Companies whose status is sourced. The full list is published when display rights are confirmed.
Apicil / Insurtech Capital
Apicil entrusted Mandalore Partners with operating its venture exposure to insurance and financial services technology, through the Insurtech Capital vehicle: structuring, sourcing, investment execution and reporting, under the group's governance.
The companies built under this mandate.
InsurTech, ImpactTech and IndustryTech. Narrow by design: we invest where our partners have operated, and we say so early when a company sits outside that.
Insurance distribution, underwriting and claims are being rebuilt by companies that sell into insurers rather than around them. We back the ones a carrier can actually deploy, and we invest alongside the carriers we operate for, so a portfolio company arrives with a named counterpart rather than a cold introduction.
Impact that is measured, not asserted. We back companies whose social or environmental outcome is produced by the business model itself rather than reported alongside it, which is also the only kind that survives a downturn: it does not depend on a budget line anyone can cut.
AI, IoT and robotics applied to industry, where the hard part is making something physical at a cost that works. These companies are routinely told by generalist investors that their gross margin is wrong. Our IndustryTech partner built and sold a hardware company; the diligence question we ask is about the bill of materials at volume, not about the pitch.
Corporate and ecosystem partners are named, not branded, until each organisation has cleared its mark.
Think you fit this thesis?
One line on what you do and why now. We read everything and we answer either way.
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