About Munich Re Ventures
Munich Re Ventures is a venture capital firm founded in 2015. It is primarily based out of San Francisco, United States. As of Feb 2025, Munich Re Ventures has invested in 29 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series C round of HDVI Overall, Munich Re Ventures portfolio has seen 6 unicorns, 2 IPOs and 8 acquisitions including key companies like ACKO, Babylon and Next Insurance. A lot of funds co-invest with Munich Re Ventures, with names like Aditya Agarwal sharing a substantial percentage of its portfolio. Munich Re Ventures has team of 28 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 4 more
Portfolio Acquisitions
Munich Re Ventures' List of Top Investments
Munich Re Ventures has a portfolio of 29 companies, including 6 unicorns. Their most notable investments are in Super and We Predict.Their portfolio spans across United States, United Kingdom, Germany and 4 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 19 other sectors, across stages such as Series B, Series A and 4 more. Here is the list of top investments by Munich Re Ventures:
1. ACKO
Provider of car, bike, health, life, and travel insurance policies. It offers various insurance options, including motor, health, life, and travel coverage. The company provides services such as policy renewals, claims filing, and tracking. Additional offerings include car services, used car sales, and facilitating ABHA card creation.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹2,890Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $598M
- Employee Count: 1,306 as on Aug 31, 2025
- Investors: Amazon, Multiples Alternate Asset Management and 48 Others
- Latest Funding Round: Series E, Jul 30, 2025, $*****
- Highlight: Editors' Pick
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2. Babylon
Online platform offering healthcare services. It provides consultations with doctors for monitoring and diagnostics of various diseases. Users can also book an appointment for their treatment and it delivers a prescription for medications. Users can access symptom checkers and health checks by using an app.
Key facts about Babylon
- Founded Year: 2013
- Location: London (United Kingdom)
- Annual Revenue: $1.11B as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $735M
- Employee Count: 31 as on Apr 30, 2026
- Investors: Public Investment Fund, Kinnevik and 11 Others
- Latest Funding Round: Post IPO, Oct 17, 2022, $*****
- Highlight: Public
Provider of online small business insurance policies. It offers various coverages, including general liability, workers' compensation, commercial property, and professional liability insurance. Policies are tailored to different business types and professions. The company provides online quotes and instant access to certificates of insurance. Claims adjudication is handled in-house for faster processing. The platform uses AI-based technology to streamline the process and provide efficient service.
Key facts about Next Insurance
- Founded Year: 2016
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.12B
- Employee Count: 716 as on Dec 02, 2025
- Investors: Founders Circle Capital, TLV Partners and 26 Others
- Latest Funding Round: Series E, Oct 02, 2023, $*****
- Highlight: Acquired
4. Hippo
Online platform for homeowners insurance. It includes coverage for house cleaners, babysitters, and more. It also offers quotes for home content inventories including water backup, protection for the gas, water & sewer connections, computers & home office equipment, and more. It also offers claims processing solutions.
Key facts about Hippo
- Founded Year: 2015
- Location: Palo Alto (United States)
- Stage: Public
- Total Funding till date: $709M
- Employee Count: 775 as on Apr 30, 2026
- Investors: Lennar, Reinvent Capital and 64 Others
- Latest Funding Round: Series F, Nov 24, 2020, $*****
- Highlight: Public
5. Forge Global
Investment platform for private equities. It is a private market investment platform for shareholders, investors, companies, and institutions. It is a marketplace for angel investors, accredited investors, asset managers, venture capitalists, wealth managers, and family offices. It also offers the liquidity, administration, and buyback solutions to startups and other private companies.
Key facts about Forge Global
- Founded Year: 2014
- Location: San Francisco (United States)
- Annual Revenue: $79.3M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $250M
- Employee Count: 393 as on Apr 30, 2026
- Investors: Temasek, LUN Partners Group and 24 Others
- Latest Funding Round: Series C, May 04, 2021, $*****
- Highlight: Acquired
Munich Re Ventures' Year-on-Year Investment Trends
Munich Re Ventures has invested in 31 companies over the last 11 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Stoïk and most recent follow-on round was in HDVI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 0 | 1 | 1 |
2021 | 1 | 6 | 7 |
2020 | 5 | 2 | 7 |
2019 | 3 | 5 | 8 |
2018 | 5 | 2 | 7 |
2017 | 5 | 0 | 5 |
Munich Re Ventures' Investments by Stage
Munich Re Ventures has made 10 investments in Series B stage with an average round size of $23.8M, 8 investments in Series A stage with an average round size of $20.8M and 2 investments in Seed stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Series B | 10 |
Series A | 8 |
Seed | 2 |
Series C | 2 |
Series D | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Munich Re Ventures' Investments by Sector
Munich Re Ventures has a diverse portfolio, with companies operating in the FinTech, High Tech, InsurTech, Enterprise Applications and Consumer. Notably, it has invested in 27 Tech companies, 18 Enterprise (B2B) companies, 14 Software companies and at least 13 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 14 |
High Tech | 13 |
InsurTech | 11 |
Enterprise Applications | 9 |
Consumer | 7 |
Others | 48 |
Note: We have considered here, only first round of investments
Munich Re Ventures' Investments by Geography
Munich Re Ventures has made most investments in United States (18), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 18 |
