About MTech Capital
MTech Capital is a venture capital firm founded in 2016. It is primarily based out of Santa Monica, United States. As of Oct 2026, MTech Capital is an active investor, having invested in 38 companies, with 5 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Seed round of Nettle Overall, MTech Capital portfolio has seen 1 unicorn and 3 acquisitions including key companies like Corvus Insurance, Bold Penguin and Unqork. A lot of funds co-invest with MTech Capital, with names like Portfolio Ventures sharing a substantial percentage of its portfolio. MTech Capital has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
MTech Capital's List of Top Investments
MTech Capital has a portfolio of 38 companies, one of which is a Unicorn. Their most notable investments are in Rest Less and CyberCube.Their portfolio spans across United States, United Kingdom, France and 2 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 12 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by MTech Capital:
1. Insurify
Online comparison platform for car insurance. It offers insurance quotes for accident coverage, home protection, vehicle repair protection, property damage protection, life coverage, and more. It also offers claim assistance solutions.
Key facts about Insurify
- Founded Year: 2013
- Location: Cambridge (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $154M
- Employee Count: 249 as on Aug 31, 2026
- Investors: Nationwide, MassMutual Ventures and 11 Others
- Latest Funding Round: Series B, Apr 25, 2023, $*****
- Highlight: Editors' Pick
AI based policy development software for the commercial insurance industry. It offers first party and third party coverage for technology services, technology products, and professional services. It also uses proprietary risk models built on data points from IoT sensors to inform underwriting, coverage, and rate while also helping to minimize or prevent cargo damage.
Key facts about Corvus Insurance
- Founded Year: 2017
- Location: Boston (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $162M
- Employee Count: 86 as on Sep 30, 2026
- Investors: Amplefields Investments, .406 Ventures and 11 Others
- Latest Funding Round: Series C, Mar 05, 2021, $*****
- Highlight: Acquired
3. Bold Penguin
Software suite for the commercial insurance industry. It offers products for quoting and binding, customer retention, and risk data aggregation and more. It connects businesses, agents, and carriers by reducing friction in the policy buying process.
Key facts about Bold Penguin
- Founded Year: 2016
- Location: Columbus (United States)
- Stage: Acquired
- Total Funding till date: $50.1M
- Employee Count: 256 as on Sep 30, 2026
- Investors: Pivot Ventures, Tribeca ESP and 8 Others
- Latest Funding Round: Series B, Sep 23, 2019, $*****
- Highlight: Acquired
Provider of pricing and reserving platform for the insurance industry. The platform offers data processing, risk assessment, demand analysis, rate building, and deployment tools for pricing. It also provides solutions for loss review, liability management, and actuarial triangle generation for reserving. The platform aims to enhance speed, performance, and transparency in pricing and reserving processes.
Key facts about Akur8 Technologies
- Founded Year: 2018
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $180M
- Employee Count: 234 as on Mar 31, 2026
- Investors: FinTLV, Partners Group and 8 Others
- Latest Funding Round: Series C, Sep 16, 2024, $*****
- Highlight: Editors' Pick
5. Voxel AI
Developer of an industrial intelligence platform that leverages computer vision to provide real-time insights for workplace safety and operations. The platform integrates with existing camera infrastructure to monitor environments and identify risks related to people, vehicles, equipment, and workplace conditions. By transforming visual data into actionable information, the technology assists teams in proactively managing operational hazards, improving safety compliance, and enhancing overall productivity. The system supports workflows that include task assignments and coaching opportunities to help organizations maintain safer and more efficient industrial environments.
