Backing the Next Generation of Insurtech: Battery leads hyperexponential’s Series B - Battery Ventures
Talks about Battery Ventures, investment in companies and hyperexponential Series B
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Marcus Ryu
Director at Hyperexponential
San Francisco, California
Overview
Marcus Ryu is a Partner at Battery Ventures in San Francisco, with a background as the co-founder and ex-CEO of Guidewire Software. He has made significant investments in companies like Hyperexponential and Fairmatic, contributing to their growth and success in Series B funding rounds.
Work Experience
Director
2024 - Current
Hyperexponential provides an advanced insurance pricing platform enabling property-casualty insurance actuaries and data scientists to incorporate sophisticated new data management, machine-learning, and modeling techniques into their risk pricing.
Director
2023
Fairmatic applies smartphone-based telematics insight to underwriting and pricing decisions for commercial auto insurance. By actively monitoring individual driving performance in real-time, the company not only taps into the most powerfully predictive signal of insurance risk but also empowers fleet managers to enforce safe driving and avoid accidents in the first place.
Fairmatic is an AI-based insurance company that provides commercial auto insurance services.
Raised $88,000,000.00 from Foundation Capital, Aquiline Technology Growth, Bridge Bank, Oren Zeev, Jerry Yang, Bill Tai and Battery Ventures.
Partner
2022
On behalf of Battery Venture, I lead and collaborate on venture investments --- generally focusing on enterprise software, vertical SaaS, and fintech/insurtech opportunities in Series A to C rounds of financing.
Battery Ventures is a investment firm that focuses on technology.
Advisor
2021
Vesta Technologies builds next generation mortgage infrastructure, namely a customizable platform for mortgage origination, approval, and underwriting.
Director
2022
Bestow provides direct-to-consumer term life insurance as well as technology solutions for the life insurance industry.
Bestow is building the tech and data infrastructure that powers the modern life insurance industry.
Raised $137,500,000.00 from Core Innovation Capital, Valar Ventures, Breyer Capital, New Enterprise Associates, Morpheus Ventures, Sammons Financial Group and Hedosophia.
Co-founder and ex-CEO
2001
I co-founded Guidewire Software (NYSE: GWRE) in 2001 and led the company as CEO through its IPO in 2012 and up through 2019. Guidewire provides cloud-based core applications to the global property-casualty insurance industry, serving hundreds of insurers in 30+ countries in policy administration, claims management, and billing.
Guidewire Software provides core back-end systems software to the global property, casual and worker's compensation insurance industry.
Raised $624,750,000.00 from U.S. Venture Partners, Bay Partners and Battery Ventures.
Advisor
2021
KAV is a Direct-to-Consumer startup building 3D-printed helmets our of advanced polymers for cycling and hockey. Their helmets considerably reduce concussion risk while providing a custom fit to each user's head and personalization.
Director
2018
Checkr provides a faster and fairer way to screen employees with automated background checks. It serves many of the largest employers in the world, as well as thousands of small businesses.
Checkr is a software company that automates and speeds up the process of professional background checks.
Raised $678,999,991.00 from Irving Investors.
Director
2016
Bloomreach is the leader in Commerce Experience™. Bloomreach Experience, the digital experience platform built for commerce, includes three pillars: Discovery, offering AI-driven search and merchandising; Content, offering a headless CMS; and Engagement, offering a leading CDP and marketing automation solution. Bloomreach serves over 850 global brands including Albertsons, Bosch, Puma, FC Bayern München, and Marks & Spencer, and powers over $300 billion in commerce annually.
Bloomreach is a developer of a cloud-based software that connects both customer and product data to personalize all customer touch-points.
Raised $452,000,000.00 from JP Morgan Chase.
Advisor
2022 - 2023
Informed.IQ provides instant, verifications of consumer credit, mortgage, and auto financing applications.
Informed is a developer of a consumer auto financing platform designed to collect and analyze loan documents.
Raised $20,000,000.00 from The FIS FinTech Accelerator in Partnership with The Venture Center, Nyca Partners, Manuel Bronstein, U.S. Venture Partners, Dan Romero, Aspect Ventures and The Perkins Fund.
Education
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