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Avanta Ventures

CVC

USFintechCybersecurityAI/MLDeep TechOther

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Investment thesis

Avanta Ventures, the corporate venture capital arm of CSAA Insurance Group, aims to reimagine the future of insurance through engagement and investment in ground-breaking US-based startups and entrepreneurs. Its mission is to identify disruptive technologies and new breeds of services across Insurtech, Mobility, and risk-adjacent sectors — including alternative distribution, big data & applied AI, cybersecurity, connected vehicles, PropTech, and embedded insurance — fostering an ecosystem of best-in-class startups and venture partner relationships. Avanta invests in early-stage US-based companies at the Seed, Series A, and Series B stages, providing portfolio companies with access to deep insurance expertise, financial investment, insurance-specific resources, and opportunities for commercial engagement with CSAA. The firm also operates Avanta Studios, an accelerator for pre-seed companies, helping them achieve product-market fit and initial institutional financing. Founded in 2017 with a $75M Fund I, Avanta launched a $225M Fund II in 2022, bringing total AUM to over $300M. As of early 2024, the firm began winding down new investments while continuing to manage its existing portfolio.

Notable quotes

We're looking to connect with new and aspiring companies that have built a differentiated product. We're ready to talk with promising startups where we can add value and help them progress to their next stages, driving growth for the portfolio company and for CSAA.

Sanjiv Parikh · InsurTech Digital / InsuranceNewsNet — Avanta Ventures Fund II announcement · 2022

Avanta Ventures, the venture capital arm of CSAA Insurance Group, is excited to invest and partner with Kin Insurance that is successfully leveraging technology, data, and analytics to better understand risk and underwriting for homeowners insurance to benefit members.

Sanjiv Parikh · Kin Insurance Series B press release · 2020-08-13

I am proud of the Avanta team and the important contributions they have made to the company during the last several years, and we will continue to support our portfolio companies as we believe in their potential to change the game.

Debra Brackeen · Global Corporate Venturing — CSAA wind-down announcement · 2024-02-08

Team

Sanjiv Parikh

Managing Partner

FintechAI/MLCybersecurityDeep TechOther

Steve Bernardez

Partner

FintechCybersecurityOther

David Li

Senior Principal

FintechAI/MLOther

Pooja Shah

Senior Associate

FintechOther

Esther Eller

Head of Avanta Studios

FintechOther

Deepak Mishra

Principal

FintechAI/MLOther

Recent investments

CompanyRoundSizeDate
Kin InsuranceSeries B$35m2020-08-13
RapidSOSSeries C$75m2022
Cowbell CyberSeries A$20m2021
OverhaulSeries B2023-09-22
MotorqSeries A$7m2020-08-07
Companion ProtectSeries A2024-08-13
Exponential MarketsSeed2024-02-13
AccuKnoxSeed2023
CAPE AnalyticsSeries B2021
DelosSeed2023-09-14

Frequent co-investors

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