How many investments has Altai Ventures made?

Altai Ventures has 30 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.

What stage does Altai Ventures invest at?

Altai Ventures invests at the Pre-Seed, Seed, Series A stages.

What sectors does Altai Ventures focus on?

Altai Ventures focuses on Fintech.

Where is Altai Ventures located?

Altai Ventures is headquartered in Westport, US.

Who does Altai Ventures co-invest with?

Altai Ventures most often shares deals with Chaos Ventures, Clocktower Ventures, 8VC, among 69 tracked co-investors.

Altai Ventures

Venture capitalActively deploying

Westport · Pre-Seed–Series A · 17 people tracked

Also known as ALTAI VENTURES ADVISORS, LLC · Altai Ventures Special

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Investment thesis

Altai Ventures is a specialist venture capital firm dedicated to backing and incubating early-stage startups in financial services. Its mission is to empower exceptional founders reinventing the financial services industry, and it aims to be among the first VCs a founder considers when building a fintech business. The firm operates according to a set of guiding principles emphasizing striving for excellence, independent thinking, going beyond hard work in service of founders and partners, and gratitude.

Invests inFintech Westport

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series A

Westport, NY, US

Instruments

Equity

Founded

2020

Last 12 months

1 investment

Private fund assets

$180.2M

VC funds

Tracked investments

Team · 17 people

from the firm's website & curated

Oleg Ilichev· Managing Partner· Connecticutin

Oleg A. Ilichev is the Founder and Managing Partner of Altai Ventures, with more than 20 years of venture capital, growth equity, operating, and advisory experience in financial services. He co-founded Reserv, an insurance claims technology startup, and in 2017 founded Argo Ventures, a fintech-focused investment practice backed by Argo Group International Holdings, where he had previously served as SVP and CFO of US Operations and in other corporate finance roles. Earlier in his career he worked at Bear Stearns Merchant Banking and in Bear Stearns' Financial Institutions Investment Banking Division. He holds a BA in Economics from Columbia University and an MBA from MIT.

Melissa Beight· Principal· New York, New York, United Statesin

Melissa Beight is a Principal at Altai Ventures. She previously served as a Senior Manager at Vivaldi, a business transformation firm, advising B2B and B2C clients in automotive software, education, and financial services on go-to-market, business, and product strategy, and also worked with early-stage startups on MVP definition and pitch decks. Earlier she led user research, UX, product strategy, and design thinking at Motivate Design, and holds a BBA in Strategic Design and Management from Parsons School of Design.

Paul Ross· Venture Partner, Asset & Wealth Management· New York City Metropolitan Areain

Venture partner and former Bridgewater executive who brings systems thinking and leadership to teams.

Andrei Hagiu· Adviser - Platforms

Andrei Hagiu is an Associate Professor of Information Systems at Boston University's Questrom School of Business, and previously held faculty roles at Harvard Business School and MIT Sloan. He holds a PhD in economics from Princeton University. His research and teaching center on platform businesses, and he advises and angel invests in startups building platforms and marketplaces.

Bill Marcoux· Adviser - Insurance

Bill Marcoux serves as a senior advisor to Altai Ventures on insurance-industry matters, with 40 years of experience in the insurance sector. He founded WCM Advisory, LLC, and previously led DLA Piper's Corporate Insurance Practice and co-led the global insurance sector practice at Dewey & LeBoeuf in London and New York. He also holds roles with the Insurance Development Forum, the International Insurance Society, and an advisory committee at Michigan Law School.

Chris Mattice· Adviser - Customer Service

Chris Mattice is an executive focused on customer service and operations. He has served for over 11 years as Chief Operating Officer and Chief Financial Officer at Zappos, overseeing areas including customer loyalty, finance, strategy and analytics, supply chain and operations, pricing, and FBA operations. Earlier he was a founding member of Acclarent, an ENT medical device company acquired by Johnson & Johnson, where he oversaw customer service, HR, IT, operations, and finance. He is a graduate of Ohio State University's College of Business.

