Founders

We build meaningful and long-term relationships with our founders. Their stories are our stories. Please meet some of the founders we've had the privilege of backing in building transformational companies.

  1. Picture of CJ Pryzbyl & Martha Dreiling
    Reserv
    CJ Pryzbyl & Martha Dreiling

    Having co-founded and built Snapsheet, one of the leading claims insuretech startups, CJ set his sights on the next phase of revolutionizing the claims space. At Snapsheet, the team made a choice to not build an end-to-end full stack claims TPA, a decision that in hindsight, CJ thought, prevented the company from fully reaching its potential by controlling the data and all aspects of the process. Martha joined CJ as Co-Founder and COO after spending the last 15+ years in startups and tech, including Rhino, Attune, and OnDeck. Reserv is a modern full stack TPA with technology underpinning all of its operations. Reserv leverages tech to drive efficiency and optimal claims outcomes and combines that with best-in-class customer service in an industry that is known for the opposite. Reserv is the first Altai Ventures incubated start-up.

    CJ Pryzbyl & Martha Dreiling Co-Founder/CEO & Co-Founder/COO Former Co-Founder of Snapsheet
  2. Picture of Rashmi Melgiri
    Functional finance
    Rashmi Melgiri

    Following Aon's acquisition of CoverWallet, where Rashmi was a co-founder, she experienced firsthand the extreme inefficiencies of the insurance back office. “Why are there more than twenty people copied on an email chain to reconcile $67.50?” she wondered. Typically, MGAs use a variety of systems, from policy admin to ePay to accounting, etc., and undertake a manual reconciliation process as all of these point solutions leave cracks in between them. Functional Finance looks to solve this pain point algorithmically by working with newly established MGAs that don't have this problem, as well as with existing MGAs that understand the pain point directly.

    Rashmi Melgiri Co-Founder/CEO Former Co-Founder of CoverWallet
  3. Picture of Ahmed Khaishgi
    Autocomplete
    Ahmed Khaishgi

    After building one of the most successful insuretech startups to date (SquareTrade sold to Allstate for $1.4B), Ahmed set his sights on another large pain point in the insurance industry – the substantiative cost of customer acquisition for personal auto insurance. Large carriers, such as State Farm and Geico, spend $15B on marketing and have physical brick-and-mortar stores to fuel customer acquisition. The team at AutoComplete believes that personal auto insurance should be purchased at point of sale with a seamless tech enabled experience when the consumer is making the decision to either buy or lease a car.

    Ahmed Khaishgi Co-Founder/CEO Former Co-Founder of SquareTrade
  4. Picture of Mike Saltzman & Tom Vykruta
    EvolutionIQ
    Mike Saltzman & Tom Vykruta

    Following their respective careers at Google and Bridgewater Associates, Tom and Mike were in search of a complex problem that deep machine learning could tackle and decided on insurance claims workflow. In the evolution of insuretech to date, claims as an area has received the least attention and while other areas of insurance (distribution, underwriting, data, etc.) have matured, claims has continued to lag behind. EvolutionIQ's focus has been on disability and workers compensation claims, areas that represent large markets where the team aims to have data and machine learning models drive insight into a claims adjuster's everyday decision making.

    Mike Saltzman & Tom Vykruta Co-Founder/Co-CEO & Co-Founder/CTO
  5. Picture of Kabir Syed
    Ennabl
    Kabir Syed

    Having started and successfully sold RiskMatch to Vertafore, Kabir decided to pursue the path of a repeat founder. Prior to RiskMatch as a broker at Marsh, Kabir witnessed the pain points insurance brokers faced with utilizing disparate data to provide effective solutions to clients. Many brokerages came together through acquisitions given the highly fragmented nature of the industry and, as a result, were stuck with numerous systems delivering poor and inconsistent data. In order to streamline insurance workflows and enable brokerages to effectively drive new and renewal business, Kabir set out to create a platform that could become the single source of truth for a brokerage's data and subsequently layer in meaningful analytics and insights.

    Kabir Syed Co-Founder/CEO Former Founder of RiskMatch
  6. Picture of Matthew & Michael Vega-Sanz
    Lula
    Matthew & Michael Vega-Sanz

    Founded by twin brothers, Matthew and Michael, Lula emerged from another business they started in college. “In the same way that Stripe has built a payment API that eliminates the need for companies to build their own payment infrastructure, we decided we could build an insurance API that eliminates the need for companies to build their own insurance infrastructure.” Embedded insurance will continue to be a large opportunity for the broader economy to offer profitable financial products, while episodic insurance will continue to get traction with Gen Zers who utilize physical assets in a completely different way than prior generations.

