Loading organizations...
Loading organizations...
IA Capital Group operates as a New York-based private investment firm, managing the Inter-Atlantic funds. It specializes in investing in financial and insurance technology companies across North America, from Seed to Series B. The firm deploys capital to innovative ventures within these specialized, high-growth technology markets, providing strategic support and guidance to its portfolio.
With a track record spanning over two decades, IA Capital Group was established around 2000. Its formation was driven by an early understanding of transformative potential within financial and insurance technology. This foundational insight positioned the firm as a dedicated player, focusing its expertise and resources within the evolving fintech and insurtech landscapes.
The firm partners with innovative companies, fostering their development and market expansion. IA Capital Group’s vision focuses on shaping the future of financial services and insurance through strategic capital and active engagement. It aims to build a portfolio of enterprises advancing technological capabilities and redefining industry standards across these critical sectors.
Key people at IA Capital Group.
IA Capital Group is a New York–based private investment firm and manager of the Inter-Atlantic funds, focused on building the future of financial services and insurance through venture capital. Its mission is to partner with innovative entrepreneurs who are transforming fintech and insurtech, particularly those serving underserved individuals and small businesses. The firm emphasizes both strong financial returns and strategic impact, leveraging deep ties to the insurance industry to create value beyond capital.
IA Capital’s investment philosophy centers on early-stage, specialist bets in fintech and insurtech across North America, typically from Seed through Series B. It targets companies in payments and financial infrastructure, property & casualty insurtech, life & health insurtech, lending, capital markets, and wealth/retirement technology. With over two decades of experience and a top-decile track record, IA Capital has become a key enabler in the insurtech ecosystem, backing companies that drive financial empowerment while maintaining a strong commitment to diversity, inclusion, and responsible investing.
---
Founded in 1992, IA Capital Group began as a specialized investment vehicle focused on the intersection of finance and insurance long before “insurtech” became a widely recognized category. Over time, it evolved into a dedicated venture capital platform managing the Inter-Atlantic funds, positioning itself as one of the earliest and longest-standing investors in fintech and insurtech in North America.
The firm’s strategy was shaped by its unique limited partner base: more than 20 insurance companies—including P&C, life, and health insurers—who use IA Capital’s platform for strategic venture exposure. This alignment allowed IA Capital to build deep domain expertise and an unparalleled network across the insurance value chain. Under the leadership of Managing Partner Andy Lerner and a team with extensive experience in venture capital and financial services, the firm has raised multiple funds and is now investing from its 10th venture vehicle, solidifying its role as a specialist anchor in the fintech/insurtech landscape.
---
Specialist Focus with Deep Domain Expertise- One of the few VC firms with a 25+ year track record exclusively in fintech and insurtech.- Deep understanding of regulatory, distribution, and underwriting dynamics in insurance and financial services.- Focus on North American markets with a clear thesis around digitization of legacy systems.
Strategic Limited Partner Network- Over 22 insurance companies as LPs, giving portfolio companies access to potential customers, distribution channels, and industry insights.- Acts as a bridge between startups and incumbent insurers, accelerating pilot programs, partnerships, and commercial traction.- Unique position as a “strategic VC” that aligns financial returns with ecosystem development.
Proven Track Record & Portfolio Quality- Top-decile historical returns across its fund history, with multiple successful exits.- Backed notable companies like Marqeta (card issuing platform), SmartAsset (financial advice), Credit Sesame (consumer credit), and NetSpend (prepaid cards).- Strong focus on companies that enable financial empowerment for underbanked populations and small businesses.
Commitment to Diversity & Responsible Investing- Over 33% of investments in companies led by underrepresented founders; Black and Latinx founders represent 14% of the portfolio vs. ~2% industry average.- Avoids energy-intensive sectors like crypto mining while supporting climate-focused innovators (e.g., Delos, reThought).- Insurtech funds reviewed under California’s COIN program for positive social and environmental impact.
Hands-On Operating Support- Provides portfolio companies with access to insurance industry relationships, go-to-market strategy, compliance guidance, and follow-on capital.- Team includes operators and investors with direct experience in scaling financial services businesses.
---
IA Capital Group sits at the convergence of three powerful trends: the digitization of financial services, the modernization of insurance, and the rise of financial inclusion. As legacy banks and insurers face pressure to innovate, IA Capital plays a critical role in identifying and scaling the next generation of infrastructure and customer-facing platforms that will define the future of money and risk management.
Its focus on underserved markets—immigrants, gig workers, small businesses, and first-time homeowners—aligns with a broader shift toward inclusive fintech and embedded insurance. By backing companies that lower barriers to access (e.g., alternative credit scoring, digital insurance distribution, low-cost banking), IA Capital helps shape a more equitable financial system.
Moreover, the firm benefits from structural tailwinds: rising insurance premiums, increasing demand for parametric and usage-based products, regulatory openness to innovation (especially in health and P&C), and the growing appetite among insurers for external innovation. In this context, IA Capital isn’t just a capital provider—it’s a connector, validator, and amplifier for startups navigating complex, regulated industries.
---
IA Capital Group is well-positioned to remain a defining player in fintech and insurtech venture capital. As the 10th Inter-Atlantic fund deploys capital, expect continued emphasis on early-stage companies that sit at the intersection of data, distribution, and risk—particularly those leveraging AI/ML for underwriting, personalization, and operational efficiency.
Looking ahead, the firm’s influence will likely grow in three directions:- Vertical consolidation: Backing category leaders in sub-verticals like small business insurtech, embedded lending, and retirement tech.- Climate and resilience tech: Expanding support for climate-adaptive insurance and sustainable finance solutions, aligning with both LP priorities and societal needs.- Global expansion of North American models: Helping U.S.-based insurtech and fintech innovators scale into new geographies, potentially deepening ties with international insurers.
In a world where specialization increasingly trumps generalism in venture capital, IA Capital’s deep focus, strategic network, and long-term orientation make it a rare and valuable partner for entrepreneurs building the next chapter of financial services. Just as it helped shape the early wave of digital finance and insurtech, it’s poised to do the same for the next era of inclusive, intelligent, and resilient financial infrastructure.
Key people at IA Capital Group.
