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XL Innovate

3555 Alameda de las Pulgas, 2nd Floor, Menlo Park, CA, 94025, United States

Overview

Venture creation for innovation in the global insurance industry.

Founded

2015

Deals ยท 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

Israel
Switzerland
United States

Sector focus

Commercial Insurance
Insurance
InsurTech
Property Insurance
...

Investment portfolio

15rounds
NAMEDATESIZE
Zendrive
Aug 2019Led
$37 MSeries B
Embroker
Apr 2019Participated
$28 MSeries B
Slice Labs
Sep 2018Participated
$20 MSeries A
Windward
Jul 2018Led
$17 MSeries C
Cape Analytics
Jun 2018Led
$17 MSeries B
Slice Labs
Oct 2017Led
$12 MSeries A
Pillar Technologies
Aug 2017Participated
$3 MSeed
GeoQuant
Jun 2017Led
$4 MSeed
Notion
Jun 2017Participated
$10 MSeries A
Stonestep
Dec 2016Led
$4 MSeries A
Lemonade
Dec 2016Participated
$34 MSeries B
Cape Analytics
Nov 2016Participated
$14 MOther Equity
Zendrive
Aug 2019Led
$37 MSeries B
Embroker
Apr 2019Participated
$28 MSeries B
Slice Labs
Sep 2018Participated
$20 MSeries A
Windward
Jul 2018Led
$17 MSeries C
Cape Analytics
Jun 2018Led
$17 MSeries B
Slice Labs
Oct 2017Led
$12 MSeries A
Pillar Technologies
Aug 2017Participated
$3 MSeed
GeoQuant
Jun 2017Led
$4 MSeed
Notion
Jun 2017Participated
$10 MSeries A
Stonestep
Dec 2016Led
$4 MSeries A
Lemonade
Dec 2016Participated
$34 MSeries B
Cape Analytics
Nov 2016Participated
$14 MOther Equity
15
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

XL Innovate: 15 funding rounds are recorded in the selected participation categories.All available history.
XL Innovate: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed31
Series A23
Series B22
Series C+10
Other Equity01

Monthly Deal Activity

XL Innovate: 15 deals are recorded across 128 months.All available history.
XL Innovate: 15 deals are recorded across 128 months. All available history
MonthDeals
Mar '161
Apr '160
May '161
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '161
Dec '162
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '172
Jul '170
Aug '171
Sep '170
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '181
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

XL Innovate: Fintech is the largest displayed sector by deal count (12 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

XL Innovate: Fintech is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Fintech12
Enterprise Software7
Data, Analytics & IT6
Networks, Cloud & Communication5
AI & Machine Learning5
Professional Services5
Real Estate & Construction5
Cybersecurity & Privacy2
Transportation & Logistics2
Space & Frontier Tech1

Deal Size Distribution

XL Innovate: 15 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

XL Innovate: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M0
$10M-$25M7
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

XL Innovate: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

XL Innovate: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
Europe1
Israel1
XL Innovate: 20 co-investors are shown, with Aleph sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

XL Innovate: 20 co-investors are shown, with Aleph sharing 3 recorded deals. All available history
Co-investorShared deals
Aleph3
Horizons Ventures3
Nyca Partners3
Bee Partners2
Canaan Partners2
Data Collective2
Formation 82
Khosla Ventures2
Lux Capital2
Montage Ventures2
Munich Re Ventures2
Promus Ventures2
Sompo Holdings2
Tusk Venture Partners2
500 Global1
ACME Capital1
BMW i Ventures1
CSAA Insurance Group1
DNX Ventures1
FinTech Collective1

Investment Strategy

XL Innovate: Led accounts for 53% and participating for 47% of round participation.All available history.
XL Innovate: Led accounts for 53% and participating for 47% of round participation. All available history
CategoryDeals (count)Share (%)
Led853%
Participating747%
XL Innovate: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
XL Innovate: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead675%
Co-led225%

Team

Martha Notaras

Partner

Tom Hutton

Managing Partner