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Crystal Venture Partners

Investing in transformational early-stage businesses

New York, NY, USA

Description

Crystal Venture Partners is a New York-based venture capital firm specializing in early-stage investments within the insurance, risk, and resilience technology sectors. Founded in 2022 by solo GP Jonathan Crystal—a former executive at Crystal & Company and Alliant—the firm focuses on transforming highly regulated markets through artificial intelligence and sector-specific innovation.
  • Pre-Seed & Seed: This is the firm’s primary entry point, backing founders from the initial "spark" of an idea through the construction of their business foundations.
  • Series A: The firm also participates in Series A rounds and provides follow-on support as companies move toward growth and full scale.

Crystal Venture Partners operates as a traditional sector-focused venture fund rather than a batch-based accelerator. 
  • Method: Founders typically engage through warm introductions or by submitting proposals through the firm's official website.
  • Criteria: They look for "transformational companies" at the intersection of risk and technology, particularly those leveraging Generative AI for underwriting, distribution, and claims management. 

Eligibility

  • Sector: Exclusively technology-driven businesses in the insurance industry (InsurTech), financial services, and emerging risk categories like spaceflight data infrastructure.
  • Geography: Primarily North America (U.S. and Mexico).
  • B2B Categories: Includes infrastructure for insurance distribution, risk data activation software, and AI-leveraging MGAs. 

Process

  1. Direct Sourcing: The team actively identifies opportunities in complex, regulated markets where trust is paramount.
  2. High-Conviction Vetting: Due diligence focuses on the founder's market insight and the technology's ability to drive structural change in insurance.
  3. Active Partnership: Post-investment, the firm provides long-term support in regulatory strategy, executive hiring, go-to-market execution, and positioning.

What an Applicant can Obtain

  • Capital: Early-stage funding backed by a recently closed $33 million Fund I (as of October 2025).
  • Deep Operator Expertise: Direct mentorship from partners with decades of experience in the global insurance brokerage and financial markets.
  • Strategic Connectivity: Access to a network of global insurance companies and established industry leaders.