Reinsurance Group of America (RGA) and Principal Financial Group (Principal) recently announced their partnership with Zoë Foundry, a venture studio specializing in the employee benefits ecosystem. They have invested a total of $5 million as leading investors, which will help Zoë Foundry expand its operations and support its portfolio companies.
Zoë Foundry has ambitious plans to launch three new employee benefits startups each year, with a focus on software-as-a-service, B2B solutions, and artificial intelligence. They have already successfully introduced two companies – SlainTech and Bentection – which are gaining traction in the market and generating revenue.
The founders of Zoë Foundry, CEO Garrett Viggers and COO/CIO Jason T. Andrew, along with CTO Jonathan Mulieri, bring a wealth of experience to the table with over 20 years in the employee benefits industry. Their collaboration with RGA and Principal signifies a strong focus on innovation in the insurance and reinsurance sectors.
Dean Abbott from RGA expressed excitement about the partnership, highlighting the potential for developing new solutions that will shape the future of insurtech. Kara Hoogensen from Principal also emphasized the importance of supporting small to midsize businesses with innovative solutions and technologies through this collaboration.
Overall, the collaboration between Zoë Foundry, RGA, and Principal represents a powerful combination of expertise and resources within the employee benefits industry. It demonstrates a commitment to driving innovation and delivering value to insurers, employers, and employees.
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