XL Innovate
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Investment Firm
Overview
XL Innovate creates new ventures that can provide innovation and a meaningful positive impact on the global insurance industry. They invest capital, energy, experience-based expertise, and the substantial resources of their limited partner.
Highlights
Founded
2015
Industry
InsurTech
Employees
11-50
Investment
16
Lead Investment
9
Exits
4
Stages
Seed, Early Stage Venture, Late Stage Venture
Investor Type
Venture Capital
Location
United States, North America
Contact Information
Social
Profile Resume
XL Innovate, established in 2015 and headquartered in United States, North America., specializes in Seed, Early Stage Venture, Late Stage Venture investments across Information Technology, Financial Services, FinTech, InsurTech, Insurance, Mobile Apps, Venture Capital, Finance, Enterprise Software, Risk Management. The organization boasts a portfolio of 16 investments, with an average round size of $15.3M and 4 successful exits. Their recent investments include Slice Labs, Horizons Ventures, Embroker, Canaan Partners, 500 Global. The highest investment round they participated in was $22.4B. Among their most notable exits are Slice Labs and Horizons Ventures. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
XL Innovate has made 16 investments. Their most recent investment was on Aug 20, 2019, when Zendrive raised $37.0M.
investments
16
Diversity investments
0
Lead investments
9
Number of exits
4
Investments
16
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Jul 01, 2018 | Windward | Information Technology | 16.5M |
| Sep 26, 2018 | Slice Labs | Information Technology | 20.0M |
| Dec 01, 2018 | Embroker | Enterprise Software | 28.0M |
| Aug 20, 2019 | Zendrive | Internet | 37.0M |
Windward
Slice LabsExits
4
Funding Timeline
Funding rounds
16
Investors
0
Funds
0
Funding Rounds
16
XL Innovate has raised 16 rounds. Their latest funding was raised on Aug 20, 2019 from a Series B - Zendrive round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Jul 01, 2018 | Series C - Windward | - | 16.5M | - |
| Sep 26, 2018 | Series A - Slice Labs | - | 20.0M | - |
| Dec 01, 2018 | Series B - Embroker | - | 28.0M | - |
| Aug 20, 2019 | Series B - Zendrive | - | 37.0M | - |
Investors
0
There is no funding round available on this profile
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 |
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Recent Activity
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