Liberty Mutual Strategic Ventures (LMSV) announces second venture capital fund
Liberty Mutual Strategic Ventures (LMSV) is thrilled to announce the launch of our second venture capital fund, with $200M aimed at supporting entrepreneurs reshaping the future of the P&C insurance industry. At Liberty Mutual, innovation remains a key priority – maintaining a forward-looking view, and continuously experimenting and sensing market disruptions to place strategic bets for the future.
“In today's dynamic risk environment, it's even more critical to continue to support the entrepreneurial ecosystem,” said Liberty Mutual Insurance President & CEO Tim Sweeney . “Doing so allows us to develop a deep understanding of emerging risks and trends, find innovative solutions for our industry's challenges and meet ever-changing customer needs. I’m proud of our continued investment in the future of insurance.”
Since launching its flagship $150M fund in 2015, LMSV has been active in the insuretech market, investing in market leaders such as August Home , Roadster , Turo , Snapsheet , and Roots Automation , among others.
This second fund creates early-stage investment and partnership opportunities that support Liberty Mutual's diversified, global portfolio of insurance products and services. LMSV’s investment focus areas span AI, Data and Automation, Cybersecurity, Energy Transition, Mobility and beyond. Learn about these areas of focus and more at lmsv.vc .
Strong partnerships are the foundation for learning and experimentation to build for the future. "Liberty Mutual has been a great partner for us," said Nikhil Naikal , CEO and co-founder of Kinetic , a pioneer in highly automated service centers for next generation mobility (EVs, AVs). “As an early-stage company, the guidance and expertise from LMSV and Liberty Mutual's Claims team have given us a running start in the insurance vertical."
Russ MacTough , managing director of LMSV, added, "We've been in the insurtech market for almost 10 years now, supporting our portfolio companies and working tirelessly to create mutual value for them and our valued partners across Liberty Mutual. The continued financial support and strategic commitment of Liberty Mutual is a differentiator for LMSV and its portfolio companies."?
Congrats Russ MacTough and team
Commercial Mortgage Broker with Gparency
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Investing in early stage SaaS: fintech/insurtech, commerce, media, martech | ex-American Express | ex-Verizon | Board Advisor | Founder: Female Founders in Fintech & InsurTech accelerators| Co-Founder "The FFC"
4 个月awesome news ! congrats . great to see more funds like ours continuing to invest in the insurance and insurtech ecosystem
Executive Assistant at Liberty Mutual
4 个月Congratulations Russ, Josh, Dave, Mary and Alex! Very exciting!