
American Family Ventures
6000 American Parkway, Madison, WI, 53783, United States
Overview
American Family Ventures invests in early-stage startups that are redefining the future of the insurance industry. Founded in 2013, AFV aims to help create category-leading companies through minority equity positions, active partnership and collaboration, an extensive InsurTech network, and a comprehensive platform of value-add programs. AFV typically invests in Seed to Series B rounds, with initial checks ranging from $500k to $5m.
- Total investments
- 64
- Lead investments
- 19
- Investments · 12mo
- 5
- Active investors
- 7
Sector focus
- Finance
- Venture Capital
Investment portfolio
- Comeryx
Participated · Seed · Feb 2026
Comeryx is an AI-native, digital MGA that uses advanced automation and data-driven underwriting to serve the excess & surplus (E&S) insurance needs of small-business artisan contractors. Its platform streamlines quoting, binding, and servicing, aiming to lower acquisition costs and improve loss ratios relative to traditional carriers. The company targets an addressable market of more than 500,000 U.S. artisan contracting firms with under $10 million in annual revenue, positioning itself as a focused specialist in an underserved niche. Headquartered in Denver, Colorado, Comeryx is led by CEO Dax Craig (formerly Pie Insurance and Valen Analytics) alongside seasoned insurtech, engineering, analytics, and underwriting executives. The business plans to invest heavily in AI model refinement, geographic expansion, and product breadth as it scales. Although no premium-written or revenue figures were disclosed, the recent seed financing provides the runway needed to grow its book and validate underwriting performance. Future priorities include building distribution partnerships and extending coverage classes to capture a larger share of the small-business E&S market.
- Qumis
Participated · Seed · Feb 2026
Qumis develops a Chicago-based software platform that blends proprietary document processing with multi-stage legal reasoning, producing source-linked citations, reasoning chains, and confidence signals for every answer. Insurance professionals use the system to analyze complex policy towers, spot coverage gaps, compare quotes and endorsements side-by-side, support claims positions, and surface market trends across their books of business. The product also lets firms centralize institutional knowledge within a secure document vault. CEO Dan Schuleman is expanding the company’s go-to-market organization and enhancing product capabilities to meet growing demand from large brokers, carriers, and coverage-focused law firms. The business has attracted customers by promising trustworthy, verifiable outputs that reduce manual legal review. Following its latest financing, Qumis has raised a total of $6.75 million to date, providing capital to scale sales efforts and deepen its AI functionality.
- Chamber Cardio
Participated · Series A · Feb 2026
Chamber Cardio is building the infrastructure needed for cardiologists to thrive under value-based care contracts. Its workflow-native platform ingests cardiology data and uses artificial intelligence to flag high-risk patients, identify gaps in guideline-directed therapy, and cut down on manual chart review. These insights are paired with operational support aimed at reducing preventable complications and hospital utilization while improving patient experience and giving payers clearer visibility into total cost of care. The company already partners with multiple health plans and works with more than 500 cardiologists across seven states. Fresh capital will be deployed to deepen health-plan and practice partnerships, enter additional markets, and grow Chamber’s clinical, operational, and technology teams. Following its $60 million Series A, backed by leading health-tech investors, Chamber is positioned to accelerate national expansion in a market where cardiovascular disease remains one of the largest drivers of U.S. healthcare spending.
- Pathwork
Participated · Seed · Sep 2025
Pathwork is an AI-native autonomous distribution platform purpose-built to modernize life and health insurance distribution. It combines predictive and generative AI to automate manual workflows and offers a product suite including Case Underwriter (automates underwriting and carrier matching), Knowledge Assistant (on-demand underwriting and product guidance), and Pre-App Manager (evaluates incoming cases for carriers). Since launching in 2024, Pathwork has analyzed over 10,000 cases, supported more than 65 brokerages and carriers, and helped retain millions in commission payments. The company says its technology speeds quoting and placement, reduces errors and back-and-forth, and improves customer experience for brokers and carriers. Based in San Francisco, Pathwork plans to use new funding to accelerate adoption among brokers and carriers nationwide and expand usage of its AI-driven tools.
- Elysian
Participated · Seed · Sep 2025
Elysian is an AI-native TPA built to modernize complex commercial claims handling by combining AI-orchestrated claims processing with experienced adjusters. The company offers two core products: end-to-end claims handling and Dynamic Claim Review (DCR), both supported by proprietary multimodal AI-agent orchestration, purpose-built machine learning, statistical optimization, and autonomous decision systems. Elysian’s platform surfaces coverage and liability insights, drafts tailored communications, and delegates the ‘‘messy middle’’ to AI so adjusters can focus on human decisions. Grace Hanson, founder and CEO, brings legal expertise and senior claims leadership from roles including Chief Claims Officer at Allied World, Homesite Insurance, Hiscox, and Hippo Insurance. The company plans to use new capital to accelerate go-to-market efforts, support customer onboarding, and scale delivery operations and its technology platform. Elysian is headquartered in Nashville, Tenn.