XL Innovate

XL Innovate is a california based venture capital firm investing in companies in the global insurance industry. Founded in 2015, it focuses on early-stage companies involved in financial information and technology specializing in property and casualty insurance. It seeks to invest in in-house companies that address emerging and undeserved risk, disruptive new insurance models, and high-value insurance data and analytics company. As of December 2019, the firm has made 18 investments with 10 portfolio companies and one exit. Its prominent portfolio companies include Zendrive, Embroker, Lemonade, Stonestep and Slice Labs.