Partnership Fund for New York City

About The Fund

Liberty Mutual Strategic Ventures (LMSV) operates as the venture capital arm of Liberty Mutual Insurance, targeting early-stage investments to foster innovation in the (re)insurance industry. With a fund size of $200 million from Fund II, the firm invests in software, platform, and services companies that have the potential to advance the operations and offerings of Liberty Mutual and its stakeholders. LMSV's strategic investment domains include Mobility, involving personal, commercial, and autonomous transport, as well as electrification; PropTech, which encompasses risk management, construction tech, and sustainable building materials; FinTech and InsurTech, focusing on embedded distribution, reinsurance, and data; and SMB & Enterprise solutions like AI, cybersecurity, and energy transition. The fund predominantly directs its investments towards the United States and Europe but remains open to opportunities aligning with Liberty Mutual's broader global footprint. Seed through Series B stages are their primary investment focus, starting with initial check sizes ranging from $750K to $5M. While LMSV is able to lead rounds, they often co-invest alongside other venture capital funds. Their portfolio showcases diverse innovations from various companies such as Azibo, Blueprint Title, and Kinetic, amongst others, and they are also involved in exits like August Home, Dispatch, and Roadster. LMSV puts emphasis on guiding their investments, as evidenced by their active role in post-deal management and networking among the startup community. Furthermore, they engage in sponsoring programs like Visible Hands, supporting underrepresented founders, and further enhance the ecosystem around insurance and technology innovation.