As an emerging insurance manager, raising funds can be a daunting task, especially in uncertain economic times. However, there are success stories out there, like Overture VC, who raised $60 million for their debut fund despite the challenges. In this blog post, we will explore the principles that Overture VC followed to achieve their fundraising goals and how you can apply them to your own fundraising efforts.

Introduction

Fundraising is never easy, but it’s especially challenging for emerging insurance managers. With high interest rates, anxious limited partners (LPs), and economic uncertainty, it can be difficult to raise millions of dollars. However, Overture VC has shown that it’s possible to succeed even in these challenging times. They raised $60 million for their debut fund, which focuses on climate tech. In this post, we’ll explore the principles that Overture VC followed to achieve their fundraising goals.

Main Body

Rule #1: Don’t Get Too Caught Up in the Macro

Overture VC’s managing partner and co-founder, Shomik Dutta, advises not to get too caught up in the macro. Instead, focus on finding great companies at reasonable valuations and backing them up and down markets. There are many things that you can’t control, so it’s essential to focus on what you can control. This principle is especially relevant in uncertain economic times when it’s easy to get caught up in the macroeconomic environment.

Rule #2: Expertise Matters

Overture VC’s founders have unique experience working in government, which they leverage to help early-stage companies navigate regulatory concerns. This expertise is especially valuable in climate tech startups, where regulatory concerns are top of mind. Startups and governments work at different paces, and it can be challenging to get on the same page. However, with the right expertise, startups can learn how to talk to lawmakers and navigate regulatory hurdles.

Rule #3: Build a Track Record

Overture VC has been investing as they go, proving their thesis and building a track record. This approach has helped them attract LPs who are looking for a proven track record. By investing in great companies early on and providing deep regulatory expertise, Overture VC has accelerated the growth of their portfolio companies. LPs like Insight Partners, WovenEarth Ventures, and Schneider Electric’s corporate venture arm, SE Ventures, have invested in Overture VC because of their track record.

How Parametric Insurance Can Help

Parametric insurance can help emerging insurance managers like you by providing a fast and reliable way to turn real-time data into insurance. With unique real-time data and dynamic risk modeling, you can build and operate parametric insurance at scale. This approach can help you attract LPs who are looking for innovative solutions to manage risk.

Conclusion

Raising funds as an emerging insurance manager is challenging, but it’s not impossible. By following the principles that Overture VC used to raise $60 million for their debut fund, you can increase your chances of success. Remember to focus on what you can control, leverage your expertise, and build a track record. And if you’re looking for an innovative solution to manage risk, get in touch with Riskwolf to learn more about parametric insurance. With Riskwolf, you can turn real-time data into insurance. Using unique real-time data and dynamic risk modeling, we enable insurers to build and operate parametric insurance at scale. Simple. Reliable. Fast.

Source: Fortune