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Alternative Assets  + VC  |  July 30, 2024
Liberty Mutual’s VC Arm Launches $200M Sophomore Fund
Joe Palmisano
By: Joe Palmisano

Liberty Mutual’s VC Arm Launches $200M Sophomore Fund

Liberty Mutual Strategic Ventures, the Boston, MA-based corporate venture fund backed by Liberty Mutual Insurance, announced the launch of its second fund at $200 million to support entrepreneurs “reshaping the future” of the P&C insurance industry.

The fund will invest in startups across artificial intelligence, data, cybersecurity and the energy transition, as well as technology relating to property and vehicles. It will primarily focus on companies from the seed to series B stages, with investments ranging between $750,0000 and $5 million. The fund will consider companies globally but will mainly focus on the U.S. and Europe.

Since launching its flagship $150 million fund in 2015, LMSV has been active in the insuretech market, investing in August Home, Roadster, Turo, Snapsheet, and Roots Automation, among others.

“In today’s dynamic risk environment, it’s even more critical to continue to support the entrepreneurial ecosystem. 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,” said Liberty Mutual Insurance president & CEO Tim Sweeney.

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Liberty Mutual Strategic Ventures

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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