Distributed Ventures

SCOR Ventures is the venture investment arm of SCOR Reinsurance, responsible for both investing in and creating partnerships with startups across the insurtech landscape. Since 2017 we have built a global portfolio across three theses: (1) investing in tech-driven underwriting companies (MGAs, carriers) and distributors, (2) software solutions that benefit SCOR and/or our clients, and (3) companies that help people live healthier lives. Our investment scope includes both investments and commercial (re)insurance relationships with startups. We predominantly invest at late Seed / Series A and are interested in a broad range of B2B and B2B2C solutions across MedTech, wellness, wearables, data platforms, and software / AI platforms. What we’re looking for We invest across three thesis areas: Thesis 1: we invest and partner in the ‘Insurers of the Future’: tech-driven underwriting companies (MGAs, carriers) that offer multiple points of digital and business model differentiation across P&C and L&H. We provide direct access to SCOR expertise and our global network to help portfolio companies scale and/or access (re)insurance capacity. With a proven track record of supporting innovative underwriting propositions across multiple lines of business, we understand product development, program structuring, underwriting, pricing and distribution and thus have the capabilities to optimise partnerships between insurtechs and business partners. We predominantly invest at late Seed / Series A. We are class of business agnostic and have partnered with companies across a broad variety of personal and specialty lines. Thesis 2: we invest and partner in software solutions that benefit SCOR and/or our clients. We provide a broad understanding of the interests and pain points of insurers across the world, and the potential to connect companies with insurers through SCOR’s client services initiatives. We predominantly invest later stage vs. Thesis 1 (typically Series A-B) but have occasional appetite for Seed. We prioritise companies: developing data, tools, and methods for obtaining, understanding, pricing and transferring large portfolios of pre-aggregated risks, high-value individual risks such as energy facilities and construction mega-projects, and MGA/coverholder business delivering economically valuable additional services offering a visible outcome which can be used to boost client management or reduce risks. Focus areas include front-end (e.g., underwriting & pricing) policy administration, modelling, risk analytics, and claims developing platforms where insurance has not previously been embedded / distributed, but where SCOR Ventures sees substantial opportunities to close the global protection gap – e.g., marketplaces, “super apps”, b2b fintech, employee benefits working to solve climate and ESG challenges to support the net zero transition and cut emissions for SCOR and SCOR clients. Focus areas include ESG reporting, climate risk analysis and data, carbon offsetting as a solution, circular economy, diversity, equity, and inclusion (DEI) tech, and supply chain transparency. We also see several opportunities in the green insurance product space including solar production or maintenance guarantees, wind input parametric products, solar physical asset damage, cat-bond / ILS and insuring carbon credit projects. Thesis 3: We invest at the intersection of health and technology and partner with companies that help people live healthier lives, deliver in-force or claims outcome improvements, develop new business or add to SCOR’s Knowledge Center capabilities, and assist our clients to transform their offerings. We predominantly invest at late Seed / Series A and are interested in a broad range of B2B and B2B2C solutions across MedTech, wellness, wearables, data platforms, and software / AI platforms. How we operateIntegrated in the wider SCOR business: Direct access to the entirety of SCOR’s capabilities brings unique added value to our portfolio companies. SCOR’s core business has experts in nearly every country, line of business, and functional area, while SCOR Partners bring a broad range of client services, marketing and product development expertise. Mandate: focused on key markets in North America, EMEA and LATAM, with selective deployment in APAC and Africa. Stage and ownership: We invest Seed to Series B. We typically seek greater than 5% ownership at first investment, which may include a board seat (we have led or co-led half of our investments to date). Our investment is intended to make SCOR a meaningful contributor but leave founders room to manage their cap table. We look for a long-term investment and / or commercial relationship but do not seek a fast exit or to ultimately acquire portfolio companies. Partnership approach: we are active supporters of the companies we work with, assisting with technical input, recruitment, capital optimisation and more. The material growth of many insurtech MGAs and carriers has led to increasing demand for (re)insurance capacity; SCOR is a transparent, long-term partner. Insurtechs in SaaS and services segments, meanwhile, have benefited from SCOR’s long-standing client relationships, while SCOR benefits from bringing knowledge, links, and expertise regarding services with genuine value to our clients. We bring value to our portfolio companies by connecting them with other partner companies, as well as with founders and distribution leads in our network. Why partner with SCOR VenturesWe believe in fewer, deeper relationships over the long term. We are flexible and collaborative in our approach, tailoring a solution to your specific needs, in partnership with other insurers, reinsurers, and investors involved in your company as appropriate. We underwrite most major lines of business and geographies globally. We have a global network including insurance licenses but not a competing retail insurance arm. Insurers are our clients, so working with us does not limit your options to associate with insurers. In selected circumstances, we can offer access to Lloyd’s or SCOR’s insurance licenses in the U.S., Europe, Asia, Brazil, South Africa, and other markets. We look to move quickly with direct access to decision makers, whilst leveraging resources and expertise to ensure our partners can build relationships with the appropriate parts of our organization.

Our investment range typically spans from €500k to €1mln with a particular affinity for backing second-time founders. Our investment approach is industry-agnostic, but we have a strong preference for sectors like Fintech, Insurtech and Healthtech. We actively participate on the board when leading investments. Our commitment extends beyond capital, as we prioritize offering operational support and fostering valuable connections with our extensive network of global VCs. We empower founders to unlock the power of a compelling storytelling. At our firm, we pride ourselves on our swift decision-making process. You can expect a definitive 'yes' or 'no' from us in a matter of days.

