Predict your next investment

Venture Capital
iacapgroup.com

See what CB Insights has to offer

Investments

60

Portfolio Exits

14

Funds

9

About IA Capital Group

IA Capital Group is a New York-based private investment firm and manager of the Inter-Atlantic funds. IA Capital Group is dedicated to partnering with innovative entrepreneurs in making venture and growth capital investments in technology-enabled financial and business services companies.

IA Capital Group Headquarter Location

122 East 42nd Street

New York, New York, 10168,

United States

212-581-2000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing IA Capital Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find IA Capital Group in 2 Expert Collections, including CB Insights Insurtech Smart Money Investors - 2020.

C

CB Insights Insurtech Smart Money Investors - 2020

25 items

Track the world's top-performing VC investors in insurtech. Firms are presented in unranked order.

I

InsurTech

25 items

Track the world's top-performing VC investors in insurtech. Firms are presented in unranked order.

Latest IA Capital Group News

NextCapital Receives $30 Million Growth Investment Led by Francisco Partners

Oct 21, 2020

Press Release - September 22 2020 Investments from FP Credit, Oak HC/FT and IA Capital Group to advance retirement income capabilities and growth partnerships CHICAGO -- NextCapital , the leader in enterprise digital advice, today announced $30 million in growth financing, bringing the company’s total funding to $85 million. The financing was led by FP Credit, the credit investment arm of Francisco Partners, a leading global investment firm. Oak HC/FT and IA Capital Group also participated in the capital raise. NextCapital enables its commercial partners to rapidly bring to market a cost-effective, full-stack digital advice solution that is built to support the demanding requirements of large enterprises. The company enables scalable financial planning, advice, and managed accounts across leading financial institutions. “This funding advances our mission to help everyone retire successfully,” said NextCapital Chief Executive Officer and Co-Founder John Patterson. "Our partners are equally essential to the success of this mission, so we are excited to use this funding to further invest in our Partner Success program. This capital raise also allows us to extend our best-in-class workplace and rollover managed advice platform, as well as expand our retirement income offering.” “NextCapital is at the forefront of the digital transformation sweeping the $8 trillion defined contribution market,” said Peter Christodoulo, partner at Francisco Partners. “Especially in the current economic climate, there is an urgent need to give Americans institutional-grade advice both in the accumulation phase for younger workplace savers and during the decumulation phase for older investors.” NextCapital’s multi-channel solution supports defined contribution, IRA rollover, and retail accounts. Other key configuration features include: Custom user experience and ongoing engagement Configurable investment methodologies and advisory roles Self-service and advisor-assisted service models Plan advisor enablement Integrations with 401(k) recordkeeping systems and retail custodians “NextCapital is unique among its competitors in their ability to work with all firms in the retirement ecosystem, from large asset managers to recordkeepers to large advisory firms. NextCapital can build completely customized managed advice solutions for their partners that fulfill each institution’s unique requirements,” said Alois Pirker, research director for Aite Group 's wealth management practice. “NextCapital’s platform addresses the needs of enterprise partners across the entire retirement landscape.” Francisco Partners was advised by Akin Gump Strauss Hauer & Feld LLP as its legal advisor. About NextCapital Group NextCapital is an enterprise digital advice company whose mission is to help everyone retire successfully. NextCapital partners with financial institutions to deliver personalized planning and managed accounts to individual investors across multiple channels, including 401(k), IRA, and taxable brokerage accounts. NextCapital’s open-architecture digital advice solution provides integrated account aggregation, analytics, planning and portfolio management, and allows partners to customize advice methodology and fiduciary roles. “NextCapital” is a brand name representing NextCapital Group, Inc. and its wholly owned subsidiaries, NextCapital Software, Inc. and NextCapital Advisers, Inc. NextCapital Advisers, Inc. is an investment adviser registered with the Securities and Exchange Commission (SEC). NextCapital Software, Inc. is not registered with the SEC and does not provide investment advice. About Francisco Partners Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com . About Oak HC/FT Founded in 2014, Oak HC/FT is the premier venture growth-equity fund investing in Healthcare Information & Services ("HC") and Financial Services Technology ("FT"). With $1.9 billion in assets under management, we are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders. Oak HC/FT is headquartered in Greenwich, CT, with offices in Boston and San Francisco. Follow Oak HC/FT on Twitter , LinkedIn , and Medium . About IA Capital Group Founded in 1992, IA Capital Group Inc. (previously Inter-Atlantic Group) is based in New York City and manages venture capital funds under the Inter-Atlantic name. The firm has a 20 year track record in insurtech and fintech venture capital, the longest of any insurtech-focused venture capital firm. Its fully-exited first fund, Inter-Atlantic Fund LP, had three portfolio company IPOs and ranks as the number one performing fund in several databases among comparable funds of its vintage. IA Capital currently makes strategic venture capital investments on behalf of 15 insurance companies. Francisco Partners

Oct 15, 2020
Matic raises $24M

IA Capital Group Investments

60 Investments

IA Capital Group has made 60 investments. Their latest investment was in Omnidian as part of their Series B on September 9, 2021.

CBI Logo

IA Capital Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series B

Omnidian

$33M

No

3

9/10/2021

Seed VC - II

Marigold Health

$1.98M

Yes

1

6/8/2021

Series A

Certificial

$5.8M

Yes

5

6/8/2021

Series G

Subscribe to see more

$99M

Subscribe to see more

10

5/28/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/22/2021

9/10/2021

6/8/2021

6/8/2021

5/28/2021

Round

Series B

Seed VC - II

Series A

Series G

Series B

Company

Omnidian

Marigold Health

Certificial

Subscribe to see more

Subscribe to see more

Amount

$33M

$1.98M

$5.8M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

1

5

10

10

IA Capital Group Portfolio Exits

14 Portfolio Exits

IA Capital Group has 14 portfolio exits. Their latest portfolio exit was Gainfully on October 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/13/2021

Acquired

1

6/9/2021

IPO

$991

2

1/14/2021

Acquired

$991

4

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

10/13/2021

6/9/2021

1/14/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

2

4

10

10

IA Capital Group Fund History

9 Fund Histories

IA Capital Group has 9 funds, including Inter-Atlantic Energy Capital Ventures LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/9/2021

Inter-Atlantic Energy Capital Ventures LP

1

2/13/2019

Inter-Atlantic Stonybrook Insurtech Ventures

Subscribe to see more

$99M

10

3/1/2016

Inter-Atlantic G Fund

Subscribe to see more

$99M

10

6/30/2007

Inter-Atlantic Fund II

Subscribe to see more

$99M

10

1/1/2001

Inter-Atlantic Fund LP

Subscribe to see more

$99M

10

Closing Date

8/9/2021

2/13/2019

3/1/2016

6/30/2007

1/1/2001

Fund

Inter-Atlantic Energy Capital Ventures LP

Inter-Atlantic Stonybrook Insurtech Ventures

Inter-Atlantic G Fund

Inter-Atlantic Fund II

Inter-Atlantic Fund LP

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

IA Capital Group Team

3 Team Members

IA Capital Group has 3 team members, including current Managing Partner, Andrew Lerner.

Name

Work History

Title

Status

Andrew Lerner

Managing Partner

Current

Thomas R Donahue

Managing Director

Former

Michael J Mazzola

Managing Director

Former

Name

Andrew Lerner

Thomas R Donahue

Michael J Mazzola

Work History

Title

Managing Partner

Managing Director

Managing Director

Status

Current

Former

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.