Allstate
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Investment Firm
Overview
Allstate offers a protection product through multiple brands including auto, home, life, and other insurance.
Allstate is one of the largest U.S. property-casualty insurers. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Life insurance contributes about 10% of revenue. Allstate products are sold in North America primarily by about 10,000 company agencies.
Founded in 1931, Allstate is based in Northbrook, Illinois, United States.
Highlights
Founded
1931
Industry
Financial Services
Employees
10001+
Investment
3
Lead Investment
1
Exits
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Stages
Late Stage Venture, Early Stage Venture
Investor Type
N/A
Location
Northbrook, Illinois, United States, North America
Contact Information
Social
Profile Resume
Allstate, established in 1931 and headquartered in United States, North America., specializes in Late Stage Venture, Early Stage Venture investments across Finance, InsurTech, Insurance, Small and Medium Businesses, Commercial Insurance, Information Technology, Financial Services, Venture Capital, Banking, Information Services. Their recent investments include Next Insurance, Allianz X, Inrupt, Akamai Technologies, Glasswing Ventures. The highest investment round they participated in was $24.0B. Among their most notable exits are Next Insurance and Allianz X. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
Allstate has made 3 investments. Their most recent investment was on Nov 01, 2023, when Next Insurance raised $265.0M.
investments
3
Diversity investments
0
Lead investments
1
Number of exits
undefined
Investments
3
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Oct 26, 2021 | Stride Health | Financial Services | 47.0M |
| Dec 09, 2021 | Inrupt | Information Services | 30.0M |
| Nov 01, 2023 | Next Insurance | Finance | 265.0M |
Exits
0
Funding Timeline
Funding rounds
3
Investors
0
Funds
0
Funding Rounds
3
Allstate has raised 3 rounds. Their latest funding was raised on Nov 01, 2023 from a Series F - Next Insurance round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Oct 26, 2021 | Series C - Stride Health | - | 47.0M | - |
| Dec 09, 2021 | Series A - Inrupt | - | 30.0M | - |
| Nov 01, 2023 | Series F - Next Insurance | - | 265.0M | - |
Investors
2
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
| - | No | Post-IPO Equity - Allstate | 0 |
| - | No | Post-IPO Debt - Allstate | 500.0M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Sep 24, 2024
PRNewswire - State Farm, Allstate and GEICO provide best digital experiences among P&C insurers, Corporate Insight research finds
News
Sep 19, 2024
SeekingAlpha - Allstate estimates August catastrophe losses at $272M
News
Sep 12, 2024
Global Legal Chronicle - The Standard’s Acquisition of Allstate Employer Voluntary Benefits Business
News
Sep 12, 2024
Coverager - Insurance news and insights - Allstate Financial Services selects Foresters Financial to enhance life insurance offerings
News
Sep 03, 2024
Business Wire - Preparedness is Power: Allstate Encourages Planning Ahead
News
Aug 29, 2024
Mercury News - Bay Area Allstate customers to face spiking home insurance premiums