Key facts about Voxel AI
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $83M
- Employee Count: 136 as on Aug 31, 2026
- Investors: Ericsson, World Innovation Lab and 11 Others
- Latest Funding Round: Series B, Oct 29, 2025, $*****
- Highlight: Editors' Pick
MTech Capital's Year-on-Year Investment Trends
MTech Capital has invested in 38 companies over the last 7 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 7 investments, while as of Oct 2026, it has made 3 investments in this year. Its most recent first time investment was in Nettle and most recent follow-on round was in Qumis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 3 | 4 | 7 |
2024 | 2 | 1 | 3 |
2023 | 4 | 3 | 7 |
2022 | 7 | 3 | 10 |
2021 | 3 | 1 | 4 |
2020 | 2 | 1 | 3 |
2019 | 5 | 1 | 6 |
MTech Capital's Investments by Stage
MTech Capital has made 10 investments in Seed stage with an average round size of $3.72M, 9 investments in Series A stage with an average round size of $13.7M, 7 investments in Series B stage with an average round size of $27.6M, 2 investments in Series C stage with an average round size of $49.5M and 1 investment in Conventional Debt stage with an average round size of $2M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 9 |
Series B | 7 |
Series C | 2 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
MTech Capital's Investments by Sector
MTech Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, InsurTech, Vertical SaaS and Consumer. Notably, it has invested in 35 Tech companies, 30 Enterprise (B2B) companies, 25 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
FinTech | 20 |
InsurTech | 15 |
Vertical SaaS | 7 |
Consumer | 3 |
Others | 19 |
Note: We have considered here, only first round of investments
MTech Capital's Investments by Geography
MTech Capital has made most investments in United States (18), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 18 |
United Kingdom | 8 |
France | 2 |
Germany | 1 |
Note: We have considered here, only first round of investments
MTech Capital's recent investments
MTech Capital has made 3 investments in 2026 so far. Nettle and Finovox are the latest among them.Here are the most recent investments by MTech Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 06, 2026 | United Kingdom | Seed | 5756 | [+3] | |
Jun 08, 2026 | France | Series A | 2266 | [+4] | |
Feb 03, 2026 | United States | Series A | 1288 | [+1] | |
Dec 05, 2025 | United States | Series A | 1743 | ||
Nov 26, 2025 | United States | Seed | 1622 |
Unicorns in MTech Capital's Portfolio
MTech Capital has 1 unicorn in its portfolio - Unqork. The most recent unicorn in their portfolio is Unqork which became a unicorn in 2020, 6 years before MTech Capital first invested in it.Here is a list of unicorns in MTech Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Provider of cloud computing and enterprise software solutions | 2017 | New York City | Series C | udjratk |
Acquired companies in MTech Capital's Portfolio
3 companies from MTech Capital's portfolio have been acquired. The most recent acquisition was Plum Life in Jun 2024 by Simplicity Group Holdings for $*****.Here are MTech Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 04, 2024 | Mar 02, 2022 | Seed | 5854 | |
Nov 03, 2023 | Dec 19, 2019 | Series B | 5606 | |
Jan 14, 2021 | - | - | 3411 |
Team profile of MTech Capital
MTech Capital has a team of 4 members including 2 Partners and 2 Principals located in United Kingdom and United States. MTech Capital's team does not sit on the board of any company as of now.Here is a list of all team members in MTech Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | Greenwich | - | ||
Principal | United Kingdom | - | ||
Principal | Los Angeles | - |
Co-investors of MTech Capital
Over the past 7 years, 203 investors have co-invested in MTech Capital's portfolio companies. This includes funds and angels.
- Invested before MTech Capital: Nationwide, ForgePoint Capital and 62 others have invested in rounds before MTech Capital. There are 2 companies where Nationwide has invested before MTech Capital and 2 companies where ForgePoint Capital has invested before MTech Capital.
- Top Co-investors of MTech Capital: 67 investors entered a company along with MTech Capital. These include investors like Portfolio Ventures (3 companies).
- Invested after MTech Capital: A total of 72 investors have invested in MTech Capital's portfolio after their investments. Top Investors include Moneta (2 companies), Viola Group (2 companies) and FinTLV (2 companies).
Recent News related to MTech Capital
•
Irish-founded insurtech Nettle raises $4.8m seed roundSilicon Republic•Oct 06, 2026•MTech Capital, nettle
•
Pasito Raises $21 Million Series A Led by Insight Partners to Build AI Workspace for the Benefits Industryintelligence360•Feb 23, 2026•Pasito, Insight Partners, MTech Capital, Y Combinator
•
Qumis Raises $4.3M to Bring Attorney-Grade Coverage Intelligence to InsuranceBenzinga•Feb 19, 2026•Qumis, MTech Capital, American Family Ventures
•
YC alum Pasito raises $21M to transform messy benefits data into a smart AI workspaceTech Funding News•Feb 03, 2026•Pasito, Insight Partners, MTech Capital, Y Combinator
•
Curvestone AI Secures $4M Funding for AI Automation in Regulated IndustriesSiliconAngle•Dec 04, 2025•MTech Capital, Curvestone, Boost Capital Partners, D2 Fund and 1 other
•
CyberCube Receives Over $180M From Spectrum EquityFinSMEs•Oct 02, 2025•Hudson Structured Capital Management, MTech Capital, CyberCube, ForgePoint Capital and 5 others
•
COVR Global Secures $2.5 Million in Seed Funding to Revolutionize Insurance ClaimsCoverager•Jun 23, 2025•COVR Global, MTech Capital, B Capital
•
Voxel Raises $44M in Series B Funding to Transform Workplace Safety with its AI-Powered Platformintelligence360•Jun 16, 2025•Voxel AI, NewRoad Capital Partners, Rite-Hite, Tokio Marine and 4 others
•
Napo Secures £12m Series B Funding to Transform Pet InsuranceFintech Finance•Feb 28, 2025•Napo, Mercia, DN Capital, Companion Fund and 3 others
•
Napo funding news - London-based Napo Secures €14.4 Million in Series B Round FundingStartup Rise EU•Feb 26, 2025•Napo, Mercia, DN Capital, Digitalis Ventures and 3 others