Dave Ferrucci· Adviser - Artificial Intelligence

David Ferrucci is a computer scientist and entrepreneur who advises Altai Ventures on artificial intelligence. He led the IBM and academic team that developed the Watson computer system between 2007 and 2011, and later founded Elemental Cognition, where he served as CEO and Chief Scientist. He holds a B.S. in biology from Manhattan College and a Ph.D. in computer science from Rensselaer Polytechnic Institute, and worked at IBM from 1995 to 2012 before joining Bridgewater Associates.

Domenica Garvin· User Researcher

Domenica Garvin is a user researcher on the Altai incubation team with two decades of experience in market and design research. She has worked with clients ranging from startups to Fortune 500 companies, primarily in the financial and healthcare sectors, running mixed-method research programs and collaborating with design teams on product specifications and MVP concepts.

Gonzalve Bich· Adviser - Direct to Consumer

Gonzalve Bich is a business leader and strategic advisor with over 20 years of experience in global growth and operational transformation. He previously served as CEO of BIC, where he led a modernization effort that grew revenue past €2 billion, raised the annual innovation rate to 10% of Net Sales, and executed M&A adding Personal Care, Digital Writing, and Tattoo verticals; earlier at BIC he held roles in Business Development, Marketing, Innovation, and Global Operations. He began his career as a management consultant at Deloitte and now advises and invests in early-stage consumer brands, while lecturing at business schools in the US and Europe.

Jackie Xuan· Senior Associate· New York, New York, United Statesin

Jackie Xuan previously worked at Athene in the retirement services industry, where she focused on product development and M&A, helping launch Structured Settlements and Defined Contribution guaranteed income lines and executing a block reinsurance transaction with FWD Japan. Earlier she was a Corporate Strategy and M&A analyst at MassMutual, involved in transactions including the Great American (now MassMutual Ascend) acquisition. She holds a Bachelor's degree in Economics from Wellesley College.

Mark Payne· Venture Partner - FI Corporate Innovation· Brooklyn

Mark Payne is co-founder and CEO of Electric, a strategy, innovation, and ventures firm launched in New York in 2022. He previously co-founded and served as President of Fahrenheit 212, a global innovation consultancy started in 2002 that was acquired by Capgemini in 2016. He authored the book "How to Kill a Unicorn" and has spoken at institutions including Harvard Business School, MIT, Columbia, and Wharton.

Paul Ross· Adviser - Strategy and Execution· Connecticut

Paul Ross joined Bridgewater in 2004, where he became a Partner and most recently served as Head of the Investment Engine, overseeing the firm's investment activity across a team of around 400 people. His earlier roles there included Co-Head of Client Service and Marketing and leading Digital Strategy and Transformation, building a client-facing digital research and analytics platform. He holds a degree in Economics from Harvard University and is also a Venture Partner at Switch Ventures.

Richard Booth· Senior Venture Partner - Insurance

Richard Booth is a Senior Venture Partner at Altai Ventures focused on insurance, and has advised insuretech companies since 2014. He previously served as Vice Chairman of Guy Carpenter & Company, as Chairman, President and CEO of HSB Group, and as Vice Chairman of AIG, and earlier held senior roles including President and COO of the Travelers Corporation. He holds a Bachelor's and Master's from the University of Hartford Barney School and holds CPA, CLU, and ChFC credentials.

Sanjiv Sobti· Venture Partner - Banking

Sanjiv Sobti has worked for over 30 years at Wall Street firms with a focus on financial services and banking. He held senior roles including Senior Managing Director at Bear, Stearns & Co., Managing Director and head of M&A for Financial Institutions at J.P. Morgan, and Managing Director at Lehman Brothers, and earlier worked at Goldman Sachs; since 2007 he has run an independent consulting business and advised Credit Suisse. He holds a B.A. from St. Stephen's College, University of Delhi, and an M.B.A. and Ph.D. in Finance from The Wharton School, University of Pennsylvania.

