Digital mortgages with fast approval & low costs
ML technology to sense real-time consumer demand
Continuous assessment of cyber risk
Family safety and mobility app.
Geo-location platform –unlocking the power of places
New generation rural intelligence
Siri for business intelligence
Property inspections & maintenance
Maximising real estate agents’ lead conversion & reach
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