• Apollo Insurance

  Led · Equity · May 2024

  APOLLO Insurance operates a digital insurance platform that integrates insurance products into property-management, proptech, and broker workflows. The company recently launched FinShore, a buy-now-pay-later subsidiary that provides fully embedded monthly payment options for insured customers, targeting renters. FinShore is positioned to support APOLLO's network of insurance broker partners who transact on the APOLLO platform. APOLLO says FinShore will serve more than 100,000 Canadians and expand its embedded finance offerings. Notable commercial partners named in the articles include QuadReal, InterRent, and Yardi Systems. The company is based in Vancouver, British Columbia, and is reported to have 51–200 employees. The articles report a recent C$18.5M financing led by Fair Capital Partners and Innovation Federal Credit Union, and list total raised as $13.57M. APOLLO operates a proprietary all-digital insurance platform that enables broker partners and customers to quote, pay for, and immediately issue policies without human intervention. The platform leverages extensive data and intelligent algorithms to underwrite thousands of types of policies for small businesses and individuals and serves all Canadian provinces except Québec. APOLLO has a distribution network of more than 6,000 independent Canadian brokers and over 150 group partners and maintains underwriting relationships with Lloyd’s of London, Trisura Guarantee, and Liberty Mutual. Launched in 2019, the company has raised prior financing, including a Series A of CAD $13.5 million in January 2021 led by Gravitas Securities. The announced Series B strategic financing with Definity Financial is intended to accelerate APOLLO’s online insurance platform and broaden its commercial coverage offerings through a distribution partnership. RBC Capital Markets and law firm Blake, Cassels & Graydon advised APOLLO on the transaction. Apollo Insurance Solutions, founded in 2017 and based in Vancouver, launched its APOLLO Exchange platform in 2019 to transact insurance business in real time. The platform leverages data and algorithms to quote, collect payment, create and deliver policies and gives brokers access to multiple insurance products across more than 500 classes of business. Apollo says the platform can free up to 45 percent of brokers' time from administrative tasks and was built to help brokers close deals faster, reduce costs, and increase revenues. The company expanded into the U.S. in September 2019 with a liability insurance product for educators in California. Apollo closed an oversubscribed CAD $13.5 million Series A in December 2020—CAD $9.5 million over its original CAD $4 million target—with the round conducted entirely in equity. Gravitas Securities Inc. led the financing, and Trisura Group Ltd. and Liberty Mutual Insurance participated. The company previously raised a CAD $1 million angel round in April 2019 and is listed on the TSXV as APLO Reserved. In November the company appointed Tracey Swain as CFO and added Marco Andolfatto as chief underwriting officer. Apollo Insurance Solutions operates the Apollo Exchange, an e-commerce marketplace that enables brokers and small-business clients in Canada to instantly quote, purchase, and issue insurance products online. In June 2019 the company launched an industry-first monthly small-business insurance subscription available through the platform. Apollo digitizes the application, quoting, payment and policy-issuance process, reducing a typical six-week workflow to under five minutes and freeing up to 45% of brokers' administrative time. Since completing beta on April 1, 2019, the marketplace has attracted over 300 registered individual broker users, transacted 800 small-business policies, and processed more than 3,600 digital insurance applications. Headquartered in Vancouver's Gastown and led by co-founder and CEO Jeff McCann, the leadership team includes co-founders David Dyck (Editor in Chief) and Justin Hamade (CTO) and Head of Broker Engagement Margo Lyons. The platform provides access to multiple insurance providers across over 500 classes of business and is positioned to streamline broker workflows and improve small-business access to coverage.

• ECO Group

  Participated · Series A · Jul 2023

  ECO Group operates a German B2B platform carrying sustainable beauty and household brands, including Naiked, Hydrophil, Daily Good and Herbalind. The company was founded in 2022 by Thomas Nehfischer and Christoph Schwerdtle, both formerly at Proctor & Gamble. ECO Group says it is building a hub for innovative, sustainable brands and plans to scale up its platform and product range for consumers. To support that growth it has raised a €7.5 million Series A. Management highlights investor alignment around maximising positive environmental and social impact. The company has also acquired a majority stake in cosmetics company JM Nature GmbH as part of its expansion activity.

• HeatTransformers

  Participated · Series A · Apr 2023

  HeatTransformers operates a platform that guides consumers through heat pump adoption—linking producers, installers and energy partners and supporting installation, maintenance, online monitoring and system optimization. The company has secured partnerships with global energy firms and manufacturers including Engie, Bosch and BDR Thermea Group, plus dozens of local and national installers. HeatTransformers says heat pumps offer an unmatched CO2 reduction per dollar invested and built the business beginning in 2018 to address uneven global adoption. The firm cites growing market momentum—European heat pump sales rose almost 38% last year, replacing roughly 4 billion cubic meters of natural gas and avoiding about 8 million tons of CO2—and regulatory pressure such as the Netherlands' planned boiler ban by 2026. HeatTransformers plans to use new capital to cement its market-leading position in the Netherlands, expand into markets like Germany and the U.K., build teams, further develop its tech platform and deepen partnerships with suppliers, energy companies and installers.

No current team members are available.