Investor profile
Allstate Investments (Allstate Strategic Ventures)
CVC
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Allstate Investments, through its corporate venture arm Allstate Strategic Ventures (ASV), invests in entrepreneurs whose disruptive technologies — ranging from insurtech and fintech to new mobility models, proptech, enterprise SaaS, cybersecurity, data management, and deep and frontier tech — will help shape the future of the insurance industry and adjacent sectors. ASV operates three funds: Fund I targets Series A and later-stage companies with near-term strategic value for Allstate; Fund II invests from Seed stage onwards for strong financial returns and strategic alignment; and Fund III focuses on emerging global trends and long-term horizon technologies (including climate tech and quantum computing) to future-proof Allstate against evolving risks. Investment sizes range from $1M–$10M across Seed to pre-IPO stages, with a geographic focus on the US, Canada, and Europe. The broader Allstate Investments platform also manages private equity, real estate, infrastructure, and public markets portfolios, drawing on Allstate's ~$83 billion balance sheet.
Notable quotes
“Some of this might include investing in novel technologies that can be big game changers, like quantum computing or companies that will future-proof against climate change.”
“We have actually had a lot of deals where the companies refused to take down rounds. That didn't mean we put them aside. We focused more on the commercial side of these engagements.”
“Rapidly growing data volumes in our industry demand high-performance analytics solutions with capabilities built for faster insights, better predictions, and scalable growth. Ocient's disruptive approach to efficient, high-performance analytics solutions is a strong addition to the Allstate Strategic Ventures portfolio, and we look forward to supporting the disruption they're driving in this space.”
Team
Tarik Galijasevic
Vice President & Managing Director, Allstate Strategic Ventures
Reese Schroeder
Managing Director, Allstate Strategic Ventures
Chris Quinn
Associate, Allstate Strategic Ventures
Michael Barzyk
Global Head of Private Equity, Allstate Investments
Josh Clark
Managing Principal, Private Equity, Allstate Investments
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Ocient | Series B Extension | $132m | 2025-07-07 |
| VISO TRUST | Venture | $7m | 2024-11-21 |
| Matic Insurance | Venture | — | 2023-10-11 |
| Moderne | Venture | — | 2023-02-07 |
| Inrupt | Venture | — | 2021-11-17 |
| Stride Health | Series C | $47m | 2021-10-26 |
| Prevailion | Venture | — | 2021-04-01 |
Frequent co-investors
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