Tuesday, July 10, 2018

MTech Capital Raises $75M Insurance Technology Fund

Los Angeles- and London-based MTech Capital, a brand new venture capital fund focused on the insurance technology, or "InsureTech" market, says it has raised a new, $75M venture capital fund. According to MTech Capital, the new fund has three anchor investors, including CNA Financial Corporation, NN Group, and a top-3 global insurance company. MTech Capital says that its founders are Kevin McLoughlin and Brian McLoughlin, and that it is focused on technology-enabled investment opportunities with potential to transform the insurance industry.

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