IAG Firemark Ventures

IAG Firemark Ventures is the corporate venture capital arm of Insurance Australia Group (IAG), one of the largest general insurance groups in Australia and New Zealand. Founded in October 2016 and headquartered in Sydney with offices in Surry Hills and Singapore, the fund manages $150 million across two funds of $75 million each. The team includes 13 people with 3 partners and leads rounds primarily at Series A and Series B stages, targeting insurtech and technologies that disrupt the traditional insurance value chain. The firm has made 36 investments across fintech, insurtech, big data, cybersecurity, IoT, AI and machine learning, and enterprise applications. Average Series A round size for the portfolio is $8.39 million; Series B averages $17 million. The portfolio has produced one unicorn, two IPOs (Life360, the family safety app, and Airtasker, the task marketplace), and five acquisitions including Demyst (data platform). Recent 2025 investments include NinjaTech AI (AI and machine learning), 7Analytics (geoscience and machine learning for flood and landslide risk assessment), and Near Space Labs (stratospheric balloon aerial imagery). Other portfolio companies include Armilla AI (AI governance). IAG Firemark Ventures operates within the broader Firemark Collective, IAG's innovation ecosystem, giving portfolio companies direct access to one of the Southern Hemisphere's largest insurance distribution networks. The fund invests across Australia, the US, Europe, and Asia-Pacific, providing insurtech and enterprise technology founders with a strategic partner capable of validating products through real insurance use cases and facilitating enterprise customer introductions across IAG's business units.