AllState Strategic Ventures

As the venture capital arm for Liberty Mutual, we invest in early-stage software, platform, and services companies who are reshaping the insurance landscape and enabling our policyholders to protect what they value most. Our Focus Areas Future of Mobility Helps consumers improve their transportation experience and safety as vehicle technology progresses. Future of Shelter Services that impact how policyholders purchase, maintain, and protect their home. Future of Commerce Opportunities to enhance how small businesses operate while receiving the insurance protection that fits their needs. Insurance Innovation Evolving products and technologies that improve our capabilities across the insurance value chain.

Expertise in complex risks. Underwriting expertise. Superior service and claims handling. These attributes define AXIS – they are our DNA. AXIS brings the sophistication of a top specialty insurer and global reinsurer and the agility of a firm with entrepreneurial roots. AXIS was built to help our clients and partners navigate the challenges of a volatile world. Our business strategy is driven by a philosophy that we will win with our partners. We write business from a position of leadership and relevance in our chosen markets. Our underwriters are known for their business acumen and technical expertise. In a world where risks are borderless, and the threats may be unseen we stand by our clients during their toughest times. We give people and businesses the confidence they need to pursue their goals and ambitions. Our strength is grounded in our people and in our corporate culture, which encourages collaboration, diversity and entrepreneurialism. A purpose-driven organization, we strive to leave a positive imprint on the world through responsible business practices. This is who we are. This is AXIS.

Second Century Ventures brings a highly collaborative approach to venture capital. In addition to capital investments, we provide unparalleled market expertise through strategic partnerships, our diversely skilled team, and access to a rapidly growing global community of entrepreneurs and practitioners. We fuel innovation through investment, people and technology. We are backed by the National Association of REALTORS® – a 1.4M member strong trade association with 100 bilateral partnerships across 85 countries. Our Investment Themes We are an early to mid-stage technology fund seeking investment opportunities in proven enterprises that will drive industry growth, enable new usage models and advance industry standards. SCV prefers SaaS companies generally focused on big data applications, digital media, fintech and business services that can span multiple verticals and geographies. Criteria Second Century Ventures invests in strong teams and technologies with the potential to serve multiple industries. We are round-agnostic, favoring investments in organizations with strong market traction and proof of product market fit. As a strategic investor, SCV provides unparalleled value within the real estate vertical. We take a long-term approach to investing – where each new addition is considered part of the family – with access to all the tools available at our disposal. SCV’s growth accelerator, REACH, provides a program and pathway for earlier stage companies or those new to the real estate vertical and its adjacent industries. Learn more about the REACH program below.

Making investments that produce more than financial returns. What we care about Investment Returns. We don’t shy away from talking about our 22-year track record. Rather, we’re incredibly proud of posting top decile investment returns. But a top tier investment record is only one part of our story. Strategic Venture Capital. Before insurance companies embraced strategic investing, we were making insurtech/fintech venture investments on behalf of insurance companies. The limited partners in our Inter-Atlantic funds are predominantly insurance companies strategically interested in the insurtech/fintech ecosystem. Our investors gain strategic insights from our venture capital activities, and our portfolio companies benefit from strategic connections to our 20 insurance company limited partners. Financial Empowerment. Before financial empowerment became a buzzword, our portfolio companies were empowering millions. While each of our portfolio companies strives to be a great corporate citizen, the majority have focused on underserved individuals and small businesses. Think of: NetSpend supplying an immigrant with his first payment card; Homeowners of America issuing affordable home insurance to a first-time home buyer; Higher One providing a college freshman with her first bank account; Marqeta powering a modern card issuing platform for e-commerce startups; Clearcover offering low cost auto insurance; Credit Sesame providing a millennial with her free credit report analysis. Climate Change. In hundreds of ways, fintech/insurtech has decreased the environmental footprint of financial services. On the other hand, certain new technologies are harmful to the earth's climate. IA Capital has not and will not invest in companies that encourage proof-of-work cryptocurrency mining or other activities that require extreme amounts of power consumption. Click here to read more about IA Capital and climate change. Diversity, Equity, and Inclusion. IA Capital is committed to supporting a diverse group of founders. Underrepresented founders account for 31% of our portfolio. More specifically, Black and Latinx founders account for 12% of our portfolio versus a VC-industry average of 2%. Our partner Rick Viton is a leader in the Hispanic financial community and an advocate for financial services inclusion. We remain committed to principles of diversity and transparency. IA. IA can stand for investment advisors or independent agents, two of insurtech’s most important constituencies and a major focus of ours. IA can stand for Iowa, an insurance hub and home to some of our limited partners. In our case, IA stands for Inter-Atlantic, which befits the three major insurance centers of New York, London, and Bermuda. Community. Finally, we are proud of our involvement in our communities. I encourage you to learn about the organizations we support, including Transportation Alternatives.

We partner with phenomenal entrepreneurs who have the vision and drive to reinvent financial services, investing from the earliest seeds of startup life to businesses scaling for growth. We support leading companies across all sectors of financial services, including lending, credit & banking, payments, insurance, capital markets & investments, personal finance, enterprise financial stack and real estate finance. Our distinctive approach to fintech venture capital is crafted around a curated network of global macroeconomic thinkers and investors. Launched in 2015, Clocktower Ventures is the technology investing affiliate of Clocktower Group, a global macro investment firm. We are based in Santa Monica, CA and invest worldwide.

The world of financial services is transforming and more ready than ever for thoughtful disruption. Permanent structural changes and modern infrastructure are empowering innovation across the FIRE economy - from finance, to insurance and real estate. This innovation will deliver fair and transparent products and services, giving consumers and businesses full control of their hard-earned money and the data tied to it. We focus on Fintech. Pre-seed, seed and beyond. We’re equal partners with entrepreneurs who share our singular focus on the FIRE economy and technology. Our experience, networks, knowledge and reliable capital drive development of thesis based convictions pre-data. Together, we ideate, research, build and launch next generation financial products and services. We strive for alignment with founders and our network of VC and strategic investor partners as we jointly focus on execution success. Building & Investing. We’re early-stage investors with a long-term view.Pre-seed, seed and incubation: The majority of our time and capital is dedicated to the earliest stage of new venture development where we partner with entrepreneurs who share our singular focus on the FIRE economy. Plus-rounds and secondaries: We understand that the path to Fintech success isn’t always up and to the right, and have the scars that remind us how difficult start-ups are. Pivots and re-starts are often part of the journey. We invest to support later-stage teams when more runway is needed for launch or additional investment will accelerate progress. Special Purpose Acquisition Companies: Our partners and LPs are active investors in fintech-focused Special Purpose Acquisition Companies that have successfully combined with fintech leaders ready for their next stage of growth as public companies.