Pelican Ventures
Pelican Ventures is a privately-held, Coral Gables-based investment firm founded in 2019 that deploys evergreen capital and operating expertise into early-stage P&C insurance startups, including Lloyd's syndicates, MGA platforms, and insurance technology companies.
- Company typePrivate
- Founded2019
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Pelican Ventures does
Pelican Ventures (legal entity Pelican Ventures Group LLC) is a privately-held investment firm founded in 2019 and headquartered at 237 S Dixie Hwy, 4th Floor, Suite 466, Coral Gables, Florida. The firm is purpose-built around the property & casualty insurance sector, deploying intellectual and financial capital into disruptive insurance concepts led by entrepreneurial teams. Its portfolio spans multiple insurance verticals and structures, including a Lloyd's cyber syndicate (Trium), an online home and auto insurance shopping platform (Nsure.com), a marine-focused MGA platform (Tango Specialty), a cybersecurity company serving MSPs (Blackpoint Cyber), and P&C insurance software for property managers (GetCovered.io).
The firm operates an evergreen capital structure with no fund-level liquidity pressure, which differentiates it from traditional 7-10 year venture vehicles. Pelican prefers majority equity positions and positions itself as the sole or lead outside capital, providing staged capital and working hand-in-hand with founders on operational, distribution and partnership needs. Deal sourcing is conducted through an internal network of insurance executives, startups, accelerators, insurers, reinsurers, brokers, service providers and rating agencies rather than through public marketing or open applications (pitches are invited to [email protected]). Leadership comprises Allan Cohen (CEO), Jim Stanard (Founding Investor), Jayant Khadilkar (Managing Director), Bob Deutsch (Chairman), and John Lummis (Operating Partner), all drawn from senior insurance industry backgrounds.
Pelican's revenue model is investment-driven: the firm earns returns through equity appreciation, follow-on participation, and any future realizations, with management economics tied to its evergreen vehicle. There is no public disclosure of AUM, fees, or performance, and the firm has no externally observable product, app, API, patents, or technology surface beyond its investment activities. Co-investment relationships with institutional capital providers — including Bain Capital Tech Opportunities, Accel, Echo Venture Fund III, and RET Ventures — suggest the firm operates as a specialist insurance lead within a broader institutional co-investor ecosystem, anchored by reinsurance-side relationships such as Ariel Re.
Pelican Ventures firmographics
Firmographics- Name
- Pelican Ventures
- Legal name
- Pelican Ventures Group LLC
- Website
- https://pelican.vc
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Pelican Ventures is a privately-held, Coral Gables-based investment firm founded in 2019 that deploys evergreen capital and operating expertise into early-stage P&C insurance startups, including Lloyd's syndicates, MGA platforms, and insurance technology companies.
- Ownership category
- akta.pro rank
Pelican Ventures industry classification
Industry- Product category
- Insurance-focused venture capital
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Pelican Ventures is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pelican Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Investment Returns and Management Fees: Pelican Ventures generates returns through equity investments in insurance startups and early-stage companies. As an evergreen fund with no liquidity pressure, they invest for the long-term and lead follow-on investments, aiming to build sustainable insurance businesses.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Pelican Ventures product offering
Product offeringCore offering
Pelican Ventures is a private investment firm that provides equity capital and operational advisory to disruptive insurance startups and early-stage insurance companies. The firm prefers majority positions and uses an evergreen capital structure that enables long-term, patient investment without fund liquidity pressure. Beyond capital, the firm commits to working hand-in-hand with portfolio companies on product-market fit, relationship development, and key business objectives.
Differentiator
Problem solved
Functional benefit
Products and services
- Pelican Ventures Investment Program Equity capital deployment and ongoing operational advisory provided to insurance-sector startups and early-stage companies, typically taking majority positions and acting as the sole or primary outside investor.
Companies that use Pelican Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Pelican Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pelican Ventures partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights4 records
Pelican Ventures competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Pelican Ventures social profiles
Digital presencePelican Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pelican Ventures leadership team
Management profileNumber of profiles
Profiles5 records
Pelican Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pelican Ventures M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pelican Ventures
What does Pelican Ventures do?
Pelican Ventures is a private investment firm that provides equity capital and operational advisory to disruptive insurance startups and early-stage insurance companies. The firm prefers majority positions and uses an evergreen capital structure that enables long-term, patient investment without fund liquidity pressure. Beyond capital, the firm commits to working hand-in-hand with portfolio companies on product-market fit, relationship development, and key business objectives.
Is Pelican Ventures a public or private company?
Pelican Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pelican Ventures founded?
Pelican Ventures was founded in 2019. It employs 1 to 10 people.
Where is Pelican Ventures based?
Pelican Ventures is headquartered in Miami, United States, in the North America region.
How does Pelican Ventures make money?
One revenue line is on record: investment Returns and Management Fees.
Does Pelican Ventures have an API?
No public API is recorded for Pelican Ventures.
What industry is Pelican Ventures in?
Pelican Ventures's product category is Insurance-focused venture capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52394 and its SIC code is 6282.