IAG Firemark Ventures is the corporate venture capital arm of Insurance Australia Group (IAG), Australia and New Zealand's largest general insurer. It invests in and partners with startups to transform the future of insurance delivery, focusing on insurtech, AI, climate tech, and frontier technologies.
36% of their portfolio is in AI. They made 1 investment in the last 12 months. Average disclosed round size is $18.9M (across 10 rounds with reported amounts).
Portfolio
7
Fund Size
$75M
Top Stage
Series A
Last 12 Mo
1
Team
AC
Aisling Clarke
Principal, Investments & Portfolio Management
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Adaptive Insurance | Seed | $5M | Jul 2026 |
| Adaptive Insurance | Unknown | $5M | Jan 2026 |
| QQuantiful | Seed | $2.5M | Oct 2021 |
 UpGuard | Series C | $75M | Jan 2021 |
 Arturo | Series A | $8M | Apr 2020 |
| UpGuard | Series B | $19M | Jan 2016 |
| HHyper Anna | Series A | $16M | — |
| Arturo | Series B | $25M | — |
| AagPay | Series A | — | — |
 Arturo | Series B | $25M | — |
| Arturo | Series A | $8M | — |
Top Co-Investors
Crosslink Capital4 shared
Atlantic Bridge3 shared
Connecticut Innovations2 shared
Congruent Ventures2 shared
Seraphim Space2 shared
500 Global2 shared
August Capital2 shared
Square Peg Capital2 shared
Pelion Venture Partners2 shared
AirTree1 shared
HongShan1 shared
Reinventure Group1 shared
GG11 shared
K1W11 shared
e2vc1 shared
Springcoast Partners1 shared
Last updated: 20 October 2026