MTech Capital
312 Arizona Avenue, Santa Monica, CA, 90401, United States
Overview
MTech Capital is a venture capital firm with offices in Santa Monica and London investing in technology companies operating in the insurance industry. We define the insurance sector broadly to encompass all of the businesses that insurance companies are in, including asset management, wealth management and other financial services. We look for founders with the vision and ambition to change the insurance industry using technology. We invest across all stages and our primary focus is in North America and Europe.
- Total investments
- 32
- Lead investments
- 7
- Investments · 12mo
- 4
- Active investors
- 7
Sector focus
- Financial Services
- InsurTech
- Venture Capital
Investment portfolio
- Finovox
Participated · Series A · Jun 2026
Finovox develops solutions that verify the authenticity of documents submitted by customers to insurers, lenders and other financial institutions. Its technology is already used in around fifteen countries. The company reported it tripled its revenue in 2025, indicating rapid recent growth. Finovox intends to use the new funding to accelerate the fight against document fraud across Europe. The startup was founded by Marc De Beaucorps, Théophile de Bouët du Portal and Pierre-Alexis Gouzien. The company operates from France and serves clients in the insurance and financial sectors.
- Qumis
Led · 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.
- Pasito
Participated · Series A · Feb 2026
Pasito has built agentic AI infrastructure that turns unstructured plan and employee census data into a unified data layer, replacing manual, error-prone processes across the benefits lifecycle. Its core AI agents achieve 98% accuracy in plan construction—well above the 74% industry average—and drive end-to-end automation for quoting, enrollment, support, marketing, and claims. Pre-configured engagement agents can instantly produce benefits guides, plan comparisons, personalized recommendations, and omnichannel communications, compressing weeks of work into minutes. The platform is already used by carriers such as Reliance Matrix and New York Life and consultants like OneDigital, reaching thousands of employers. Over the past year, Pasito scaled ARR 50×, signaling strong product-market fit and rapid revenue growth. With fresh capital, the company plans to expand engineering to cover more product lines, grow forward-deployed teams to build custom AI workflows, and broaden sales and marketing. Longer-term, Pasito intends to let clients build proprietary agents, launch white-labeled experiences, and extend automation across the entire benefits lifecycle.
- Curvestone AI
Led · Seed · Dec 2025
Curvestone AI builds a platform that keeps large language model–powered workflows consistently accurate across multiple steps, solving the compounding-error problem that plagues AI use in regulated sectors. Its technology is model-agnostic and plugs into existing CRMs, document management systems, and loan-origination software without forcing clients to alter their workflows. Operations teams can configure and update processes through a no-code interface, enabling rapid adaptation to evolving regulations. The company already serves law firms and financial-services providers including Stephenson Harwood, Browne Jacobson, Walker Morris, and Pivotal Growth, and is now moving into the insurance market. Clients report that Curvestone’s approach sustains accuracy levels above 98 % in complex, multi-step tasks where traditional AI solutions can drop to 30–40 %. With fresh capital in hand, management intends to expand its library of validated workflows and double down on product development while scaling go-to-market efforts. No revenue or user counts were disclosed, but the team positions itself as the “reliable automation layer” for agentic AI across regulated industries.
- Voxel
Participated · Series B · Jun 2025
Voxel develops a site-visibility platform that analyzes footage from customers’ existing cameras to detect safety hazards, risky behaviors, and operational bottlenecks in warehouses, manufacturing plants, distribution centers and other industrial settings. The system converts raw video into actionable alerts and analytics, enabling companies to intervene before accidents occur and to quantify return on safety investments. Following its recent Series B financing, Voxel is focused on scaling globally and deepening product capabilities through strategic partners such as Ericsson. The company is actively hiring across all business units to support this expansion. Financially, Voxel has raised a cumulative $64 million in venture funding, including a $44 million Series B completed earlier in 2025. No revenue or user metrics were disclosed in the article, but management highlights “tangible results” and “immediate ROI” for customers. The firm’s headquarters are in San Francisco.