Siddharth Singh· Strategist

Sid Singh is a repeat entrepreneur and strategist on Altai's incubation team, with experience building products and ventures across private equity portfolio companies and financial services. He co-founded Bolder Money, a financial coaching platform focused on the mental health of money, and earlier founded Made With Joy. His prior roles include a Founder Fellowship at Primary Venture Partners, mentoring at First Round Capital, and leading venture development and growth strategy at innovation consultancy Fahrenheit 212. He holds a degree in Information Systems Engineering from Imperial College London.

Todd Ruppert· Venture Partner - Wealth/Asset Management

Todd Ruppert is the founder and CEO of Ruppert International, a firm with global interests spanning education, financial services, technology, arts and entertainment, and strategy consulting. He spent over 40 years in financial services, retiring from T. Rowe Price, where he served as CEO and president of T. Rowe Price Global Investment Services and co-president of T. Rowe Price International, and later as a venture partner at Greenspring Associates. He chairs RSR Partners and holds board roles across a range of companies and organizations.

Tony Catalfano· Venture Partner - Payments

Tony Catalfano is a Venture Partner focused on payments, with roughly 25 years of experience in the payments industry. He was CEO of Worldpay, US from 2012 to 2016, where he co-founded Georgia Tech's Fintech Incubator, and previously held division president roles at Fiserv, which he joined in 2002 via its acquisition of EDS's Consumer Network Services business. He was the founding Chairman of the ATPC and holds a CPCU designation.

What they invest in

from 29 of 30 portfolio companies

InsurTech ×21Fintech ×20SaaS ×12AI & Machine Learning ×11Enterprise Software ×8Consumer ×3Marketplaces ×2Crypto & Web3 ×1

HQs:United States×17United Arab Emirates×1Canada×1United Kingdom×1Mexico×1

Who they back

founder profiles across 15 portfolio companies

60%

solo founders

9 of 15 mapped founding teams

70%

repeat founders

of 10 founders with career history

Founding team size:solo founder×92 founders×53 founders×1

Where their founders studiedfrom 10 founders with education data

Stanford University Graduate School of Business ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 30 tracked

founders shown can be your intro path

By year:2025 · 1 2023 · 23 dated

Aboonaboon.com inOct 2025 · $17.5M

Aboon is a third-party administrator (TPA) platform for financial advisors, letting them prospect, design, sell, launch, and manage 401(k) and retirement plans for business-owner clients.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Nick Gavronsky(Co-Founder & CEO)inAmy Ouellette(Co-Founder & COO)inAlex Calaf(VP, Plan Administration)Nate Krantz(Head of Engineering)Lina Jun(General Counsel)

Co-investorsBain Capital Ventures EJF Ventures OUTPOST VENTURES

Authenticauthenticinsurance.com inSep 2023 · $5.5M

Authentic builds technology infrastructure for specialized insurance programs, enabling brokers and carriers to develop tailored coverage for specific niches and classes.

Enterprise SoftwareInsurTech

Cole Riccardi(CEO & Cofounder)Kyle Babirad(COO & Cofounder)Saravana Kumar(CTO)

Co-investorsClocktower Ventures Commerce Ventures Core Venture Capital Slow Ventures Upper90 BlackRock +6 more

Auto Completeautocomplete.io in

AutoComplete provides car dealerships with an automated platform that compares insurance rates across 20+ insurers to help car buyers save on auto, home, and renters insurance.

FintechInsurTechSaaS

Co-investorsFraser McCombs Capital

BitPaybitpay.com in 𝕏

BitPay provides enterprise-grade tools for cryptocurrency acceptance and spending, enabling businesses and individuals to send, receive, and store digital currencies.

ConsumerCrypto & Web3Fintech

Stephen Pair(Founder)in

Co-investorsDigital Currency Group G Squared Index Ventures K2 Global Menlo Ventures RRE Ventures +3 more

Borrowell Toronto, Canadaborrowell.com in 𝕏

Borrowell offers Canadians free weekly Equifax credit scores and reports, along with credit monitoring, education, and personalized recommendations for financial products from over 75 partner institutions.

