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XL Innovate

Founders Tom Hutton

Overview

Investments

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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.

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Total investments 18
Average round size
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The average size of a deal this fund participated in
$13M
Portfolio companies 10
Rounds per year 2.57
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 2
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Insurance
  • Information Technology
  • InsurTech
  • Artificial Intelligence
  • Financial Services
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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Zendrive

Automotive
Autonomous Vehicles
Big Data
Internet
Mobile
$37M20 Aug 2019 San Francisco, California, United States

Embroker

Enterprise Software
Insurance
Risk Management
Small and Medium Businesses
$28M01 Dec 2018 San Francisco, California, United States

Slice Labs

Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
$20M26 Sep 2018 New York, United States

Windward

Analytics
Artificial Intelligence
Big Data
Information Technology
Insurance
Machine Learning
Shipping
Software
$16M01 Jul 2018 Tel Aviv District

Cape Analytics

Analytics
Artificial Intelligence
Information Technology
InsurTech
Machine Learning
Property Insurance
Real Estate
$17M22 Jun 2018 Mountain View, California, United States

Slice Labs

Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
$11M05 Oct 2017 New York, New York, United States

Pillar Technologies

Analytics
Big Data
Construction
Insurance
Internet of Things
Risk Management
$2M01 Sep 2017 New York, New York, United States

GeoQuant

Analytics
Artificial Intelligence
Information Services
Information Technology
Intelligent Systems
Risk Management
Software
$4M14 Jun 2017 San Francisco, California, United States

Notion

Apps
Home Improvement
Internet of Things
Security
Smart Home
Software
Wireless
$10M13 Jun 2017 Denver, Colorado, United States

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Total investments 18
Average round size 13M
Rounds per year 2.57
Peak activity year 2016
Lead investments 8
Follow on index 0.44
Exits 2
Group Appearance index 0.89

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Zendrive

Automotive
Autonomous Vehicles
Big Data
Internet
Mobile
$37M20 Aug 2019 San Francisco, California, United States

Embroker

Enterprise Software
Insurance
Risk Management
Small and Medium Businesses
$28M01 Dec 2018 San Francisco, California, United States

Slice Labs

Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
$20M26 Sep 2018 New York, United States

Windward

Analytics
Artificial Intelligence
Big Data
Information Technology
Insurance
Machine Learning
Shipping
Software
$16M01 Jul 2018 Tel Aviv District

Cape Analytics

Analytics
Artificial Intelligence
Information Technology
InsurTech
Machine Learning
Property Insurance
Real Estate
$17M22 Jun 2018 Mountain View, California, United States

Slice Labs

Financial Services
FinTech
Information Technology
Insurance
InsurTech
Mobile Apps
$11M05 Oct 2017 New York, New York, United States

Pillar Technologies

Analytics
Big Data
Construction
Insurance
Internet of Things
Risk Management
$2M01 Sep 2017 New York, New York, United States

GeoQuant

Analytics
Artificial Intelligence
Information Services
Information Technology
Intelligent Systems
Risk Management
Software
$4M14 Jun 2017 San Francisco, California, United States

Notion

Apps
Home Improvement
Internet of Things
Security
Smart Home
Software
Wireless
$10M13 Jun 2017 Denver, Colorado, United States
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