Annexus, a Scottsdale, Ariz.-based designer of fixed indexed annuities and indexed universal life insurance, has formed a venture capital firm.
Annexus Ventures will focus on making early-stage investments in InsureTech, FinTech and software startups adding financial industry expertise, business networks and support.
Led by Jim Richards, Don Dady and Ron Shurts, Annexus Ventures intends to make the first strategic announcements in the coming weeks.
It is a closed funding entity.
THE PRESS RELEASE
Annexus Ventures Launches to Accelerate FinTech and InsureTech Innovation
New Venture Capital Firm Sets To Improve Financial Services Technology
SCOTTSDALE, Ariz., November 2, 2016 – Annexus, a leading designer of fixed indexed annuities and indexed universal life insurance, announced the formation of Annexus Ventures, a venture capital firm focused on making early-stage investments in InsureTech, FinTech and software startups. Annexus Ventures delivers a wealth of financial industry expertise, mature business networks and capital support to accelerate promising technology companies.
“Annexus Ventures seeks partnerships with next generation InsureTech and FinTech business leaders,” said Don Dady, Board Director of Annexus Ventures. “Our approach is to focus on business solutions and technologies that will significantly impact and improve the future of the Financial Services industry.”
“Our leadership team understands that commitment to our technology partners goes beyond the initial capital infusion and first phases of expansion,” said Ron Shurts, Board Director at Annexus Ventures. “We tap into the invaluable relationships we have cultivated with carriers, investment banks, broker dealers, financial institutions and advisors to help our investment partners grow and gain adoption.”
Annexus Ventures is actively developing partnerships with leading technology startups and intends to make strategic announcements in the coming weeks. Annexus Ventures is a closed funding entity.
Jim Richards, Managing Partner