Bennett joins Lane VC as venture partner

• Bennett called a ‘leader in employee benefits market’
• He previously acquired and led Spectra Benefits, which was acquired by Hub International in 2018
• Lane VC invests in mobility and mobility supporting tech companies

Lane VC has hired Brent Bennett as a venture partner. He is expected to play a pivotal role in guiding the firm’s investment decisions and work closely with portfolio management teams.

Based in Utah, Lane VC, which spun out of Build Capital Partners, invests in mobility and mobility supporting tech-based startups.

“We are thrilled to welcome Brent at Lane VC as a venture partner,” managing partner Kasey Evans said in a statement. “His deep understanding of mobility businesses, scaling business development processes and thought leadership will be invaluable as we continue to seek out and invest in the most promising start-ups with the potential to reshape industries and change lives.”

Lane VC described Bennett as “a leader in the employee benefits market since 2002, when he acquired Spectra Benefits.” The company was acquired by Hub International in 2018.

Bennett has also served on the board of the Utah Entrepreneur Organization, the broker advisory board of CIGNA, Aetna Health Plans, Selecthealth and the National Advisory board of UnitedHealthcare.

Bennett served in the US Army Reserve, representing soldiers returning from Desert Storm in matters pertaining to retirement, life insurance, and the G.I. bill.

Build Capital launched Lane VC in 2021 as an “autonomously managed venture capital firm focused on the EV market and adjacent businesses linked with the mobility industry,” according to a press release published at the time. The venture fund was formerly known as Build Mobility and was established in 2019 with an initial investment into XOS Trucks.