VENTURE STUDIO • BATCH 2026

We Engineer the
Future of Risk.

The only Venture Studio that underwrites the business model before writing the code.

For Founders For Investors

The Model

OPERATING_MODEL

We don't hope. We underwrite. Every venture is stress-tested against reality before a single line of code ships.

01

Incubate

We underwrite the business model, not just the founder. Proprietary data. Zero guesswork.

02

Build

Compliance-ready infrastructure in weeks, not years. Our teams have shipped $2B+ in gross written premium.

03

Scale

We don't find distribution—we own it. Direct access to carriers, reinsurers, and brokers across three continents.

Have a unique view on risk? We back founders who see what others miss.

Start Building

The Thesis: READ

INVESTMENT_FRAMEWORK

How we see the $1.1 trillion insurtech opportunity across four strategic pillars.

Why READ?

Insurance is a $6 trillion industry ripe for transformation. But not all opportunities are equal. After building and scaling insurtech ventures across three continents, we've identified four structural shifts that will define the next decade of insurance innovation.

READ isn't just a framework—it's a filter. Every thesis we evaluate, every company we build, maps to one or more of these pillars. This focus lets us deploy deep expertise where it matters most.

Market Opportunity by Pillar

Distribution $900B
Embedded $143.9B
Risk $51.25B
Analytics $13.8B

Relative market sizes (not to scale for visibility)

R

Risk

Legacy models fail on modern risks. From parametric health products to enterprise cyber quantification, we build the underwriting engines that close the protection gap.

Parametric health & digital risk

Enterprise & SMB cyber coverage

Healthcare data security

Market Size $51.25B
15.1% CAGR
E

Embedded

Insurance at the point of need, not an afterthought. We partner with platforms to weave protection into the customer journey—invisible until needed.

E-commerce checkout

Travel & mobility

Lending & fintech

Market Size $143.9B
20% CAGR Fastest growth
A

Analytics

AI is transforming underwriting, claims, and fraud detection. We build the intelligence layer that makes insurers faster, smarter, and more accurate.

Agentic claims processing

Fraud detection

Predictive underwriting

Market Size $13.8B
16.7% CAGR
D

Distribution

3 billion people lack adequate insurance. We unlock emerging markets with mobile-first products, micro-premiums, and culturally-aware distribution.

Southeast Asia expansion

India healthcare

Africa microinsurance

Market Size $900B
6% CAGR Largest TAM

Our portfolio companies are strategically aligned with these four pillars.

Explore Portfolio

Representative Ventures

PORTFOLIO_SNAPSHOT

View Investment Thesis
XPD8
Embedded
Supply Chain

XPD8

Resetting the supply chain engagement model. Consolidate spend. Unlock value. Share the upside.

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Pentation Analytics
Analytics
InsurTech

Pentation Analytics

Predictive analytics for insurers and intermediaries. 3-12% improvement in retention and cross-sell rates.

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Trans Asia Soft Tech
Risk
Cyber Risk

Trans Asia Soft Tech

Cyber risk management that speaks the language of the boardroom. Assess. Quantify. Mitigate.

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What People Say

TESTIMONIALS

Operators.
Not
Spectators.

We've sat in the regulator's office. We've shipped the policy admin system. We've signed the reinsurance treaties.

We combine a Leadership Surplus (decades of carrier experience) with a Tech Surplus (modern engineering pods) to build unfair advantages.

Meet the Team

For Founders

Ready to build the future of risk?

We're backing operators with conviction. Apply to join Batch 2026 and build with the team that's shipped $2B+ in GWP.

Apply Now

For Investors

Asymmetric upside.

Cross-border arbitrage. Venture studio alpha. Our data room is open to qualified LPs and strategic partners.

Investor Relations