Distributed Ventures Closes $100M Fund and Plans To Accelerate Growth with Key Leadership Hire

Venture capital firm, Distributed Ventures, has successfully closed its first fund, raising a significant $100 million in total commitments. This marks the company's largest fund to date, attracting a diverse range of investors, including strategic limited partners such as insurance carriers, insurance brokerages, insurance executives, and private family offices. The fund's primary focus will be on early-stage investments in insurtech, healthtech, and fintech startups.

Distributed Ventures aims to discover and invest in the most promising startups in these industries, with a particular emphasis on those that have the potential to positively affect risk. The firm provides capital to late Seed and Series A companies, leveraging its strategic LP base and the team's expertise as former founders, investors, and operators to catalyze growth.

Established as a spin-off from NFP Ventures, Distributed Ventures seeks to support entrepreneurs in demonstrating product-market fit and accelerating commercial traction through diverse distribution channels. This approach ensures that the firm's investments align with the subject matter expertise, market perspectives, and distribution strength of its strategic partners.

Shawn Ellis, Managing Partner at Distributed Ventures, expressed great satisfaction with the fundraising outcome, emphasizing the value they create for founders and the return they generate for limited partners. The raised capital will enable the firm to partner with additional founders and expand its team further.

In line with their growth plans, Distributed Ventures has recently made a key leadership hire, bringing tech community-building veteran Mandy Yoh on board as their Chief of Staff. Yoh's unique background, including early-stage operating experience, venture capital experience, marketing/branding, and community building, makes her an ideal fit for the firm. She will focus on brand growth and expanding investment opportunities, leveraging her decade-long experience in building and scaling integrated marketing and community functions.

Distributed Ventures has already worked with numerous companies across the United States, leading to six successful acquisitions and an IPO within its portfolio. The firm's commitment to operational efficacy and strong relationships between funders and founders sets it apart in the venture capital landscape.

About Distributed Ventures

Distributed Ventures is a venture fund that specializes in Seed to Series A investments in insurtech, digital health and benefits, and fintech. The firm's team, consisting of former founders, investors, and operators, brings deep subject matter expertise and early-stage operational knowledge to support companies from their inception. Distributed Ventures works closely with its strategic limited partners, who provide distribution support, human capital expertise, and leverage existing products and data to accelerate growth. Notable investments in the firm's portfolio include Indio Technologies (acquired by Applied Systems), Armadillo, Kindbody, Tuned, and Wingspan. For more information, visit distributedvc.com.

In conclusion, Distributed Ventures has closed a $100 million fund and is poised for accelerated growth. With a focus on insurtech, healthtech, and fintech startups, the firm aims to invest in companies that can positively impact risk in their respective industries. The addition of Mandy Yoh as Chief of Staff brings valuable expertise in marketing, branding, and community building, which will contribute to the firm's continued success. With a track record of successful acquisitions and an IPO within its portfolio, Distributed Ventures is well-positioned to make a significant impact in the venture capital landscape.