Liberty Mutual Strategic Ventures (LMSV)

We invest in companies that leverage differentiated technologies and scalable business models to generate financial returns and drive innovation. We believe technology will meaningfully transform all sectors of the economy, from property development, to HR processes, to new cyber security challenges. We support the growth of leaders at the forefront of these transformations. THE AVP PLATFORM PROVIDES A UNIQUE AND DIFFERENTIATED VALUE PROPOSITION ARTICULATED AROUND 3 MAIN PILLARS: A multi-stage investment remit with independent, cross-fertilized strategies A global investment platform A unique network of LPs including AXA & Equitable, key partners for business development AVP is a $1bn venture capital firm Investing in seed and early stage companies through AVP Early Stage, and in growth stage companies through AVP Capital. We partner with exceptional founders who are building great companies. In our early stage investments, we look for product-market fit and initial traction. In our growth-stage investments, we seek companies with attractive unit economics, a robust customer base, and significant revenue growth. Our relationship with AXA means unique access for our portfolio companies to:Some of the world’s best risk managers, financial advisors, and data scientists AXA’s distribution networks and client base AXA’s strong global franchises and different lines of expertise – Property & Casualty, Life & Savings, Health, and Asset Management – provide a distinctive business portfolio. AVP’s expertise in our target sectors, global footprint, and relationship with our anchor investors AXA and Equitable and other LP allow us to meaningfully help our portfolio companies realize their potential. AVP’s value proposition is tailored for entrepreneurs, case by case, to create and deliver value. AVP portfolio companies will have preferred access to AXA’s resources, including the buying power and distribution capabilities of a €100B revenue company with 107 million customers. SEVERAL PILLARS TO SUPPORT COMPANIES: Global presence and ability to help companies scale internationally Introductions to AXA and our broader network as a potential customer, partner, distributor, or even strategic partner Strong expertise in several fields (enterprise software, marketplaces, fintech, consumer technologies and all insurance / asset management related verticals) Access to AXA and Equitable’s deep expertise in insurance and asset management, as well as the specialized expertise of our other LPs.

Allstate Strategic Ventures is responsible for corporate venturing activities that deliver both strategic and financial value through minority investments, business partnerships, and other strategic relationships. The focus of the group is to accelerate Allstate’s business strategies and create new business opportunities by accessing emerging markets, capabilities, products/services, and talent. Internally, the team works with leaders across the business to identify key investment focus areas and priorities to focus investment and business development efforts as well as coordinate the interaction between Allstate and investment portfolio companies. Externally, the team works with venture capital firms, incubators/accelerators, universities, entrepreneurs, and other third parties to identify technologies, capabilities, companies, and management teams that help us to strategically grow and transform our business.

Our goal is to find better ways to meet the needs of our incredibly diverse customer base. So, we invest in companies that disrupt conventional modes of operation to help each of us live smarter and safer lives. We consider investments in any development stage, with a limit of $5 million. Focused investing We're looking for future-forward solutions that help our customers. AI Aerial Data Home Safety & Services InsurTech/FinTech Mobility & Safety Quantum Real Estate Tech Senior Living Telematics VR/AR

As the venture capital arm of CSAA Insurance Group, Avanta Ventures invests deep industry expertise, resources, and financial support to create products and services that offer extraordinary value. As an affiliate of CSAA Insurance Group, Avanta Ventures is aligned with one of the top personal lines property and casualty insurance underwriters in the United States. FOSTERING AN ECOSYSTEM As part of a comprehensive approach to investing, we are nurturing internal and external startups with our time, resources, and deep industry expertise, as well as business development, go-to-market, and financial support. Our Studios program also hosts a small cohort of companies at our Mountain View office, providing opportunities for collaboration and mentorship. Avanta Ventures strives to build connections for potential co-development opportunities and drive conversations with the community through our events and partnerships, to foster an ecosystem of best-in-class startups and venture partner relationships. INSURANCE AND BEYOND Our goal is to identify disruptive technologies and a new breed of services to optimize and expand the value we offer to AAA Members today – and those of tomorrow. To accomplish this, we are taking a broad look across the insurance landscape, focusing on the areas of InsurTech, Mobility, and Adjacencies. AREAS OF FOCUS INSURTECH Leveraging disruptive technologies to create customer-centric insurance solutions MOBILITY Reinventing personal and commercial mobility through new data, connectivity, and platform technologies ADJACENCIES Adjacent sectors that share key attributes of insurance and risk management

QBE Ventures invests in, and builds alongside, early stage technology companies who we believe have the potential to reshape the insurance industry. We leverage QBE’s market strength and expertise, and augment these with emerging technologies to create new value for our customers, partners, and the communities in which we operate. What we doExplore: We make sense of emerging trends in technology and financial services, exploring their potential within our core markets. Build and scale: We test, launch and scale new ventures that make the complex simple, in insurance and beyond. Invest: We invest in solutions that are shaping the future of financial services and have the potential to scale globally. How we do itInvestments: We invest in start-ups and venture funds that are aligned with our innovation strategy and our customer-first approach. Strategic partnerships: We partner with start-ups and technology experts to fast-track their growth and assist them in the development of transformative ideas with global potential. New venture development: We create new digital businesses from the ground up, leveraging the assets and scale of QBE to solve for emerging risks and customer needs.

Our principals have deep experience in the trenches as successful Insurtech founders. We understand insurance and we live and breathe the startup process. We partner with exceptional founders to propel early-stage startups seeking growth and follow-on capital. Our investments are in unique, early-stage companies that have a solid proof of concept and exceptional team. Our role is to bring capital, resources, and expertise to position the company for sustainable growth. Insurance Industry Expertise The industry is a $7T+ global market, most of which has yet to be disrupted by technology. Insurance is a complex web of legacy players, diverse capital sources, and emerging business models. Investing and growing early-stage companies in the insurance space requires a deep knowledge of the industry and how innovation can be interwoven with traditional players. Track Record of Success Avondale principals have invested in dozens of businesses since its founding in 2004. The firm has built an impressive track record of technology investments, ventures, and partnering with corporations and institutional capital to create growing businesses. Avondale is a three-time Inc. 500/5000 recipient, and in 2011, Avondale was named by Inc. as the 95th fastest growing private company in the nation.