Pelican
Venture capitalCoral Gables · Pre-Seed–Series A · 5 people tracked
Investment thesis
Pelican Ventures backs disruptive insurance concepts led by visionary entrepreneurs, deploying both intellectual and financial capital. Established by experienced insurance industry executives with a record of founding, growing, and operating successful insurance franchises, the firm works hand-in-hand with its portfolio companies to drive long-term value creation. Its focus centers on creating and investing in impactful insurance businesses across the insurance and insurtech space.
Source: firm website, verified Aug 23, 2026.
Team · 5 people
from the firm's websiteWhat they invest in
from 3 of 4 portfolio companiesAI & Machine Learning ×2InsurTech ×2Climate Tech ×1Cybersecurity ×1Enterprise Software ×1Fintech ×1SaaS ×1
HQs:United States×3Bermuda×1
Investments · 4 tracked
founders shown can be your intro pathSan Francisco, US
Richard Costolo(Director)Micah Heavener(Executive Officer)Michael Bingle(Director)Carlos Medeiros(Director)Michel Combes(Director)Robert Lavet(Executive Officer)
Board seatRichard Costolo· per SEC Form D · $1.1B raise · filed Mar 2022
Ariel Re is a reinsurance company operating Lloyd's of London Syndicate 1910, offering investors access to reinsurance portfolios focused on low-frequency, high-severity risk.
Climate TechFintechInsurTechHamilton, BM
Don Kramer(Founder)Ryan Mather(Chief Executive Officer)inRohan Pai(Chief Financial Officer)inKatie Partington Howarth(Chief Capital Officer)inMatthew Twilley(Chief Analytics Officer)inIhab Khalil(Chief Information Officer)in
Co-investorsFlexpoint FordNew Capital PartnersOlympus Partners
Blackpoint Cyber operates a 24/7 human-led, AI-assisted security operations center (SOC) and offers CompassOne, a platform that consolidates prevention and detection tools for threat detection and response.
AI & Machine LearningCybersecuritySaaSEllicott City, US
Jonathan Murchison(Executive Officer, Director)
BoardJosiah Mayne(Director)Chris Inglis(Director)
Co-investorsAccelBain Capital Tech OpportunitiesWP Global Partners
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-investorsAltai VenturesAsymmetric Capital PartnersBrewer Lane VenturesFirst Round CapitalFirstMark CapitalICONIQ+1 more
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioSoFi Technologies, Inc.NASDAQ: SOFI
Frequently asked questions
- What stage does Pelican invest at?
- Pelican invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Pelican focus on?
- Pelican focuses on Fintech, InsurTech.
- Where is Pelican located?
- Pelican is headquartered in Coral Gables, US.
- Does Pelican lead rounds?
- Yes, Pelican leads investment rounds.
- Who does Pelican co-invest with?
- Pelican most often shares deals with Accel, Altai Ventures, First Round Capital, among 13 tracked co-investors.
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