Dovetail Insurance, an outsourcing firm targeting the insurance industry, will locate its headquarters in Columbia, the company said Tuesday.

A startup launched in November of last year, Dovetail is financed by venture capital firm Pequot Ventures.

The company is led by Steve Francis, a veteran of the insurance industry.

"Dovetail’s initial focus will be on providing a comprehensive solution for insurance policy administration and other related functions with insurance carriers that service government programs such as assigned risk plans, residual markets and the National Flood Insurance Program," Francis said in a statement.

"Dovetail’s goal is to become the most efficient, non-risk bearing company of its kind by leveraging the technology assets of the Pequot portfolio companies and other best-in-class sources,” he added.

Pequot backs a number of technology firms. Larry Wilson and Lawrence Lenihan Jr. of Pequot serve on the Dovetail board.