XL Innovate Founded 2015
Founders Tom Hutton
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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 9
Average round size
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The average size of a deal this fund participated in
$13M
Portfolio companies 9
Rounds per year 1.50
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits -
Key employees -
Stages of investment
Early Stage Venture
Seed
Areas of investment
Commercial Insurance
Insurance
InsurTech
Property Insurance
Risk Management
Summary

In 2015 was created XL Innovate, which is appeared as VC. The company was established in North America in United States. The leading representative office of defined VC is situated in the Menlo Park.

The current fund was established by Tom Hutton. Besides them, we counted 4 critical employees of this fund in our database.

The fund has specific favorite in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Analytics, Home Improvement. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the various public portfolio startups of the fund, we may underline Lemonade, Zendrive, Pillar Technologies

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the XL Innovate, startups are often financed by First Round Capital, Shu Duan, Horizons Ventures. The meaningful sponsors for the fund in investment in the same round are Nyca Partners, Horizons Ventures, Aleph. In the next rounds fund is usually obtained by General Catalyst, GV, Tusk Ventures.

The fund is constantly included in 2-6 investment rounds annually. Speaking about the real fund results, this VC is 37 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2016. The usual things for fund are deals in the range of 10 - 50 millions dollars.

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Latest deals
CompanyIndustryRoundRound SizeDateInvestorsLocation
Notion
Analytics
Apps
Business Development
Business Intelligence
Consulting
Home Improvement
Information Technology
Internet of Things
Security
Smart Home
Software
Wireless
Seed
3M02 Jun 2016 United States, Portland
Embroker
Enterprise Software
Insurance
Risk Management
Small and Medium Businesses
Series A
12M17 May 2016 Panama, San Francisco
Slice Labs
Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
Seed
3M29 Mar 2016 United States, New York
Pillar Technologies
Analytics
Big Data
Construction
Insurance
Internet of Things
Risk Management
Seed
2M01 Sep 2017 United States, New York
Slice Labs
Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
Series A
20M26 Sep 2018 United States, New York
Embroker
Enterprise Software
Insurance
Risk Management
Small and Medium Businesses
Series B
28M01 Dec 2018 Panama, San Francisco
Zendrive
Automotive
Autonomous Vehicles
Big Data
Internet
Mobile
Series B
37M12 May 2021 Panama, San Francisco
Stonestep
Information Technology
Insurance
Professional Services
Service Industry
Series A
4M15 Dec 2016 Switzerland, Zug
Notion
Analytics
Apps
Business Development
Business Intelligence
Consulting
Home Improvement
Information Technology
Internet of Things
Security
Smart Home
Software
Wireless
Series A
10M13 Jun 2017 United States, Portland
Windward
Analytics
Artificial Intelligence
Big Data
Information Technology
Insurance
Machine Learning
Shipping
Software
Series C
16M12 May 2021 Israel, Tel Aviv-Yafo
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