Investments
8Portfolio Exits
2Funds
1Partners & Customers
1About QBE Ventures
QBE Ventures is the venture capital arm of QBE Insurance Group, a top 20 global insurance and reinsurance company operating in 37 countries. QBE Ventures invests globally in companies that provide access to differentiated technology which has the potential to enhance QBE's business model, drive efficiencies and develop new avenues of growth.
QBE Ventures Headquarter Location
New South Wales,
Australia
Latest QBE Ventures News
Apr 4, 2022
News provided by Share this article Share this article NEW YORK, April 4, 2022 /PRNewswire/ -- Start-ups and entrepreneurs working to help make cities more equitable, sustainable and resilient are invited to compete for USD$150,000 in prize funding in the QBE AcceliCITY Resilience Challenge. The global social innovation competition has launched and is open to start-ups from around the world whose ventures are helping to make cities more resilient. In partnership with Leading Cities, QBE AcceliCITY seeks innovative solutions to some of the most pressing challenges facing cities to accelerate their growth and adoption. 2022 Accelicity challenge image Todd Jones, CEO of QBE North America and President of the QBE Foundation says, "as an insurer focused on enabling a more resilient future by being the most consistent and innovative risk partner, we recognize the critical need to improve urban resilience in our communities." "We look forward to partnering with those on the cutting edge of developing solutions that will make a difference by addressing emerging risks and providing advantageous results for cities here and around the world." Michael Lake, president and CEO of Leading Cities, said QBE AcceliCITY provides start-ups, entrepreneurs and city leaders with the opportunity to work together to build cities that will stand resilient against the social, economic and environmental challenges of the 21st century. "There are many complex threats facing cities across the globe. By accelerating the deployment of innovative technological solutions, while also increasing the awareness and confidence that city leaders have in these new solutions, we are also accelerating the resiliency of cities everywhere," he added. Through Leading Cities' accelerator program, participants will be given the opportunity to tap into a 10-week curriculum and the wealth of expertise at QBE through one-on-one expert mentoring, speed gatherings and engagement with QBE Ventures, the venture investment and development arm of QBE. This year marks the first time a local program is being run for Asia, Australia, New Zealand and the Pacific. A separate program will be run in tandem with entrants from North America and Europe, with ten finalists selected from across all regions to come together and compete in a final live pitch event. Of these ten, one winner will be awarded USD$100,000 and two People's Choice runners up will each be awarded USD$25,000 in cash prizes, along with additional resources and introductions to valuable networks and collaboration opportunities to help scale their initiatives. Previous challenge winners include DrugViu, which aims to create greater health equity for people of color, and Bioo, a company that creates 100% renewable energy through plants. Submissions close April 30, with finalists to be announced in September 2022. To apply or find out more about the challenge, please visit www.accelicity.com About QBE QBE North America is global insurance leader focused on helping customers solve unique risks, so they can focus on what matters most. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2021 of $6.29 billion. Information on QBE Insurance Group's results can be found at qbe.com . Headquartered in Sydney, Australia, QBE operates out of 27 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business primarily through its insurance company subsidiaries. The actual terms and conditions of any insurance coverage are subject to the language of the policies as issued. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at qbe.com/us . SOURCE QBE North America
QBE Ventures Investments
8 Investments
QBE Ventures has made 8 investments. Their latest investment was in The Demex Group as part of their Series A on December 12, 2021.
QBE Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/2/2021 | Series A | The Demex Group | $9M | Yes | 10 | |
10/14/2021 | Series A | |||||
3/4/2019 | Series B | |||||
1/16/2019 | Series B | |||||
11/5/2018 | Seed VC - II |
Date | 12/2/2021 | 10/14/2021 | 3/4/2019 | 1/16/2019 | 11/5/2018 |
---|---|---|---|---|---|
Round | Series A | Series A | Series B | Series B | Seed VC - II |
Company | The Demex Group | ||||
Amount | $9M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 10 |
QBE Ventures Portfolio Exits
2 Portfolio Exits
QBE Ventures has 2 portfolio exits. Their latest portfolio exit was Zeguro on October 21, 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 |
---|---|---|---|---|---|
10/21/2021 | Acquired | 3 | |||
Date | 10/21/2021 | |
---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
QBE Ventures Fund History
1 Fund History
QBE Ventures has 1 fund, including QBE Ventures.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/26/2017 | QBE Ventures | $50M | 2 |
Closing Date | 10/26/2017 |
---|---|
Fund | QBE Ventures |
Fund Type | |
Status | |
Amount | $50M |
Sources | 2 |
QBE Ventures Partners & Customers
1 Partners and customers
QBE Ventures has 1 strategic partners and customers. QBE Ventures recently partnered with Jupiter Intelligence on August 8, 2018.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
8/17/2018 | Partner | United States | QBE Partners With Jupiter to Take On Climate Risk QBE Ventures is partnering with Jupiter , a San Mateo , California-based company that provides data and analytics to better predict and manage climate risk . | 1 |
Date | 8/17/2018 |
---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | QBE Partners With Jupiter to Take On Climate Risk QBE Ventures is partnering with Jupiter , a San Mateo , California-based company that provides data and analytics to better predict and manage climate risk . |
Sources | 1 |
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