Led · Equity · Mar 2026

Cambridge Mobile Telematics operates a vertically integrated telematics platform that applies AI to driving data from smartphones, IoT devices, and connected vehicles to detect crashes, assess risk, and score driver behavior. Its DriveWell Atlas AI models and Universal Driving Score are central products used to provide real-time crash detection and personalized feedback. The company supplies technology for major programs such as State Farm’s Drive Safe & Save and has customer relationships with insurers including State Farm and Allianz. CMT reports its platform has helped prevent an estimated 100,000 crashes across 25 countries. With the new strategic funding and commercial agreements with Allianz Group entities, CMT plans to scale its global road safety platform and accelerate adoption of its scoring and AI models. The company is led by co-founder and CEO William V. Powers and is based in Cambridge, MA.

Participated · Series D · Jan 2026

WeLab provides consumer financing, digital banking services, and technology solutions underpinned by proprietary risk-management technology, privacy computing techniques, and AI capabilities. The company operates across Hong Kong, Mainland China, and Indonesia, running two licensed digital banks—WeLab Bank in Hong Kong and Bank Saqu in Indonesia—and claims WeLab Bank is the territory’s largest digital bank by revenue. WeLab’s ecosystem reaches over 70 million individual users and more than 700 enterprise clients. With a recently announced AI-first strategic partnership with Google, the firm intends to develop AI agents, drive hyper-personalization, and modernize its marketing to boost engagement and efficiency. Proceeds from its latest financing will fund accelerated expansion in Southeast Asia, broaden its product suite, and support platform upgrades and strategic M&A. Management highlights the company’s scale and operational experience as a foundation for becoming a leading regional digital bank in Asia.

Led · Series E · Nov 2024

Ualá operates as a digital bank and fintech that serves retail customers across Latin America, reporting 11 million customers with the majority in Argentina. The company provides banking services and has been expanding its product set in new markets, including offering access to U.S. stocks and ETFs. Ualá is navigating a recent tougher credit cycle in Argentina, where rising defaults followed rapid loan growth and higher interest rates, and expects Argentine operations to return to breakeven as credit quality improves. It is pursuing geographic expansion into Mexico and Colombia, taking a cautious lending approach in Mexico while adding new products. The financing announced in March and participation from investors is intended to strengthen Ualá's balance sheet and support that regional growth strategy.

Led · Series A · Feb 2024

AlTi Global is a global independent wealth manager and alternatives platform focused on ultra-high-net-worth (UHNW) clients and strategic alternatives. The firm manages approximately $68 billion in combined assets. Its core offering combines a global multi-family office model with alternatives capabilities to serve UHNW clients more holistically. AlTi plans to use the new capital principally to fund its mergers and acquisitions pipeline and to support organic growth initiatives. The company intends to expand the scale and reach of its UHNW wealth management and strategic alternatives business in existing and new markets. The strategic partnership with Allianz X and Constellation Wealth Capital is positioned to leverage their industry expertise and relationships to unlock new opportunities and solutions for clients.

Participated · Equity · Nov 2023

Next Insurance is a Palo Alto, CA–based, technology-first insurer focused on small businesses. It offers easy-to-buy policies with 24/7 access to live certificates of insurance and additional insured endorsements, using AI and machine learning to streamline purchasing and reduce costs. Its products are used by over 500,000 business owners. The company raised $265M in funding to accelerate its path to profitability and expand distribution nationwide. As part of the transaction, Next entered partnerships with The Allstate Corporation and Allianz X and will provide its products to Allstate customers. NEXT and Allstate will co-develop innovative and commercial auto products targeting a market of 33 million small businesses, and the deal with Allianz Re includes a multi-year commitment that bolsters Next’s reinsurance relationship. The company is led by CEO Guy Goldstein. Next Insurance sells small-business coverage across categories such as workers’ comp, commercial auto and general liability for many classes of workers (for example, fitness businesses and construction). The company’s product and pricing approach aims to scale gross written premium (GWP) quickly by attracting many small businesses and upselling them to additional products over time. Next has made acquisitions recently, including Juniper Labs in December and AP Intego more recently, the latter having about $185 million in active premium at announcement. Next reported its GWP run rate was $100 million in February 2020 and $200 million in February 2021, and the company says its GWP doubled in the half-year after its last round; it is now north of that $200 million run rate. The firm’s valuation doubled to $4 billion with the new raise. CEO Guy Goldstein said the company is “always evaluating our options” regarding public-market paths but that the main focus remains on growing the business. Next Insurance is a three-year-old U.S.-based firm that sells insurance products to small and micro businesses. It offers a range of products including general liability, professional liability and commercial auto. The company serves more than 70,000 customers across over 1,000 unique types of businesses in the U.S., which is its only market. Next aims to be a one-stop insurance shop for micro and small business needs and targets sectors often overlooked by general insurers. Management says it will use the fresh capital to build new products and expand customer initiatives. Prior to the new round the company had raised $381 million; the latest financing valued Next at more than $1 billion. Founded in 2016, Next Insurance designs and sells digital general and professional liability insurance tailored to overlooked small-business verticals such as contractors, fitness, cleaning, beauty, therapy, entertainment, and education. The company now operates as a full-service, licensed insurance carrier in the U.S., enabling it to write policies independently and exercise greater control over underwriting, pricing, and policy configuration. Next sells instant, competitively priced policies online and plans to add further lines of insurance, on-demand coverage, and faster claims handling with a goal of paying claims within 48 hours. It intends to develop more sophisticated uses of AI and machine learning to improve the customer experience and streamline purchasing. The company will use the new funding to continue U.S. expansion and to increase headcount in both its Israel and U.S. offices. The Series B signals product-market fit and continued growth after rapid fundraising over the prior two years. Next Insurance builds customized insurance plans and distribution technology aimed at small-business verticals such as personal trainers, photographers, and contractors. It operates as a managing general agent, partnering with insurance carriers who underwrite policies while Next develops and sells its own products and earns commissions on each sale. The company emphasizes simple, transparent online purchasing: customers get quotes after a questionnaire and can buy coverage within minutes, including via a Facebook Messenger chatbot, versus traditional offline agent sales that can take weeks. Next aims to use data, technology and AI to gain deep knowledge of professions and tailor products without hidden fees or exemptions. The startup plans to expand into additional verticals and build its own insurance products using proceeds from its latest fundraise. Its founder notes that the largest incumbents own less than 10 percent of the small-business market, highlighting significant growth potential.