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Annexus Announces First Strategic Investment in RetireUp

Staff Writer | November 08, 2016

Annexus Ventures, a venture capital firm focused on making early investments in insuretech companies, announces a new strategic investment in Chicago-based developer RetireUp, with an undisclosed eight figure valuation. 

“RetireUp is the best financial software for modeling complex product solutions in a simple, easy to understand manner for clients,” says Jim Richards, Annexus Ventures managing partner. “Through an interactive simulation, the client and advisor can 'test drive' a variety of solutions. Together, they can find an approach relative to their specific situations and concerns that is in the client’s best interest. We are excited to support their continued success and innovation for the benefit of our entire industry.”

Annexus Ventures has positioned Jim Ferrell as the new senior vice president of business development at RetireUp. "Bringing technology solutions to insurance carriers and their distribution channels is what I've done for over 15 years,” says Ferrell. “It's exciting to be part of an organization that is so committed and has the support required to deliver the full DOL solution.”

Annexus Ventures is actively developing partnerships with leading technology companies and intends to make additional strategic announcements in the coming weeks.

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