    Matthew & Michael Vega-Sanz Co-Founder/CEO & Co-Founder/President
  7. Picture of Bobby Touran
    Rainbow
    Bobby Touran

    Bobby's first foray into insurance began with his exploration of the E&S space, while working with Max Levchin's VC firm, SciFi Ventures. This experience led Bobby to launch Pathpoint Insurance, a tech first wholesale insurance broker. After scaling Pathpoint, Bobby decided that his true passion was being a zero to one founder and he set out to launch another startup in insurance, an industry he became deeply passionate about. Bobby believed that customer centricity lacked in the SMB insurance market and thus launched Rainbow Insurance to build verticalized solutions for SMBs one segment at a time, but with technology and risk management underpinning all verticals.

    Bobby Touran Co-Founder/CEO Former Co-Founder of Pathpoint
  8. Picture of Andrew Bocskocsky & Nevin Raj
    Grata
    Andrew Bocskocsky & Nevin Raj

    There are some 27 million firms in the U.S. and nearly all are privately held. The vast majority have fewer than 500 employees, but account for 48% of American jobs and 43.5% of GDP. Despite accounting for nearly 50% of the US economy, private companies are challenging to find, let alone ascertain the most basic information about what they do. This lack of information has made it difficult for companies looking to engage this massive, but elusive market. Andrew and Nevin (classmates at Harvard) decided to build a search and intelligence engine for finding and analyzing private companies. “Whether you're looking to acquire, invest, underwrite, partner with these businesses, we want to be your front door to private companies, at the end of the day.”

    Andrew Bocskocsky & Nevin Raj Co-Founder/CEO & Co-Founder/COO
  9. Picture of Michael Konialian & Jack Arenas
    Modern life
    Michael Konialian & Jack Arenas

    Michael had spent a number of years launching a variety of products at CoverWallet and following its acquisition by Aon, decided to pursue his own venture. He personally experienced the painful process of purchasing life insurance and at that time paired up with Thrive Capital, a fund that incubated Oscar Health, to incubate another tech first insurance incumbent, but this time in life insurance and on the distribution side, which Michael knew from his time at CoverWallet. Michael partnered up with Jack as his CTO and Co-founder, whom he had known for many years and who was previously co- founder and CTO of Petal, another successful fintech startup.

    Michael Konialian & Jack Arenas Co-Founder/CEO & Co-Founder/CTO Former Co-Founder of Petal
  10. Picture of Rory O'Connell
    Leap
    Rory O'Connell

    Having launched Insurent as founding COO, the first player in residential lease guaranty, Rory developed a passion for the different facets underpinning this business – the ability to help students, the low loss ratios (some of the best in the insurance industry), and the flexibility to digitally embed such a financial product. It took him fifteen years and a few different journeys with successful fintech startups to come back to the space in an effort to buy Insurent. Not being able to agree on price, Rory decided to start his own business instead and thus launched Leap in 2018.

    Rory O'Connell Co-Founder/CEO Former Co-Founder of Insurent
  11. Picture of Kyle Babirad & Cole Riccardi
    Authentic
    Kyle Babirad & Cole Riccardi

    As a fintech investor at Aquiline Capital Partners, Cole explored many insuretech business models and developed a passion for the industry. His calling was to become an entrepreneur, but he hadn't settled on an idea. He began to call colleagues across PE, the likes of Thoma Bravo and Serent Capital, to understand how they were thinking about embedding insurance products into their roll-up-oriented portfolio companies. Out of many possible approaches, most wanted to find a way to retain profitable risk through captives, but the process of a captive setup was too cumbersome for non-insurance people to figure out and was generally not a priority to pursue. Simplifying this process through technology is what Cole set out to do with Authentic, and he brought on Kyle, who has deep actuarial experience, as his co-founder.

    Kyle Babirad & Cole Riccardi Co-Founder/COO & Co-Founder/CEO
  12. Picture of Chris Kolger & Aaron Steffey
    Propeller
    Chris Kolger & Aaron Steffey

    Cousins Aaron and Chris are surety through and through. Aaron got his foothold into the surety market through the agency side of the industry, while Chris came up through underwriting commercial surety at Chubb. Both would meet for coffee multiple times a week to brainstorm pain points and ideas for starting a business in the space, as both knew they wanted to be entrepreneurs in the long term. Having seen the power of modern low code technology applied to personal auto and life insurance, both Chris and Aaron believed that the same applications held true for small ticket surety transactions at the agency level. This became the core initial wedge for the Propeller offering.

    Chris Kolger & Aaron Steffey Co-Founder/Co-CEO & Co-Founder/Co-CEO