ConsumerFintech

Andrew Graham(Founder)in

Co-investorsClocktower Ventures DMZ Ventures Kensington Capital Partners Limited NAventures Rogue Insight Capital White Star Capital +1 more

Class Aclassa.ai

Class A provides general aviation insurance for pilots and aircraft owners, using flight and maintenance data analytics to price policies and reward safer flying.

AI & Machine LearningFintechInsurTech

Comeryxcomeryx.com in

Comeryx is an AI-native managing general agent (MGA) offering a fully digital platform for quoting, binding, and issuing Excess & Surplus insurance for small business artisan contractors.

AI & Machine LearningFintechInsurTech

Co-investorsAmerican Family Ventures Boulder Ventures Echelon Intact Ventures

Credijustocredijusto.com in 𝕏

Covalto is a digital bank in Mexico that provides unsecured financing and investment services to businesses, offering flexible credit terms, fixed-rate investment products, and banking services without traditional collateral requirements.

Enterprise SoftwareFintechMexico City, MX

David Solomon Poritz(Executive Officer, Director)Allan Apoj Pascal(Executive Officer, Director)David Poritz(Founder)in

Co-investorsBreyer Capital Four Acres Capital Supernode Ventures Kaszek Ventures Point72 Ventures

Dashlydashlyhr.net

ennablennabl.com in

ennabl (ennabl.AI) is an AI workspace built for insurance agencies, brokerages, wholesalers, and MGAs that reads policy documents and book-of-business data to automate workflows like renewal prep, submission intake, loss-run summarization, ACORD form filling, quote comparison, and proposal generation.

AI & Machine LearningInsurTechSaaSGreenwich, US

Kabir Syed(Executive Officer, Director)Anton Chudinovskikh(Executive Officer)

BoardEric Reiner(Director)inChris Downer(Director)inJack Butcher(Director)Jim Hackbarth(Director)

Co-investorsBrewer Lane Ventures Vine Ventures

EvolutionIQevolutioniq.com in

EvolutionIQ builds AI-powered guidance software for insurance claims professionals to improve accuracy, fairness, and efficiency in handling injury and disability claims.

AI & Machine LearningEnterprise SoftwareInsurTechNew York, US

Michael Saltzman(Founder)in

BoardKara Hoogensen(SVP Specialty Benefits, Principal Financial Group)Scott Boutin(Chief Claims Officer, Reliance Matrix)

Co-investorsAsymmetric Capital Partners Brewer Lane Ventures First Round Capital FirstMark Capital ICONIQ New York Life Ventures +2 more

Functional Financefunctionalfi.com in

Functional Finance is a SaaS platform that automates billing, invoicing, premium collection, reconciliation, commissions, and money movement for MGAs, wholesalers, and insurance carriers.

FintechInsurTechSaaSSan Francisco, US

Rashmi Melgiri(Executive Officer, Director)Adam Wang-Levine(Executive Officer, Director)James Ermilio(Executive Officer)

Co-investorsNew Enterprise Associates (NEA)Summit Peak Ventures Munich Re Ventures Walkabout Ventures Llc

Gailmeetgail.com in 𝕏

Gail provides conversational AI for insurance, banking, and finance companies, handling customer interactions across voice, SMS, chat, and messaging channels.

AI & Machine LearningFintechInsurTech

Matthew Vega-Sanz(Founder)in

Co-investorsA15 Act One Ventures Florida Funders HTwenty

Gratagrata.com inAcquired

Grata provides bulk access to a private market dataset covering 22M+ global companies with 250+ data points including firmographics, revenue, employee counts, executive contacts, and deal data.

AI & Machine LearningData & InfrastructureFintechSaaS

Co-investorsBling Capital Cerity Partners Ventures Teamworthy Ventures

Incubatedcommonpoint.com

CommonPoint is a technology-enabled professional services company that helps with discovery, vetting, placement, and oversight of third-party administrators (TPAs) in the insurance claims ecosystem.

FintechInsurTechSaaS

Incubatedrelevantsearch.com

Relevant (Global Consultancy House) provides executive recruiting and talent services for the insurance and financial services industries, combining specialized human recruiters with an AI-powered platform.

