Annexus Ventures is the venture capital arm of Annexus Retirement Solutions, focused on making early investments in InsurTech, FinTech and software startups. It offers a wealth of financial industry expertise, mature business networks and capital support to further enhance and accelerate early stage insurance and financial services technology companies.
Specifically, Annexus Ventures supports startups throughout each phase of the investment cycle from access to insurers, investment banks, wirehouses, brokers and technology providers to gain adoption and acceptance.
According to Don Dady, director of Annexes Ventures: “Annexus Ventures seeks partnerships with next generation InsurTech and fintech business leaders. Our approach is to focus on business solutions and technologies that will significantly impact and improve the future of the financial services industry.”
Another Annexus director, Ron Shurts added that: “Our leadership team understands that commitment to our technology partners goes beyond the initial capital infusion and first phases of expansion.”
Examples of Annexus’s determination to catalyse new models and services that it can further develop are two new investments in Michigan-based developer RepPro, that automates the completion of online forms and Chicago-based RetireUp, which uses technology to provide investment and asset management advise and planning solutions to its customers.
Ultimately, Annexus Ventures will compete with other corporate venture arms by highlighting its specific strengths within retirement planning and insurance solutions in the OAP segment.