XL Innovate
Investor - Venture Capital
Overview
XL Innovate sponsors global entrepreneurial teams with ideas for innovative approaches, applications and technology-driven enhancements of insurance and risk management. We invest in and build businesses that are addressing large markets and have the potential to become significant new companies.
Country: United States
Founded: 2015
Headquarters: California
Investment Strategy
Geography
- North America
Sector Focus
Investment Stage
- Seed
- Early Stage Venture
- Series A
Summary
As a venture capital investor, we focus our attention on new and early stage businesses. Likely investments include information technology companies, new approaches to distribution and underwriting teams addressing new risk opportunities. We look to fund businesses that are differentiated through valuable expertise, data and analytics.
We focus on compelling teams, ideas and business opportunities. We seek opportunities where what we have to offer will be uniquely valuable to the venture. We provide our companies with equity capital, unparalleled partnership experience in building new ventures in this specific space, and access to the global underwriting skills and capacity of XL Catlin.
Investments
Date
Name
Size
Round
Co-Investors
Sector
Country
Lemonade
Series B
Aleph, GV, Sequoia Capital, Thrive Capital, Tusk Ventures, General Catalyst Partners
InsureTech
United States
Lemonade
Venture
Tom Hutton
InsureTech
United States
Embroker
Series A
Canaan Partners, 500 Startups, Bee Collective, FinTech Collective Nyca Partners, Vertical Venture Partners
InsureTech
United States
Slice Labs
Seed
Horizons Venture
InsureTech
United States
Key Employees
Chris Dougherty
Director
Tom Hutton
Managing Partner, Director
Martha Notaras
Partner
