Liberty Mutual Strategic Ventures announces second venture capital fund

Liberty Mutual Strategic Ventures is announcing the launch of its second venture capital fund, with $200 million aimed at supporting entrepreneurs “reshaping the future” of the P&C insurance industry.

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

This second fund creates early-stage investment and partnership opportunities that support Liberty Mutual’s diversified, global portfolio of insurance products and services. LMSV’s investment focus areas span AI, Data and Automation, Cybersecurity, Energy Transition, Mobility and beyond.

“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.” – Liberty Mutual Insurance President & CEO Tim Sweeney.

“We’ve been in the insurtech market for almost 10 years now, supporting our portfolio companies and working tirelessly to create mutual value for them and our valued partners across Liberty Mutual. The continued financial support and strategic commitment of Liberty Mutual is a differentiator for LMSV and its portfolio companies.” – Russ MacTough, managing director of LMSV.