Endurance Companies

We invest in companies that leverage differentiated technologies and scalable business models to generate financial returns and drive innovation. We believe technology will meaningfully transform all sectors of the economy, from property development, to HR processes, to new cyber security challenges. We support the growth of leaders at the forefront of these transformations. THE AVP PLATFORM PROVIDES A UNIQUE AND DIFFERENTIATED VALUE PROPOSITION ARTICULATED AROUND 3 MAIN PILLARS: A multi-stage investment remit with independent, cross-fertilized strategies A global investment platform A unique network of LPs including AXA & Equitable, key partners for business development AVP is a $1bn venture capital firm Investing in seed and early stage companies through AVP Early Stage, and in growth stage companies through AVP Capital. We partner with exceptional founders who are building great companies. In our early stage investments, we look for product-market fit and initial traction. In our growth-stage investments, we seek companies with attractive unit economics, a robust customer base, and significant revenue growth. Our relationship with AXA means unique access for our portfolio companies to:Some of the world’s best risk managers, financial advisors, and data scientists AXA’s distribution networks and client base AXA’s strong global franchises and different lines of expertise – Property & Casualty, Life & Savings, Health, and Asset Management – provide a distinctive business portfolio. AVP’s expertise in our target sectors, global footprint, and relationship with our anchor investors AXA and Equitable and other LP allow us to meaningfully help our portfolio companies realize their potential. AVP’s value proposition is tailored for entrepreneurs, case by case, to create and deliver value. AVP portfolio companies will have preferred access to AXA’s resources, including the buying power and distribution capabilities of a €100B revenue company with 107 million customers. SEVERAL PILLARS TO SUPPORT COMPANIES: Global presence and ability to help companies scale internationally Introductions to AXA and our broader network as a potential customer, partner, distributor, or even strategic partner Strong expertise in several fields (enterprise software, marketplaces, fintech, consumer technologies and all insurance / asset management related verticals) Access to AXA and Equitable’s deep expertise in insurance and asset management, as well as the specialized expertise of our other LPs.

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.

Viewpoint Ventures is a venture capital investment firm based in the United States. The firm seeks to invest in insurtech, fintech, and related sectors.

The world of financial services is transforming and more ready than ever for thoughtful disruption. Permanent structural changes and modern infrastructure are empowering innovation across the FIRE economy - from finance, to insurance and real estate. This innovation will deliver fair and transparent products and services, giving consumers and businesses full control of their hard-earned money and the data tied to it. We focus on Fintech. Pre-seed, seed and beyond. We’re equal partners with entrepreneurs who share our singular focus on the FIRE economy and technology. Our experience, networks, knowledge and reliable capital drive development of thesis based convictions pre-data. Together, we ideate, research, build and launch next generation financial products and services. We strive for alignment with founders and our network of VC and strategic investor partners as we jointly focus on execution success. Building & Investing. We’re early-stage investors with a long-term view.Pre-seed, seed and incubation: The majority of our time and capital is dedicated to the earliest stage of new venture development where we partner with entrepreneurs who share our singular focus on the FIRE economy. Plus-rounds and secondaries: We understand that the path to Fintech success isn’t always up and to the right, and have the scars that remind us how difficult start-ups are. Pivots and re-starts are often part of the journey. We invest to support later-stage teams when more runway is needed for launch or additional investment will accelerate progress. Special Purpose Acquisition Companies: Our partners and LPs are active investors in fintech-focused Special Purpose Acquisition Companies that have successfully combined with fintech leaders ready for their next stage of growth as public companies.

Impact Investing is more important than ever before. We aim to back the most innovative ideas combining impact and ground-breaking technologies. By leveraging knowledge and ensuring access to a growing network of like-minded people and organizations, we provide the best support we can to founders, especially in the early stages of their companies. We are an international team combining investment expertise and operational excellence. As a team, we have the strong belief that it needs an outstanding impact ecosystem consisting of founders, investors, governments, and other organizations to be able to sustainably meet the greatest challenges of our time. Our Investment Focus We know that beginnings can be hard. Especially when you are on a mission to change the world for the better. We invest in superior technologies provided by passionate teams that contribute to saving our planet while building scalable business models. About Us Established in 1999 in Japan, the SBI Group has formed the world’s first and leading internet-based financial conglomerate providing financial services in a broad range of fields. The SBI Group’s business fields include securities, banking and insurance (Financial Service Business), investing in and incubating start-ups through various venture capital vehicles (Asset Management Business), and undertaking the R&D and manufacturing of pharmaceuticals and health foods (Biotechnology Healthcare & Medical Informatics Business). By placing these business segments as the core of its operations, the SBI Group is taking on the challenge of realizing sustainable growth as a Strategic Business Innovator. Being one of the largest Japanese private equity firms with more than USD 4.8 billion AUM and more than 9,000 employees worldwide, the SBI Group has invested in more than 1,500 companies globally and is one of the world's largest investors in the FinTech sector. This broad platform is leveraged to further drive the value of SBI’s investments. In order to support the evolvement "from Japan’s SBI to the World’s SBI," the group established its first Western European representative office in Berlin in March 2019. In recent years, it has increased its investments in European start-ups, especially in start-ups based in Berlin.

Fintactics is a fintech dedicated VC fund and venture-builder based out of Riyadh, Saudi Arabia that builds, incubates, accelerates growth and invests in start-ups in the Kingdom, MENA region and beyond. Empowering an ecosystem that leverages technology value chain and contributes to rapid growth locally and regionally. WE HAVE A WEALTH OF EXPERIENCE BUILDING AND INVESTING IN FINTECH VENTURESVenture Studio: We harness deep financial technology expertise and a network of brand name partners to create a distinctive, disruptive, operationally-focused investment models that solve real problems in the world of traditional and decentralied finance VC Fund: Fintactics VC fund supports in-house ventures and invest in innovative, high growth early stage (Pre-seed, Series-A) fintech ventures across the kingdom, MENA, and the world. HOW WE DO IT?We Co-build: We build start-ups by partnering with entrepreneurs to take ideas from conception to execution; empowered by decades of experience, timely capitol deployment and exceptional talent. We Partner: We partner with local and international disruptive fintech start-ups from around the world to accelerate growth and localize technology to effectively solve problems within the Kingdom and MENA region. We Invest: Through our Fintactics VC fund, we invest in early stage start-ups, from inception to Series-A, that are rapidly growing with innovative solutions in traditional and decentralized finance. OUR FOCUS VERTICALS As a venture-builder, we are focusing on nine key areas LENDING SOLUTIONS EMBEDDED FINANCE REGTECH SOLUTIONS OPEN BANKING USE CASES WEALTH MANAGEMENT REAL ESTATE SOLUTIONS DEFI AND BLOCKCHAIN CAPITAL MARKETS INSURTECH SOLUTIONS