Greencode 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 mission is to support the region's most promising ventures with capital, experience and a wide-ranging professional network, enabling them to transform their industry with innovation. Who we areWe know how to do business in Central Europe: our team members completed 100+ transactions in the region - be it acquisition or exit - set growth strategies, strengthened management teams, entered new markets with dozens of companies. Beyond funding we contribute our extensive experience and unique business network to the benefit of our portfolio companies. We gained our corporate governance, financial and business execution experience at the most prominent and successful corporations and advisory firms of Central and Eastern Europe, we know how to achieve success at international scale. We have strong and committed LPs enabling us to support our portfolio companies in the long-run, through several investment rounds. Our ticket size of EUR 1-10 million is a unique proposition in the CEE region, it allows regional scale-ups to pave their way towards international fundraising and success. OUR FOCUSWe typically invest in scale-up companies whose product/service has been validated by the market, teams on a strong growth path in need of capital of EUR 1 million or more; We lead and actively participate in private equity transactions as well, be it buyout or venture creation deals; Mobility, energy and sustainability as well as b2b services and software are our focus industries, however, we are open to support teams active in other areas as well; We are excited to work with other VC and PE firms, creating synergistic relationships for the benefit of our portfolio companies; While the focus of our interest is Central Europe we have the opportunity to invest all around Europe; Most important of all we are searching for high-performance teams of outstanding professionals, committed to realize their goals and consider their investors as active partners for growth.

Tengelmann Ventures is an early-stage Venture Capital firm focused on empowering the next generation of entrepreneurs on their mission to (i) preserve life and environment, (ii) simplify everyday life and (iii) individualize products and services to changing needs. Founded in 2009, Tengelmann Ventures invests primarily in consumer-centric B2C and B2B businesses within the DACH region. TENGELMANN STANDS FORCONSUMER KNOWLEDGE: Decades of experience in dealing with consumers. SUSTAINABILITY HERITAGE: Taking responsibility for sustainability: a track-record in addressing sustainability matters from early days. ENTREPRENEURIAL DNA: An entrepreneurial platform providing freedom and patience – dedicated to long-term growth. EXTENSIVE NETWORK: An extensive high-caliber network of entrepreneurs, advisors and leaders, particularly in Europe and North America. PATIENT CAPITAL: A family business thinking in generations and therefore long-term orientation. ACTIVE INVESTOR: The aspiration to act as an active entrepreneurial partner.

Founded by principals with decades of investing and operating experience, Navigate Ventures is a venture fund focused on early/mid growth stage capital for emerging B2B Enterprise SaaS & Internet companies between their Series A and Growth rounds, outside of Silicon Valley. Navigate looks to invest in companies with great teams, strong traction, and demonstrated product market fit, where the early venture risk is mitigated. The team is focused on helping entrepreneurs prepare for rapid growth, scaling, expansion, and getting to a growth round. We are sector & stage focused, value-add, founder-friendly investors. We bring significant experience, deep domain expertise, and a broad base of resources and contacts to each investment to help them get to the next level and subscribe to practice of incorporating ESG factors when evaluating investment opportunities. A Unique Thesis & Market Phenomenon Most Startups Never Make It Past Series AEach Year, Hundreds of New, Promising Startups Look for Growth Capital Less than 25% Make it to the Growth Round Lack of Product Market Fit and Team Issues are Common Lack of Access to Growth Capital is the Most Common Issue Size and expectations for Growth Rounds have risen dramatically Growth Round is the hardest to raise as the goal post has moved It takes longer to achieve the required metrics to raise a Growth Round Many CEOs lack the experience, time, resources or relationships to successfully raise a Growth Round The end result is many companies with Good Teams, Product Market Fit, and Strong Unit Economics find they need more Time & Capital to be able to raise a Growth Round.

We’re helping to create world-class businesses, drive transformation and accelerate change. As the corporate venture capital arm of BAT, we combine the distribution of a global corporation – from financial resources to international networks – with the innovation of a start-up. Who we helpAmbitious, passionate and talented entrepreneurs Innovative ESG solutions with the power to drive change Advanced sciences and technologies with the potential to impact society How we helpGlobal reach: Global distribution and marketing with the financial backing of BAT in more than 80 countries with over 11 million points of sale. Industry support: Portfolio support from industry experts together with legal expertise and regulatory insights. Growth-hacking: Accelerated growth programmes via our bespoke and powerful Labs for specialist categories.

Innospark lives at the intersection of decades of expertise and a conviction in the outsized role that Artificial Intelligence will play in our future. More directly, our experience informs our views and propels our mission: We believe AI is here to stay and we are the fund to help ensure its success. Why We InvestUncharted Potential of AI: Leveraging computational intelligence to discover novel solutions to challenging problems across domains. Transformation at Scale: AI will accelerate and expand the ongoing shift to digital, impacting global business, government, and daily life. Scaling Impact: Mission-driven AI carries the hope of improving access, transparency, and affordability in areas such as education, climate, housing, and human health. We Invest at the Intersection of AI and Major IndustriesHealthcare Life Sciences B2B Enterprise Education Disruptive Tech The Innospark AdvantageAI Expertise: Thought partners to technical founders and teams, understanding your approach, your data, your pipeline, and your algorithmic ambitions. Entrepreneurial Mindset: Supporting founders with the perspective of proven operators and builders, betting on people and long-term value. Expansive Network: Founders join an accessible community of experts, advisors, strategics, prospects, executives, and other investors. Extensive Experience: Support, guidance, and mentorship from partners who have walked your path several times.