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.
40% of their portfolio is in AI. Their most common stage is series-a (40% of deals). Average disclosed round size is $11.8M (across 5 rounds with reported amounts).
Portfolio
3
Fund Size
$75M
Top Stage
Series A
Last 12 Mo
2
Team
AC
Aisling Clarke
Principal, Investments & Portfolio Management
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Adaptive Insurance | Seed | $5M | Jul 2026 |
| Adaptive Insurance | Unknown | $5M | Jan 2026 |
 Arturo | Series A | $8M | Apr 2020 |
| HHyper Anna | Series A | $16M | — |
| Arturo | Series B | $25M | — |
Top Co-Investors
Atlantic Bridge2 shared
Crosslink Capital2 shared
Connecticut Innovations2 shared
Congruent Ventures2 shared
Seraphim Space2 shared
AirTree1 shared
Reinventure Group1 shared
Last updated: 8 September 2026