Liberty Mutual Strategic Ventures

About The Fund

Liberty Mutual Strategic Ventures (LMSV) is the venture capital arm of Liberty Mutual Insurance Company, focusing on seed to Series B investments in early-stage software, platform, and services companies that are innovating within the (re)insurance sector. Headquartered in Boston, Massachusetts, LMSV is dedicated to empowering policyholders, agents, brokers, and employees by backing companies that enhance business solutions and customer experience across various industries, including Software, PropTech, FinTech, InsurTech, Real Estate, Mobility, and Consumer. With a fund size managed out of a $200 million Fund II, LMSV prioritizes investments in areas strategically relevant to Liberty Mutual's global, diversified presence in the property and casualty insurance space, steering clear of life or health startups. Geographically, while the primary focus is on the United States and Europe, the fund also evaluates startups globally. LMSV's sweet spot for investments is around $3 million, with an investment range between $1 million minimum and $5 million maximum. Their portfolio showcases a diverse range of companies, from Azibo, a financial services platform for the property rental market, to Turo, a peer-to-peer car rental marketplace, highlighting LMSV's commitment to innovation across multiple facets of the economy. The fund leverages co-investing strategies, preferring to join rounds alongside other funds while retaining the ability to lead rounds. Their specialties in investment stages include Seed, Early, Later, Series A, and Series B rounds. As part of their commitment to fostering a vibrant entrepreneurial ecosystem, LMSV sponsors programs like Visible Hands, supporting underrepresented founders at the earliest stages of building high-growth startups. The team at LMSV, with profiles linked to extensive background in venture capital, finance, and insurance, provides expertise and oversight for their venture operations.