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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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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