About Aflac Ventures
Aflac Ventures is a venture capital firm founded in 2016. It is primarily based out of Columbus, United States. As of May 2025, Aflac Ventures has invested in 35 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Series C round of Empathy Overall, Aflac Ventures portfolio has seen 3 unicorns, 2 IPOs and 7 acquisitions including key companies like Betterment, Sharecare and Singlife. A lot of funds co-invest with Aflac Ventures, with names like Allianz sharing a substantial percentage of its portfolio. Aflac Ventures has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Aflac Ventures' List of Top Investments
Aflac Ventures has a portfolio of 35 companies, including 3 unicorns. Their most notable investments are in BondCliq and Tricog.Their portfolio spans across United States, India, Japan and 3 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 8 other sectors, across stages such as Series B, Series A and 3 more. Here is the list of top investments by Aflac Ventures:
1. Betterment
Betterment is an app-based automated investment and retirement planning platform. It provides tools for spending, saving, and developing customised plans for the future. Users focus on investing in ETFs and cash reserves for long-term financial goals. the app is available for Android and iOS platform.
Key facts about Betterment
- Founded Year: 2010
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $335M
- Employee Count: 647 as on May 31, 2026
- Investors: SeedFord Partners, Glean Management and 42 Others
- Latest Funding Round: Conventional Debt, Sep 29, 2021, $*****
- Highlight: Editors' Pick
2. Sharecare
Provider of health and wellness social network for employees. It offers a platform that provides personalized health-related information, programs, and resources to consumers. It provides tools for tracking health metrics such as weight, sleep, and activity levels, allowing users to manage their health. It allows users to fill out their profile with details like height, weight, age, insurance information, primary care physician, and current medications.
Key facts about Sharecare
- Founded Year: 2010
- Location: United States
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $64M
- Employee Count: 3,840 as on May 31, 2026
- Investors: Wellington, UNC Kenan-Flagler Private Equity and 25 Others
- Latest Funding Round: Series C, Oct 29, 2019, $*****
- Highlight: Acquired
3. Singlife
Provider of an app-based life and health insurance platform. It offers quotes for term life insurance, critical illness, death, terminal illness, cancer plans, and more. It also provides claims processing services. It offers wealth management services. It allows users to track insurance and control money spending. Its app is available on Android and iOS platforms.
Key facts about Singlife
4. Greenlight
App-based investment platform for kids and teens. The company offers debit cards for kids. It empowers parents to teach trade-off decisions, money management, and the power of saving with an app.
Key facts about Greenlight
- Founded Year: 2014
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $556M
- Employee Count: 661 as on May 31, 2026
- Investors: New Enterprise Associates, DST Global and 36 Others
- Latest Funding Round: Series D, Oct 04, 2023, $*****
- Highlight: Editors' Pick
5. Empathy
Provider of support solutions for legacy planning, loss, and leave. The company offers tools and guidance for navigating transitions and challenges. It delivers support for emotional, logistical, and practical needs. The company provides solutions for financial institutions, consultants, and employers.
Key facts about Empathy
- Founded Year: 2021
- Location: New York City (United States)
- Stage: Series C
- Total Funding till date: $162M
- Employee Count: 233 as on May 31, 2026
- Investors: Adams Street Partners, General Catalyst and 28 Others
- Latest Funding Round: Series C, May 29, 2025, $*****
- Highlight: Editors' Pick
Aflac Ventures' Year-on-Year Investment Trends
Aflac Ventures has invested in 35 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Empathy and most recent follow-on round was in Ushur.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 7 | 1 | 8 |
2021 | 5 | 0 | 5 |
2020 | 3 | 0 | 3 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
2017 | 1 | 0 | 1 |
Aflac Ventures' Investments by Stage
Aflac Ventures has made 8 investments in Series B stage with an average round size of $15M, 6 investments in Series A stage with an average round size of $6.12M, 4 investments in Series C stage with an average round size of $35M, 2 investments in Seed stage with an average round size of $5.1M and 1 investment in Series F stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Series B | 8 |
Series A | 6 |
Series C | 4 |
Seed | 2 |
Series F | 1 |
Note: We have considered here, only first round of investments
Aflac Ventures' Investments by Sector
Aflac Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, HealthTech, InsurTech and Vertical SaaS. Notably, it has invested in 30 Tech companies, 25 Enterprise (B2B) companies, 19 Software companies and at least 14 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
FinTech | 11 |
HealthTech | 8 |
InsurTech | 5 |
Vertical SaaS | 4 |
Others | 8 |
Note: We have considered here, only first round of investments
Aflac Ventures' Investments by Geography
