ManchesterStory, an early-stage venture capital firm in Des Moines, has announced the promotion of Nicole Gunderson to partner and Mads Jensen to principal. According to a news release, the promotions come as ManchesterStory continues to deepen its insurance-focused investment model in a complex, highly regulated market. Gunderson joined ManchesterStory in 2022 and has worked across the full investment lifecycle, including sourcing, due diligence, championing investments and supporting portfolio companies. She serves on the boards of multiple ManchesterStory portfolio companies. Before joining the firm, she served as managing director of the Global Insurance Accelerator, where she helped lead the growth of the program and supported the development of 58 portfolio companies. Jensen has spent seven years with the firm, which focuses on lead investments in startups in insurtech, fintech and health tech. Formerly financial controller at Siemens, Jensen has served as a board observer for multiple ManchesterStory portfolio companies and has helped lead the firm’s internal AI initiatives.