BrokerTech Ventures (BTV) has shared the results of its latest report on the achievements of its accelerator startups. BTV has hosted four cohorts of the accelerator for broker-centric insurance technology companies, which included 48 participating startups. Highlights from the report include:
- 96%, or 46 out of the 48 startups that have participated in the BTV accelerator program, are still operating or have been successfully acquired.
- The collective valuation of the four cohorts that have passed through the BTV program is nearing $1 billion.
- BTV-affiliated startups have collectively raised more than $250 million in funding since their participation in the accelerator.
- Over 200 proof of concepts or pilots have been initiated with BTV’s partner organizations. Also, nearly 1,000 external client engagements have been directly attributed to BTV.
“One of the reasons we signed on as BTV’s first carrier partner in 2020 was because of their approach to bringing together insurtechs, carriers and brokers to address industry pain points,” Bob Jenkins, vice president of enterprise distribution at Travelers, said in a prepared statement. “We continue to find value in this relationship as we uncover the power and potential of the innovative capabilities these startups bring to the insurance community.”
Applications for the 2024 BrokerTech Ventures accelerator cohort open on Nov. 1.