UK insurer Aviva has extended its collaboration with venture studio and start-up accelerator Founders Factory to set up a fresh batch of fintech and health companies.
Over the next three years, Aviva will put money into building ventures across insurance, wealth, property, asset management and cybersecurity.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new businesses are expected to apply AI and other frontier technologies to help people manage and safeguard their finances, health and families in new ways.
The two organisations have worked together for around ten years.
Aviva chief innovation officer Arslan Hannani said: “Aviva’s long-standing partnership with Founders Factory is supporting new businesses to help customers and business manage and protect their money, health and family.
“Partnerships like ours show the power of innovation – they can boost UK investment and support economic growth, helping the UK get ready for the future.”
Founders Factory was established by Brent Hoberman and Henry Lane Fox, who is also the CEO.
It creates and finances start-ups, alongside entrepreneurs and established companies.
The company invests in founders at the pre-Series A stage, helping them to land early pilots and shape go-to-market plans.
Its focus areas are fintech, health, deep-tech and industrial transformation.
The insurer said that since 2016, the arrangement has backed more than 60 start-ups, which have collectively raised more than $664.4m (£500m) in funding.
Among them are Tembo, a mortgage lending platform, and Marrow, which links AI agents such as ChatGPT, Claude and Gemini with insurers’ pricing, underwriting and policy administration systems.
Following a successful pilot, Aviva recently widened access to Tembo through its workplace pension offering.
Lan Fox added: “The companies that have spun out of the studio are now achieving meaningful impact and scale in their respective markets – evidence of what a large financial services business can create when it chooses to keep building and back the next generation of founders.”
Aviva reported last month that its profit for the first half of 2026 dropped 49% to £418m, while basic earnings per share declined 44% to 12.2p.
Operating profit over the period increased by 24% to £1.32bn, which the company linked to ongoing progress in integrating Direct Line and growth across its main business lines.