AI & Machine LearningHR TechSaaS

Morten KramerJim Heptinstall

Incubatedtorchrisk.com in

Torch is a managing general agent (MGA) that provides a platform for underwriters, operators, and technologists to build and manage insurance portfolios, giving carriers access to those portfolios.

FintechInsurTechLondon, GB

Leapleapeasy.com in 𝕏

Leap offers a deposit replacement product that lets renters pay a small monthly fee instead of a large upfront security deposit, along with a rent guaranty product that helps applicants qualify for leases.

FintechInsurTechPropTech

Modern lifemodernlife.com in 𝕏

Modern Life provides technology, support, and access to insurance and financial planning experts to help advisors deliver life insurance and financial planning to clients.

FintechInsurTechSaaSNew York, US

Ryan Pripstein(Executive Officer, Director)inMichael Konialian(Executive Officer, Director, Promoter)in

Co-investorsAbstract Ventures New York Life Ventures Gilgamesh Ventures

Mulberrygetmulberry.com in

Mulberry provides product protection and shopping assurance coverage for online purchases, offering unlimited claims with no deductibles or fees to consumers.

AI & Machine LearningConsumerE-commerceInsurTechSaaSNew York, US

Dominic Chinedu Eleanya(Executive Officer, Director)Chinedu Eleanya(Founder)in

Co-investorsChaos Ventures Commerce Ventures G20 Ventures Kube VC Red Bear Angels Entrepreneurs Roundtable Accelerator (ERA)+1 more

Newfrontnewfront.com in 𝕏Acquired

Newfront is an insurance broker that combines specialty insurance expertise with technology platforms to help clients manage risk and make informed insurance decisions.

Enterprise SoftwareFintechInsurTechSan Francisco, US

Spike Lipkin(Founder/CEO)inGordon Wintrob(Founder/CTO)in

Co-investorsA*Abstract Ventures B Capital Group B4 Capital Bessemer Venture Partners Index Ventures +14 more

Percentpercent.com in 𝕏

Percent operates a software marketplace and platform suite that provides accredited investors with access to private credit investment opportunities, including asset-based financing, corporate loans, and venture capital deals.

Enterprise SoftwareFintechMarketplacesSaaS

Nelson Chu(Founder)in

Co-investorsB Capital Group B4 Capital blue 9 capital Chaos Ventures Coinbase Ventures Evolution Ventures +8 more

Propellerpropellerbonds.com in

Propeller Bonds operates an online platform that automates the underwriting, quoting, and issuance of surety bonds, letting clients apply, get instant approval, pay, and receive bond documents digitally.

FintechInsurTechSaaS

Aaron Steffeyin

Rainbowuserainbow.com in 𝕏

An insurance provider that focuses on proactive risk prevention and personalized coverage for growing businesses.

InsurTech

Bobby Touran(Founder)in

Co-investors8VC Habitat Partners Zigg Capital

Reservreserv.com in

Reserv is a third-party claims administrator (TPA) that processes property and casualty insurance claims using AI-powered technology and modern digital workflows.

AI & Machine LearningEnterprise SoftwareInsurTechWeston, US

CJ Przybyl(Founder)in

Boardllichev Oleg(Executive Officer, Promoter)

Co-investors8VC Anthemis Venture

Sproutrsproutr.com in

Sproutr designs, builds, and delivers insurance programs and products, offering program underwriting design, product development, regulatory compliance and filing, and program placement services.

InsurTech

Unionunion-pos.com in

Union is a hospitality operating system and point-of-sale platform for busy bars and restaurants, offering venue management tools plus a consumer mobile app for browsing menus, ordering, paying, and earning loyalty rewards.

FintechRetail TechSaaS

Co-investorsChaos Ventures Corsa Ventures

Upfortupfort.com inOct 2023 · $8M

Upfort provides software and automation solutions for managing cyber risk, combining security expertise with insurance and data analytics to improve organizational cyber resilience.

