An Australian financial services firm, XL Innovate, invests in and builds innovative, tech-driven insurance and risk management startups.
Location
New South Wales, AU
Founded
1999
XL Innovate sponsors global entrepreneurial teams with ideas for innovative approaches, applications and technology-driven enhancements of insurance and risk management. They invest in and build businesses that are addressing large markets and have the potential to become significant new companies. As a venture capital investor, they focus our attention on new and early stage businesses. Likely investments include information technology companies, new approaches to distribution and underwriting teams addressing new risk opportunities.
They look to fund businesses that are differentiated through valuable expertise, data and analytics. They focus on compelling teams, ideas and business opportunities. They seek opportunities where what they have to offer will be uniquely valuable to the venture. They provide our companies with equity capital, unparalleled partnership experience in building new ventures in this specific space, and access to the global underwriting skills and capacity of XL Catlin.
XL Ventures - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies4
Current Portfolio Count2
Total Portfolio Exits1
Top Investment Stages
Series C3 (75.0%)
Series A1 (25.0%)
Stage Mix
Series C 75%Series A 25%
Concentration shown as share of disclosed investments by stage.