Aflac Ventures has made most investments in United States (14), followed by Japan where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Japan | 4 |
India | 2 |
Thailand | 1 |
Note: We have considered here, only first round of investments
Aflac Ventures' recent investments
Aflac Ventures has not made any investment in 2026 so far.Here are the most recent investments by Aflac Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 29, 2025 | United States | Series C | 1483 | [+15] | |
Nov 04, 2022 | United States | Series C | 5704 | [+3] | |
Oct 25, 2022 | Japan | Series B | 5665 | [+3] | |
May 23, 2022 | Japan | Series B | 2713 | [+1] | |
May 05, 2022 | United States | Seed | 3580 | [+4] |
Unicorns in Aflac Ventures' Portfolio
Aflac Ventures has 3 unicorns in its portfolio - Kindbody, Betterment and Greenlight. The most recent unicorn in their portfolio is Kindbody. It became a unicorn in 2022, 4 years before Aflac Ventures first invested in it.Here is a list of unicorns in Aflac Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Provider of fertility services for women | 2018 | New York City | Series D | yyh{ogs | ||
80 | App-based automated investment and retirement planning platform | 2010 | New York City | Series F | bkhojkg | ||
74 | App-based investment platform for kids and teens | 2014 | Atlanta | Series D | wyfqcqp |
IPOs and Publicly Listed companies in Aflac Ventures' Portfolio
2 of Aflac Ventures' portfolio companies have become public. Pagaya got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2021 at marketcap of $312M.Here are Aflac Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 25, 2021 | - | - | 6141 | |
- | - | - | 3472 |
Acquired companies in Aflac Ventures' Portfolio
7 companies from Aflac Ventures' portfolio have been acquired. The most recent acquisition was ACT Genomics in Jun 2025 by Delta Electronics for $*****.Here are Aflac Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 18, 2025 | - | - | 2029 | |
Jun 21, 2024 | Oct 29, 2019 | Series C | 4515 | |
Jun 04, 2024 | Oct 28, 2019 | Series C | 5785 | |
Dec 22, 2023 | - | - | 9034 | |
Jan 09, 2023 | Feb 20, 2018 | Series B | 6522 |
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Team profile of Aflac Ventures
Aflac Ventures has a team of 2 members located in United States. Aflac Ventures' team does not sit on the board of any company as of now.Co-investors of Aflac Ventures
Over the past 9 years, 305 investors have co-invested in Aflac Ventures's portfolio companies. This includes funds and angels.
- Invested before Aflac Ventures: MassMutual Ventures, Allianz Life Ventures and 200 others have invested in rounds before Aflac Ventures. There are 2 companies where MassMutual Ventures has invested before Aflac Ventures and 2 companies where Allianz Life Ventures has invested before Aflac Ventures.
- Top Co-investors of Aflac Ventures: 82 investors entered a company along with Aflac Ventures. These include investors like Allianz (2 companies).
- Invested after Aflac Ventures: A total of 21 investors have invested in Aflac Ventures's portfolio after their investments. Top Investors include Runway Growth Capital (1 company), ORIX (1 company) and Sony Innovation Fund (1 company).
Recent News related to Aflac Ventures
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Ichiro raises 1.13 billion yen in Series B for its customized care serviceTHE BRIDGE•Sep 12, 2025•FTI, Aflac Ventures, JIICHIRO
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Empathy Secures $72M in Series C Funding to Expand Bereavement Support and Legacy PlanningFinSMEs•May 29, 2025•Empathy, Adams Street Partners, General Catalyst, Index Ventures and 13 others
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Kakehashi completes Series C funding of 9.4 billion yenKakehashi•Mar 29, 2023•Kakehashi, DNX Ventures, Aflac Ventures, Chiba Dojo
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Ushur Raises $50M in Series C FundingFinSMEs•Feb 07, 2023•Ushur, Third Point Ventures, Iron Pillar, 8VC and 4 others
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400F, which operates "Money Health Checkup", raises 1.2 billion yen in Series B from SBI Investment, etc.THE BRIDGE•Oct 25, 2022•SBI Mutual Fund, 400F, Okaneko, T&D Innovation and 3 others
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With $17M funding round, senior caregiving startup TCARE plans to hire 100 employeesThe Business Journals•Sep 08, 2022•TCARE, American Family Ventures, Ziegler, Inception Health and 7 others
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PhableCare to use $25 million raised in Series B funding round for expansion, customer acquisitionCNBC-TV18•Apr 18, 2022•Phable, Aflac Ventures, Kalaari Capital, Digital Horizon and 5 others
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Healthtech Startup Phable Bags $24.5 Mn From Aflac Ventures, Kalaari CapitalInc42•Apr 11, 2022•Phable, Aflac Ventures, Kalaari Capital, OMRON and 7 others
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Digital Life Insurance Platform Covr Financial Technologies Completes $15m Series B Fundraising RoundFintech Finance•Apr 08, 2022•Covr, Stone Point Capital, Sony Innovation Fund, Aflac Ventures and 6 others
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Pendella Technologies Raises $5.2M in Seed-2 Funding Led By Top Insurtech InvestorsFintech Finance•Mar 01, 2022•Pendella, American Family Ventures, MassMutual Ventures, TASC Ventures and 5 others