Germany | 2 |
United Kingdom | 2 |
Canada | 1 |
France | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Munich Re Ventures' recent investments
Munich Re Ventures has not made any investment in 2026 so far.Here are the most recent investments by Munich Re Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 12, 2025 | United States | Series C | 8506 | [+2] | |
Oct 14, 2024 | France | Series B | 5260 | [+4] | |
May 23, 2023 | United States | Series A | 3932 | [+3] | |
Mar 08, 2023 | United States | Series A | 3458 | [+3] | |
Feb 18, 2022 | United States | Series D | 8295 | [+15] |
Unicorns in Munich Re Ventures' Portfolio
Munich Re Ventures has 6 unicorns in its portfolio - Helium, ACKO, Augury and others. The most recent unicorn in their portfolio is Helium. It became a unicorn in 2022, 5 years after Munich Re Ventures first invested in it.Here is a list of unicorns in Munich Re Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Hardware mining solutions for cryptocurrency | 2006 | San Francisco | Series D | lgpajhd | ||
85 | Provider of car, bike, health, life, and travel insurance policies | 2016 | Bengaluru | Series E | cpilfqe | ||
66 | Provider of IoT and cloud-based machine analytics and predictive maintenance solutions | 2012 | New York City | Series F | tvprgim | ||
65 | Online cyber insurance platform for businesses | 2016 | Mountain View | Series D | hsownbi | ||
52 | Provider of cloud-based platform for pet insurance | 2012 | London | Series D | bkgxgdd |
IPOs and Publicly Listed companies in Munich Re Ventures' Portfolio
2 of Munich Re Ventures' portfolio companies have become public. Babylon got listed on the New York Stock Exchange (NYSE), in Oct 2021 at marketcap of undefined and Hippo got listed on the New York Stock Exchange (NYSE).Here are Munich Re Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 22, 2021 | Aug 01, 2019 | Series C | 6714 | |
Jan 15, 2021 | Nov 14, 2018 | Series C | 4267 |
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Acquired companies in Munich Re Ventures' Portfolio
8 companies from Munich Re Ventures' portfolio have been acquired. The most recent acquisition was Forge Global in Nov 2025 by Charles Schwab for $*****.Here are Munich Re Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 06, 2025 | Jan 30, 2019 | Series B | 5682 | |
Mar 20, 2025 | Mar 24, 2017 | Series A | 3391 | |
Aug 10, 2023 | - | - | 9054 | |
Jun 08, 2022 | Nov 08, 2017 | Series A | 7483 | |
Feb 23, 2022 | Apr 06, 2017 | Series D | 6660 |
Team profile of Munich Re Ventures
Munich Re Ventures has a team of 28 members including 2 Partners and 11 Principals located in United States. Munich Re Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Munich Re Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | Hartford | - | ||
Principal | Suffield | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - |
Co-investors of Munich Re Ventures
Over the past 11 years, 330 investors have co-invested in Munich Re Ventures's portfolio companies. This includes funds and angels.
- Invested before Munich Re Ventures: Anthemis Group, Khosla Ventures and 140 others have invested in rounds before Munich Re Ventures. There are 2 companies where Anthemis Group has invested before Munich Re Ventures and 2 companies where Khosla Ventures has invested before Munich Re Ventures.
- Top Co-investors of Munich Re Ventures: 46 investors entered a company along with Munich Re Ventures. These include investors like Aditya Agarwal (1 company).
- Invested after Munich Re Ventures: A total of 142 investors have invested in Munich Re Ventures's portfolio after their investments. Top Investors include Munich Re (8 companies), Qualcomm Ventures (3 companies) and FinTLV (2 companies).
Recent News related to Munich Re Ventures
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HDVI secures $40M for data-driven trucking insuranceFreightWaves•Feb 12, 2025•HDVI, 8VC, Autotech Ventures, Munich Re Ventures and 4 others
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Veir secures $75M to build superconducting tech for AI data centers and power grids, boosting decarbonization.intelligence360•Feb 05, 2025•VEIR, Munich Re Ventures, Galvanize Climate Solutions, Fine Structure Ventures and 5 others
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Spectrum Labs Closes $32M Series B Led by Intel Capital to Put Critical Trust & Safety Technology at the Core of Every Digital InteractionBusiness Wire•Jan 24, 2022•Spectrum Labs, Intel Capital, Munich Re, Gaingels and 10 others
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Munich Re-backed HDVI raises $32.5m for commercial auto insuranceLife Insurance International•Aug 19, 2021•HDVI, Weatherford Capital, Daimler Trucks North America, Munich Re Ventures and 3 others
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At-Bay Closes $185M Series D Round For Cyber Risk InsurancePYMNTS.com•Jul 28, 2021•At-Bay, Icon Ventures, Lightspeed Venture Partners, M12 and 5 others
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Insurtech start-up At-Bay raises $180m at $1.3bn valuationLife Insurance International•Jul 28, 2021•At-Bay, Icon Ventures, Lightspeed Venture Partners, Khosla Ventures and 5 others
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Twelve, Formerly Opus 12, Secures $57 Million in Series A Funding Led by Capricorn and Carbon DirectBusiness Wire•Jul 08, 2021•Twelve, Capricorn, Carbon Direct, DCVC and 4 others
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Bought By Many covers series D with $350mGlobal Corporate Venturing•Jun 02, 2021•Munich Re Ventures, Bought By Many, Munich Re, EQT and 5 others
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Wells Fargo Leads $50 Million Super Series Csvdaily.com•May 19, 2021•Super, Wells Fargo, Aquiline Capital Partners, Liberty Mutual Strategic Ventures and 9 others
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Munich Re to acquire third party administrator GroupHEALTHReinsurance News•Mar 08, 2021•Munich Re, GroupHEALTH, Torys, Munich Re Ventures
