Insurtech venture capital firm closes $100M debut fund

Markd VC LLC, a Boulder, Colorado-based venture capital firm devoted to the insurtech sector, said Thursday it has closed its $100 million debut fund.

The $100 million will be used to fund early- and growth-stage startups focused on the digital transformation of the insurance industry, the statement said Thursday.

Anchor investors in the fund include Markd Founder and Managing Partner Parker Beauchamp and an undisclosed industry partner.