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Former insurance exec raises $33 million fund for New York-based Crystal Venture Partners as AI transforms the industry

Fortune•Monday, October 6, 2025 at 10:09:22 AM
PositiveFinancial Markets
Former insurance exec raises $33 million fund for New York-based Crystal Venture Partners as AI transforms the industry
Jonathan Crystal, a former insurance executive, has successfully raised a $33 million fund for his New York-based firm, Crystal Venture Partners. This move comes at a pivotal time as artificial intelligence continues to reshape the insurance industry. With previous investments in innovative companies like Six Fold and Bright Harbor, Crystal's new fund aims to support emerging technologies that can enhance efficiency and customer experience in insurance. This is significant not only for investors but also for the future of the industry, as it embraces AI-driven solutions.
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