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ManchesterStory Group
ManchesterStory Group is an InsurTech-focused venture firm based in West Des Moines, led by managing partners Matt Manchester and Dave Story.
ManchesterStory Group
Founded by Dave Miles and Matt Kinley, ManchesterStory Group is a venture capital firm targeting investments in FinTech and Healthcare, with a particular interest in technologies impacting the insurance industry. Focused on early to growth-stage companies across the United States, ManchesterStory seeks to generate superior returns by connecting exceptional entrepreneurs to strategic capital and relationships.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
West Des Moines
Corporate office
West Des Moines, IA, United States
Principals
Matt Manchester
Managing Partner
Dave Story
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at ManchesterStory Group?
Managing partners Matt Manchester and Dave Story jointly lead the firm's investment decisions. Both bring operational and investment backgrounds specific to the insurance industry, and the firm maintains a lean structure where partners directly source and manage portfolio relationships rather than delegating to a broader investment committee.
Is ManchesterStory Group a generalist venture firm or does it specialize?
ManchesterStory specializes exclusively in InsurTech — technology companies that serve or disrupt the insurance industry. This includes digital managing general agents, embedded insurance platforms, underwriting software, claims automation, and data analytics tools across P&C, life, and health lines. The firm does not pursue general fintech or enterprise SaaS unless the application is native to an insurance workflow.
What investment stages does ManchesterStory Group typically target?
The firm invests primarily at seed and Series A stages, with initial check sizes ranging from $500,000 to $3 million. ManchesterStory reserves capital for follow-on investments in portfolio companies that demonstrate product-market fit within the insurance vertical.
How does ManchesterStory Group source its deals?
The firm's sourcing relies on the partners' deep relationships across the insurance industry — with carriers, brokers, reinsurers, and seasoned InsurTech founders. By concentrating solely on InsurTech, ManchesterStory operates a specialized funnel rather than competing in broader venture deal flow, and often co-invests alongside both traditional venture firms and corporate venture arms from the insurance sector.
Which geographies does ManchesterStory invest in?
The firm focuses on North America, with an emphasis on InsurTech startups emerging from insurance-industry hubs in the Midwest, Northeast, and Southeast. The partners' location in West Des Moines — a significant insurance employment center — informs a regional sourcing advantage in the Midwest.
Does ManchesterStory Group manage outside capital or operate as a family office?
ManchesterStory Group operates as a registered investment adviser managing outside capital through a venture capital fund structure, not as a family office. The firm files Form ADV with the SEC, which is consistent with an asset manager raising and deploying third-party limited partner commitments.
What is ManchesterStory Group's posture on co-investments?
The firm regularly co-invests alongside other venture firms and strategic corporate investors from the insurance industry. This hybrid syndication approach allows ManchesterStory to access larger rounds and bring insurance-domain expertise to syndicates that may lack sector-specific underwriting capability.
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