In addition to investment, partnership is a key to the mutual success of the companies in which we invest. Our goal is to protect and improve the financial security of Nationwide’s members by working with startups that help us live up to Nationwide’s mission of protecting people, businesses and futures with extraordinary care. When entering an investing partnership with us, you'll get more than just financial backing. We provide: Access to Nationwide's relationships, capabilities, distribution, analytics and expertise Consultative support to explore commercial relationships with Nationwide

UNIQA Ventures is a return-driven, non-strategic venture capital investor with the single LP to the fund being UNIQA Insurance Group. Our portfolio, currently consisting of more than 40 tech startups and two unicorns, has seen 8 exits since 2016 and has so far delivered a solid double-digit return. Backed by a strong financial investor we are a small but dedicated entrepreneurial team on a mission to provide smart growth capital. Our investment comes with the additional benefit of deep domain know-how in Financial Services, Insurance and Healthcare as well as a strong network in our core markets of Austria/DACH region and central and Eastern Europe (CEE). Our Investment Focus:Target Verticals: FinTech, InsurTech, Digital Health, Mobility Target Stages: Series A and beyond (early growth stage) Target Geography: Europe incl. CEE Business Models: Embedded Finance Solutions; mainly B2B or B2B2C, selectively proven B2C models

We are an early-stage venture capital fund investing in founders with highly technological B2B software solutions, from Seed to Series A all across Europe, North America and LatAm. DEEP UNDERSTANDING OF TECH We are here to fuel your startup’s growth so we will help you bring your ideas to life (alongside your BP, of course). Our track record speaks for itself. We have succesfully developed and implemented technological solutions around the world, granting us a clear vision on how to make this happen and how to not make this happen too. We will pass on these insights to you, sparing you unncessary hurdles.sparing you unncessary hurdles. YOUR VISION, YOUR WAY We will equip you with the necessary tools, connections, know-how, and expertise to develop your business plan while keeping a very straightforward approach. We won’t tiptoe around delicate issues as our ultimate goal is to see you succeed, just as much as you do. WHATEVER THE PLACE We are surrounded by enablers. A handpicked group of tech-leading professionals at your disposal ready to assist you in forging key partnerships, expanding into international markets, and providing deep insights into the world of technology, business and investment on a global scale. MORE THAN A VC As a fund originating from a corporate, we possess an extensive network that reaches far beyond the venture capital ecosystem. Our aim is to assist you in cultivating strong partnerships with other corporations to create synergies that not only benefit our own relationship but also add strategic value to your business. SUSTAINABLE, OF COURSE We are conscious about the importance of working towards a more sustainable future, firmly believing that technology is the cornerstone to build a better world. That is why we actively consider startups that align with this mindset. WHAT WE ARE LOOKING FORSTAGE: Seed-Series A SECTOR: B2B SaaS LOCATION: EU, North America & LatAm TICKET SIZE: €1M - €4M VERTICALS WE INVEST INAGTECH & CLIMATE TECH AI / ML & DATA FINTECH & INSURTECH TELECOM & CONNECTIVITY DIGITAL HEALTH METAVERSE & WEB3

We believe the largest companies of our time will utilize breakthrough technologies to solve systemic problems in a profitable and scalable way. As entrepreneurs we’ve helped grow household names like Apple, Twitter, and Patagonia. As investors we’ve helped build world positive category disruptors like Beyond Meat, Proterra, and Diamond Foundry. First and foremost, we’re product designers and company operators, and we are on a mission to support purpose-driven entrepreneurs across three investment pillars: Sustainable Systems: Transforming the industrial systems of the global economy to be safer, more efficient, and carbon-free. Healthy Living: Reimagining healthcare, food, and consumer goods in ways that enable healthier lifestyles for all, from outcome-driven personalized care to new consumer wellness offerings. People Power: Reshaping financial services, insurance offerings, and work productivity systems to empower individuals and small businesses with the tools for financial health and success. Our Credo We founded Obvious Ventures on a simple belief that the most valuable companies of our time will be the ones solving humanity’s biggest problems. Our purpose is to support the world positive entrepreneurs building these disruptive solutions. Together we can reimagine huge sectors of the global economy in ways that move the planet forward. We place great value on values and culture. We hold ourselves and our companies to the highest ethical and moral standards. We select for, and cultivate, values-based leadership across our entire portfolio. We practice humility by reminding ourselves we’re not perfect and we will make mistakes. We practice audacity by taking bold risks and investing in companies that we wish existed. We use our operating experience to help define the big vision and sweat the little details. Ultimately, we see profit and purpose as a virtuous circle. In the right combination they form a flywheel that will deliver enormous financial returns while transforming capitalism in a world positive way. How we practice thisWorld Positive Report: Obvious invests in companies with impact baked into their business models. Learn more about the environmental and social imprint they are leaving on the world. World Positive Term Sheet: We encourage entrepreneurs to incorporate their mission and values into our term sheets. Certified B Corp: Obvious is a Certified B Corp and we perform a bi-annual audit to ensure we’re putting our values into practice.