DJIA51472.34 309.94
S&P 5007796.27 40.35
NASDAQ27327.18 157.13
Russell 20002805.48 17.19
German DAX25104.25 281.20
FTSE 10010554.39 112.79
CAC 407804.17 74.48
EuroStoxx 506180.05 57.70
Nikkei 22569030.92 -11.19
Hang Seng24211.35 425.56
Shanghai Comp3813.79 1.89
KOSPI6625.93 -177.97
Bloomberg Comm IDX144.53 0.67
WTI Crude-fut104.90 0.46
Brent Crude-fut92.04 0.56
Natural Gas3.23 0.06
Gasoline-fut3.29 -0.03
Gold-fut4209.60 61.60
Silver-fut61.10 1.83
Platinum-fut1695.60 50.70
Palladium-fut1151.50 24.00
Copper-fut6.69 0.12
Aluminum-spot3195.00 0.00
Coffee-fut287.30 -0.55
Soybeans-fut1294.50 8.00
Wheat-fut684.25 0.75
Bitcoin82900.33 1463.47
Ethereum USD2490.32 43.67
Litecoin63.25 1.04
Dogecoin0.08 0.00
EUR/USD1.1189 -0.0003
USD/JPY158.35 0.38
GBP/USD1.3208 -0.0018
USD/CHF0.8332 -0.0009
USD IDX102.27 0.10
US 10-Yr TR5.252 0.019
GER 10-Yr TR3.4819 -0.0036
UK 10-Yr TR5.4478 -0.0374
JAP 10-Yr TR3.045 0.031
Fed Funds4 0
SOFR3.87 -0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

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.

Connect

Inside The Story

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.
Order Reprints