Windmill Ventures

Canada’s leading digital healthcare Venture Capital firm, offering local depth with global reach. We are healthcare practitioners, operators and founders with over 100 years’ experience and a deep network. We focus on early stage and high-growth companies shaping the future of healthcare delivery and empowering them to scale and grow. How We InvestStage: Investments will be in early stage companies ranging from pre-Seed rounds through pre-IPO with initial investments focused on Seed and Series A rounds Areas: We look for groundbreaking HealthTech ideas focusing on digitization of healthcare, emergence of consumer MedTech, and consumerization of health and wellness Locations: We invest primarily in companies located in Canada, the US and Israel that target markets in North America and Europe

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.

We invest to‍ keep people healthy. We invest in companies to drive the shift from traditional sickcare to modern healthcare. People are not destined to become sick as they age. We believe humans can live longer and make the best of all their years. That's why we invest in companies that keep people and our environment healthy. Today, 1 out of 2 people in the world live with a chronic disease. This tragic reality is also the source of more than 80% of all healthcare costs globally. We believe the world can do better. It’s time to break the order of things. We refuse to wait until people get sick to only then be treated. We want to help people maintain and nourish their most precious resources - physical and psychological health. We’re at the front lines of this transformation by investing in pioneering early-stage companies in the US and Europe. We want to build a healthcare system that cares when it matters most. We want people to savor the joyful simplicity of optimal functioning.

Startups are super-tools to change the world. Let’s build stuff that matters. Social Planet Ventures invests in hyper-ambitious startups that want to address the world’s most pressing social challenges with solid and scaleable tech solutions. The reason is simple; We believe that in the future, some of the most valuable businesses will be those that deliver meaningful and positive social outcome for millions of people and for society at large – alongside their financial success. We search for companies with such a vision and can assist with setting a scaleable foundation in the initial and very fragile stage. Advancing social cohesion We want to invest in visionary founders with innovative superior tech solutions that strengthen social cohesion by addressing problems of inequality, marginalisation and exclusion; Education and re-skilling 20% or 50 million jobs in the European Workforce is expected to be automated by 2030. That will not lead to fewer jobs but to different types of jobs, which will require a massive re-skilling of our existing workforce to empower people to actively participate in our society. Preventive health and wellbeing By 2050, the share of people over 65 will be around 30%, compared to around 20% today. This will put a pressure on our welfare system. In EU today, we spend 3% of total public and private health care expenditures on preventive health. We expect to see wave of new ways to better detect and prevent people from getting sick to keep the same quality of care. Inclusive work-life With a shrinking workforce, we need to be much better at understanding and foster diversity, equity and inclusion to unlock the full potential of everyone. Closing the gender/skill gap in EU tech jobs alone has a potential of GDP increase of as much as €600 billion according to McKinsey. Sustainable living 100 million people in the EU is at risk of poverty or social exclusion. New technology can provide a foundation for more sustainable and inclusive communities that offers attractive careers, businesses, infrastructure, and living opportunities to secure a long-term resilient society. Inclusive financial services More than 30% of people in EU do not save for retirement because they can’t afford it. In average low-income households pays a Poverty Premium of up to €1,000 a year for essential products and services due to reasons that they cannot control, such as where they can afford to live. Open banking, blockchain and AI creates new opportunities and democratise access to financial services to create better societal resilience. About us Our investment team is based in Copenhagen and Stockholm. Alongside capital from pre-seed to Series A, we provide specialized support with product-market-impact fit, impact & ESG management, hiring and fundraising. We align ourselves with Article 9 SFDR and we measure the positive social impact of all our investments and base our compensation on the provided measurable impact.

We believe that these solutions cover a wide spectrum that includes the optimization of physical, mental, social and financial wellness, serving as the core components that will undergird the conscious, communal shift toward a healthier future. Our primary goal is to empower passionate founders who develop innovative ideas that impact all bodies. We're investing in more than just potential, we’re doubling down on the endless realm of human potential. With efficiency in mind, we like to spend our first meeting getting to understand the founder(s) first. Your first conversation may be with one of our Partners or investors. Each member of our team has a voice and it's respected at the table. After that conversation, we huddle to connect the dots, reflect on your story and think. From there we spend time with information shared and will come back with deeper questions that move the relationship forward. These are not questions to occupy your inbox, but questions formulated on our path to deep conviction. HEALTH Healthcare has reached an inflection point. The landscape is rapidly shifting towards value based care, deep personalization, and an endless appetite for connected data that will forever change the way we communicate with health providers, our families and ourselves. WELLNESS The wellness industry is a $4.5T opportunity, as more consumers seek to reduce their healthcare costs while exploring ways to be healthier and happier across physical, mental, social and spiritual dimensions of their lives. We seek innovative companies using technology to deliver benefits that are meaningful, measurable and scalable. TECHNOLOGY Software will continue to impact the world in ways never imagined. We're firm in our belief of embracing technology as the conduit for optimization. Innovative applications and connected hardware will continue to change behaviors, augment processes and provide stable infrastructure to advance the world's capabilities. STAGE & CHECK SIZE Our funding decisions are made by consensus. There will always be an internal deal champion that will serve as your lead investor. We practice a rigorous diligence process that can sometimes be complex or very swift - but we typically are able to gather the information we need in 2 weeks or less, once we've aligned on our potential partnership. It's our obligation to earn your trust and build on our relationship. To that end we run a transparent process, with no "GOTCHA" moments. We will work closely with the founder(s) to determine our entry point that makes sense. We are hands-on investors, we set out with a 90 day action plan to be additive at the outset. Stage: Seed-Series A Size: $500K-$3MM Fund Size: $50M As the capital landscape continues to evolve, we remain flexible to understand the specific needs of the entrepreneur. We have a framework that directs our investing. In order for us to spend dedicated time with our founders, we target 6-8 investments per year. These companies typically have a working prototype product getting user feedback or generating revenue, approaching product market fit. On occasion, we invest in exceptional teams at the concept level.

Comrades who are eager to change the world, connect with us. With JERA Ventures, reshape the world no one has ever seen. Change the norm and deliver new value. Bonding, collaborating for brighter future. Brave and committed challengers, ready to rock the world. Time to answer the call now. Mission JERA Ventures connects JERA with the world to facilitate open innovation and deliver the best experience to all people. Vision JERA Ventures will be a sandbox for people who are serious about changing the world. ValueBe open to new ideas, challenge with passion. Get connected, be the catalyst for change. We can reshape the world. Be True. Do good. Theme Go beyond the norm, Create the best. JERA Ventures makes strategic investment totalling 300 million USD in the following 3 areas; Energy transformation: Decarbonization technologies including making existing energy business smart, developing hydrogen and ammonia value chains, and renewables. Customer centric: Digital technologies that offer new value to customers using digital energy platforms, AI, blockchains, etc. Corporate: Well-being, femtech*, and other technologies that contribute to the virtuous spiral of employee happiness and corporate value creation. *Femtech: A neologism combining “female” and “technology” that refers to products and services that address women’s health issues.