AI & Machine LearningCybersecurityEnterprise SoftwareInsurTechSan Francisco, US

Han Wang(Founder/CTO)inDaniel Bilbao(Founder)in

Co-investorsClocktower Ventures Fika Hemi Ventures, Llc Syn Ventures Seed Management Llc Y Combinator Chaos Ventures +5 more

Write Wisewritewise.com in

WriteWise provides guaranteed pharmacy spend products for employers, including per-member-per-month cost caps, pharmacy stop-loss insurance, and subscription-style drug coverage.

FintechHealthtechInsurTech

Co-investorsGreatPoint Ventures ManchesterStory Group, LLC Virtue Ventures

YallaCompareyallacompare.com in 𝕏

Yallacompare is an online insurance comparison platform where consumers answer a short questionnaire to compare benefits and prices from different insurance providers and buy policies online, covering products such as car insurance and warranties.

FintechInsurTechMarketplaces

Co-investorsWamda Capital

Portfolio news

latest coverage across their companies

United Federal Credit Union raises $47,750 in employee campaign to benefit United Way - CUInsight

Union · cuinsight.com · Aug 20, 2026

BitPay’s European unit wins MiCA approval to support EU cross-border payments

BitPay · finance.yahoo.com · Jul 17, 2026

Newfront employee says staff got 75% or less of investor payouts in $1.05 billion WTW deal | The Insurer

Newfront · theinsurer.com · Jun 26, 2026

Comeryx launches with $7.5m seed round

Comeryx · fintech.global · Mar 3, 2026

Aboon $17.5M Funding Round Boosts 401(k) Innovation

Aboon · 401kspecialistmag.com · Jan 20, 2026

Leading Private Market Intelligence Company Grata Acquired by Datasite

Grata · orrick.com · Jun 3, 2025

Gail raises an $8.2m seed | Gail - the financial services AI

Gail · meetgail.com · May 22, 2025

Frequently asked questions

How many investments has Altai Ventures made?: Altai Ventures has 30 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Altai Ventures invest at?: Altai Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Altai Ventures focus on?: Altai Ventures focuses on Fintech.
Where is Altai Ventures located?: Altai Ventures is headquartered in Westport, US.
Who does Altai Ventures co-invest with?: Altai Ventures most often shares deals with Chaos Ventures, Clocktower Ventures, 8VC, among 69 tracked co-investors.

Co-investors · 11

Bain Capital Ventures

BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.

Both backed · 1

Aboon

$1M – $100M

Coinbase Ventures

Coinbase Ventures is the venture investment arm of Coinbase that backs early-stage founders building across the crypto and Web3 ecosystem.

Both backed · 1

Percent

$100K – $10M

Tuesday Capital

Tuesday Capital (formerly CrunchFund) is an early-stage venture capital firm that has backed founders since 2011, with a portfolio spanning hundreds of companies including numerous unicorns, IPOs and acquisitions.

Both backed · 1

Percent

American Family Ventures

American Family Ventures (AFV) is a venture capital firm focused on insurance and insurance-adjacent innovation, backed by an ecosystem of limited partners, founders, and innovators across major insurance lines.

Both backed · 1

Comeryx

$250K – $10M

Caffeinated Capital

Caffeinated Capital is a venture firm based in San Francisco and New York that leads seed and Series A rounds and continues investing throughout the life of technology companies.

$3M – $50M

Flourish Ventures

Flourish Ventures is a global early-stage fintech fund that backs founders building and reshaping financial services and systems.

$100K – $5M

Unchained Capital, Inc.

Unchained is a bitcoin financial services company offering collaborative custody solutions, allowing users to buy, hold, borrow against, and retire with bitcoin while maintaining their own keys.

Revel Partners

Revel Partners is a venture capital firm focused on backing early-stage B2B software companies, drawing on the team's entrepreneurial background and global network to help startups scale.

$3M – $5M

Equity Alliance

Equity Alliance makes fund and direct investments in exceptional venture managers and founders.

DVx Ventures

DVx is a company creation platform that systematically builds new companies from concept to scale using an approach led by experienced operators.

InBlockchain

Firms observed investing alongside Altai Ventures, from public investor directories. Shared companies are the overlap with Altai Ventures's recorded portfolio.

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