Capital. Access. Advantage.

Deploying strategic capital to fuel growth and long term partnerships.

Actively Partnered With:

We actively partner with Carriers, Founders and Investors to change the way insurance, financial services, and healthcare sectors function.

Early stage FinTech, InsurTech or HealthTech company? Let’s connect.

Backed by 24 Insurance Carriers, Brokers and Wholesalers

Based in Des Moines, Iowa, the insurance capital of the world, we strategically leverage these relationships to accelerate our investments.

50 Portfolio Companies

We’re willing to roll up our sleeves to solve problems—or reach deep into a rolodex to help founders grow.

We could not have wished for better partners than ManchesterStory to help us launch and grow Cowbell Cyber. They have supported us from day one with capital, guidance, far-reaching resources and trusted relationships to accelerate our journey.

Among our senior executives, investing in the ManchesterStory Fund has become the most popular investment our team has ever made.

When we polled our innovation teams across the enterprise, ManchesterStory was ranked as the most valuable strategic relationship (1st or tied for 1st) by every team.

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Connecting Exceptional Entrepreneurs to Strategic Capital & Relationships

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Latest Insights

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Blog

Open-Weight Models Are Driving Down the Cost of AI

The last few weeks have brought a lot of major developments in AI. Anthropic’s Claude Opus 5, released on July 24, now narrowly tops the independent Artificial Analysis Intelligence Index with a score of 61, ahead of its own Fable 5 at 60 and OpenAI’s GPT-5.6 Sol at 59. Notably, Opus 5 reaches Fable-level intelligence at roughly half the blended token price. More interesting to us is how quickly the open-weight models are closing the performance gap, and how much cheaper they are.

Blog

ManchesterStory Launches Quarterly Newsletter: Know the Story

The first issue of Know the Story will be sent on June 23. We invite founders, investors, insurance leaders, brokers, partners, and anyone interested in the future of insurance innovation to subscribe and follow along.

News

XCaliber Health scores $6.5M for workflow platform

XCaliber Health, a company offering an agentic AI platform aimed at reducing administrative burden in healthcare, has raised $6.5 million in seed funding to scale its platform nationwide.

Blog

What We Heard in Our First InsurTech Open Office Hours

Last week, we tried something new: open office hours. No formal agenda. No pitch decks required. No filter. First come, first served. Just 20-minute conversations with founders, operators, and people beginning to explore ideas across insurance. The prompt was simple: what would be useful to you?

News

Flora Fertility Closes $5M USD Seed Round to Accelerate First-Of-Its-Kind Fertility Insurance Platform

Flora Fertility, the first individually-owned fertility insurance platform, today announced the close of a $5 million USD seed round, to expand access to reproductive care across the U.S. market, with Canada to follow. The round was led by ManchesterStory, a leading InsurTech venture firm, with participation from Slauson & Co., a culturally-aligned consumer fund based in Los Angeles, TruStage Ventures and BDC Capital, leaders in financial services, along with Marathon Fund, Adara Venture Capital and select strategic angel investors. Prior investors include Highline Beta, Everywhere Ventures, and Cartography Capital.

Blog

ManchesterStory Promotes Nicole Gunderson to Partner and Mads Jensen to Principal

Promotions deepen the firm’s leadership bench as ManchesterStory continues to expand its venture platform across the insurance value chain.

News

Trussed AI and Gruve announce joint go-to-market initiative to help enterprises move AI from pilot to production

Today, Trussed AI and Gruve are announcing a joint go-to-market initiative to help enterprises move AI from pilot to production, safely, compliantly, and at scale.

News

Trussed AI Raises Seed Funding Led by ManchesterStory

Trussed AI, a company helping regulated enterprises deploy AI while meeting regulatory and audit requirements, today announced the closing of its seed financing round led by ManchesterStory, a preeminent early-stage investor in technology companies focused on insurance, financial services and health care. ManchesterStory invested through its Discovery Fund II and BrokerTech Fund. First Trust Capital Partners and Elefund also participated in the round. ...

News

When Secures $10.2M Series A Round

When announces $10.2M Series A funding round co-led by ManchesterStory and 7wire Ventures, along with participation from new and existing investors.

News

Salvo Health Announces $8.5M Series A to Advance Hybrid Care Future for GI and Metabolic Treatment

Salvo Health announces a $8.5M Series A funding round co-led by ManchesterStory, City Light Capital, and Threshold Ventures, with participation from new investors including The Artemis Fund, Contour Venture Partners, and others.

News

Penguin Ai Secures $29.7M in Venture Funding to Tackle the $1 Trillion Administrative Burden in the Healthcare Industry

Penguin Ai, a healthcare artificial intelligence company that solves administrative burdens, announced today that it has secured $29.7 million in venture funding, including a $25M Series A led by Greycroft. Other participants in the financing include UPMC Enterprises, SemperVirens, Snowflake Ventures, Watershed Ventures and Horizon Mutual Holdings, Inc, the parent of New Jersey's largest and oldest health insurer. The round also included support from the original lead seed investors ManchesterStory and Overwater Ventures, as well as California Health Care Foundation, and Matt Kozlov, formerly of Techstars and now at Multiball Capital. Canvas Prime, Plug and Play and individual angels like John Santelli, former CIO of UnitedHealthcare and Eric Larsen, formerly of the Advisory Board also helped fund the company's seed round last year. The funding will support hiring, product development, and scaling deployments with payers and providers.

News

Journey Raises $8M to Replace Outdated EAPs with the First Proactive Mental Health Platform for Workplaces

Journey, the leading provider of proactive mental health solutions for modern companies, announced today the closing of its $8 million Series A funding round. The round was led by Cambrian Growth Partners with participation from ManchesterStory, Canaan Partners, J-Ventures, J-Impact, Life Science Angels, HealthTech Capital, and others.

BrokerTech Fund

ManchesterStory has partnered with BrokerTech Ventures on a first-of-its-kind venture fund focused on technology startups developing solutions specifically addressing the needs of insurance brokers and wholesalers. The BrokerTech Fund is backed by six leading commercial brokers.

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Capital. Access. Advantage.

Actively Partnered With:

Backed by 24 Insurance Carriers, Brokers and Wholesalers

50 Portfolio Companies

Jack Kudale

Chief Investment Officer

Head of Enterprise Strategy

Join Our Portfolio

Latest Insights

Open-Weight Models Are Driving Down the Cost of AI

ManchesterStory Launches Quarterly Newsletter: Know the Story

XCaliber Health scores $6.5M for workflow platform

What We Heard in Our First InsurTech Open Office Hours

Flora Fertility Closes $5M USD Seed Round to Accelerate First-Of-Its-Kind Fertility Insurance Platform

ManchesterStory Promotes Nicole Gunderson to Partner and Mads Jensen to Principal

Trussed AI and Gruve announce joint go-to-market initiative to help enterprises move AI from pilot to production

Trussed AI Raises Seed Funding Led by ManchesterStory

When Secures $10.2M Series A Round

Salvo Health Announces $8.5M Series A to Advance Hybrid Care Future for GI and Metabolic Treatment

Penguin Ai Secures $29.7M in Venture Funding to Tackle the $1 Trillion Administrative Burden in the Healthcare Industry

Journey Raises $8M to Replace Outdated EAPs with the First Proactive Mental Health Platform for Workplaces

BrokerTech Fund