Nassau Financial Group commits $10M to support tech startups in CT, NY
HBJ Photo | Matt Pilon
Nassau Financial Group is headquartered at Hartford's Boat Building, 1 American Row.
Hartford-based financial services company Nassau Financial Group has allocated $10 million in capital to support early- and mid-stage startups in the insurtech, fintech and retiretech sectors in Connecticut and New York.
The initiative is an expansion of the company’s
Reimagine program, an insurtech incubator and accelerator that has provided resources to more than 100 startups since it was established in 2019.
In an announcement Monday, Nassau said the capital commitment supports its mission to advance innovation in the insurance industry.
“We are excited to expand our Nassau Reimagine program with additional capital and resource support,” said Phil Gass, chairman and CEO of Nassau. “... Through this added commitment, we look forward to enabling technological innovation for the insurance industry with new companies in our communities.”
Nassau said it will use existing relationships within its Reimagine network to identify investment opportunities, including state economic development programs, academic institutions and industry organizations.
Interested startups can click here to learn more about Nassau Reimagine.
Nassau, headquartered in Hartford’s iconic Boat Building, had $24.8 billion in assets under management and 370,000 policyholders and contract holders as of Dec. 31, 2024. The company has about 500 employees.
Most Recent
Most Recent
0 Comments