Annexus Ventures Launches to Accelerate FinTech and InsureTech Innovation
New Venture Capital Firm Sets To Improve Financial Services Technology
Scottsdale, AZ (Nov. 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. For more information, visit www.annexusventures.com.
Founded in 2006, Annexus has quickly grown to become a leading designer and marketer of fixed indexed annuity and indexed universal life products. Annexus’ success is founded on product innovation to better serve clients and strengthen distribution relationships. Working with product development partner Genesis Financial, Annexus brings highly specialized risk management capabilities that enhance a carrier’s ability to underwrite indexed products. The Annexus product development team has worked together with Genesis to create the next-generation of pricing and hedging methodologies in living benefits and principal-protected retirement products, collectively earning 15 patents to date.
Jim Richards, Managing Partner