OUR MISSION

We bring the outside world in, by strategically partnering and investing with startups to transform how we deliver insurance.

We invest, we connect the startup with the corporate, and we create mutual commercial value.

OUR MISSION

We bring the outside world in, by strategically partnering and investing with startups to transform how we deliver insurance.

We invest, we connect the startup with the corporate, and we create mutual commercial value.

Overview of Firemark Ventures

2016

Fund establishment year

28

Portfolio Companies

$170m

Funds under management

08

Exits

62

Number of Investments

26

Commercial Agreements between Portfolio Companies and IAG

03

Fund of funds investments

Overview of Firemark Ventures

2016

Fund establishment year

28

Portfolio Companies

$170m

Funds under management

08

Exits

62

Number of Investments

26

Commercial Agreements between Portfolio Companies and IAG

03

Fund of funds investments

Main Fund Investment approach

We invest in Seed to Series B stage companies.

Our typical cheque size ranges from A$1m-5m.

We back companies that accelerate innovation in insurance and adjacent sectors aligned to IAG’s strategic priorities.

Typically co-invest alongside other venture investors, rather than lead rounds.

Early Stage Fund (ESF) Investment approach

We invest in Pre-seed and Seed-stage companies.

Our typical cheque size is A$250k.

We focus on frontier technologies with the potential to reshape insurance.

We provide broad maturity coverage, with the capacity to continue investing through later stages from our Main Fund.

Fund of Funds

We invested in 3 funds of fund across Mobility, AI and Climate

Designed to enhance and accelerate the existing investment strategy of Firemark Ventures by identifying aligned partners to help source deal flow, share insights and provide other strategic value in priority focus areas.

Why Firemark Ventures

Direct access to ANZ’s leading general insurer (12b+ annual revenue with 8.5m+ customers)

  • Key IAG stakeholders are identified through the investment process
  • Commitment from IAG to explore strategic options through an MOU
  • Direct visibility with IAG’s C-suite through our investment committee

Portfolio services and support from our technical team and global insurance networks

  • Ventures team members support the test and scale of strategic opportunities
  • Access to our technical team to ensure enterprise readiness
  • Opportunities to connect with our global network of insurance VCs/CVCs

Proven track record of supporting founders

  • With 30+ follow-on investment deals, we continue to back our portfolio companies
  • We relentlessly pursue opportunities between IAG and our portfolio companies – with 26 and counting individual commercial agreements in place
  • Flexible investment amount deployed from a separate corporate structure
  • Not subject to arbitrary deployment or distribution timelines

HEAR FROM SOME OF THE FOUNDERS WE HAVE SUPPORTED

Success Stories

“Tiimely now powers the digital lending offering of some of Australia’s largest banks and most iconic brands. Our evolution into the Platform Technology company that enables the industry wouldn’t have been possible without our partnership with IAG Firemark Ventures.”

“The relationship with IAG has given us firepower in the Asia Pacific markets… meanwhile, Firemark are proactive and the partnership is getting stronger with mentoring programs and a depth of access and transparency always focused on execution.”

“IAG Firemark are much more than an investor. The level of support, on the ground assistance and innovation guidance they have provided ActivePipe on our journey is incredible.”

“Our journey with IAG Firemark Ventures has been nothing short of remarkable. The commitment of the IAG Firemark Ventures team extended beyond their initial engagement, ensuring that our collaborative efforts with IAG’s business leaders progresses smoothly. With the support of IAG’s business team, we are not only exploring fresh ideas but also swiftly securing business sponsors for them. This partnership with IAG Firemark Ventures is a great example of how strategic collaboration can accelerate growth, innovation, and market impact.”

“Tiimely now powers the digital lending offering of some of Australia’s largest banks and most iconic brands. Our evolution into the Platform Technology company that enables the industry wouldn’t have been possible without our partnership with IAG Firemark Ventures.”

“The relationship with IAG has given us firepower in the Asia Pacific markets… meanwhile, Firemark are proactive and the partnership is getting stronger with mentoring programs and a depth of access and transparency always focused on execution.”

“IAG Firemark are much more than an investor. The level of support, on the ground assistance and innovation guidance they have provided ActivePipe on our journey is incredible.”

“Our journey with IAG Firemark Ventures has been nothing short of remarkable. The commitment of the IAG Firemark Ventures team extended beyond their initial engagement, ensuring that our collaborative efforts with IAG’s business leaders progresses smoothly. With the support of IAG’s business team, we are not only exploring fresh ideas but also swiftly securing business sponsors for them. This partnership with IAG Firemark Ventures is a great example of how strategic collaboration can accelerate growth, innovation, and market impact.”