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Liberty Mutual Strategic Ventures

CVC

USGBDEFRNLOtherFintechAI/MLCybersecurityClimateMarketplacesB2B SaaSEnterpriseDeep Tech

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Investment thesis

Liberty Mutual Strategic Ventures is the corporate venture capital arm of Liberty Mutual Insurance, investing in early-stage software, platform, and services companies reshaping the (re)insurance landscape with a focus on empowering policyholders, agents, brokers, and employees. The fund targets areas strategically relevant to Liberty Mutual's global, diversified P&C insurance footprint — specifically Mobility (personal, shared, commercial, electrification, autonomous), PropTech (residential, commercial, construction tech, climate risk), FinTech & InsurTech (value chain enablement, embedded distribution, parametric insurance, data), and SMB & Enterprise (AI, cybersecurity, ESG, energy transition). LMSV does not invest in life or health startups, primarily focuses on the United States and Europe, invests Seed through Series B with a $750K–$5M initial check size, and prefers to co-invest alongside other venture funds while retaining the ability to lead rounds.

Notable quotes

We've been in the insurtech market for almost 10 years now, supporting our portfolio companies and working tirelessly to create mutual value for them and our valued partners across Liberty Mutual. The continued financial support and strategic commitment of Liberty Mutual is a differentiator for LMSV and its portfolio companies.

Russ MacTough · LinkedIn Pulse — LMSV Fund II Announcement · 2024-07-22

In today's dynamic risk environment, it's even more critical to continue to support the entrepreneurial ecosystem. Doing so allows us to develop a deep understanding of emerging risks and trends, find innovative solutions for our industry's challenges and meet ever-changing customer needs.

Tim Sweeney · LinkedIn Pulse — LMSV Fund II Announcement · 2024-07-22

Blitzy has built the most advanced autonomous software development platform in the market today. We have been fortunate to see this first-hand at Liberty where tasks that took months were compressed into hours and days. Excited to deepen our partnership and help build a category defining company here in Boston.

David DeSisto · LinkedIn post — Blitzy Series A announcement · 2026-05-05

Team

Russ MacTough

Managing Director

FintechB2B SaaSEnterprise

Josh Cohen

Partner

FintechAI/MLB2B SaaS

David DeSisto

Partner

AI/MLDeep TechEnterprise

Mary Tobin

Principal

FintechMarketplacesB2B SaaS

Alex Ahmadi

Principal

FintechEnterpriseAI/ML

Recent investments

CompanyRoundSizeDate
BlitzySeries A$200m2026-05-05
Trunk ToolsSeries B$40m2025-07-24
Pano AISeries B2025-06-17
CruxSeries B2025-04-18
Maximum InformationSeed$3m2025-12-16
Roots AutomationSeries B$22m2024-09-17
TuroSeries E
SnapsheetSeries B
Karamba SecuritySeries B
HyroSeries B

Frequent co-investors

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