Annexus Ventures Announces First Strategic Investment in RetireUp
Investment Targets Rapid Expansion of Financial Services Technology
Scottsdale, AZ (Nov. 8, 2016) — Annexus Ventures, a venture capital firm focused on making early investments in InsureTech and FinTech companies, announced a new strategic investment in Chicago based developer RetireUp, with an undisclosed eight figure valuation.
“RetireUp is the best financial software for modeling complex product solutions in a simple, easy to understand manner for clients,” said Jim Richards, Annexus Ventures Managing Partner. “Through an interactive simulation, the client and advisor can ‘test drive’ a variety of solutions. Together, they can find an approach relative to their specific situations and concerns that is in the client’s best interest. We are excited to support their continued success and innovation for the benefit of our entire industry.”
Annexus Ventures has positioned Jim Ferrell as the new SVP of Business Development at RetireUp. “Bringing technology solutions to insurance carriers and their distribution channels is what I’ve done for over 15 years,” said Jim Ferrell. “It’s exciting to be part of an organization that is so committed and has the support required to deliver the full DOL solution.”
Annexus Ventures is actively developing partnerships with leading technology companies and intends to make additional strategic announcements in the coming weeks.
Annexus Ventures is a venture capital firm focused on making early-stage investments in InsureTech, FinTech and software companies. Annexus Ventures delivers a wealth of financial industry expertise, mature business networks and capital support to accelerate promising technology companies. For more information, please visit www.AnnexusVentures.com.
Jim Richards, Managing Partner