As the venture capital arm for Liberty Mutual, we invest in early-stage software, platform, and services companies who are reshaping the insurance landscape and enabling our policyholders to protect what they value most.
Our Focus Areas
Future of Mobility
Helps consumers improve their transportation experience and safety as vehicle technology progresses.
Future of Shelter
Services that impact how policyholders purchase, maintain, and protect their home.
Future of Commerce
Opportunities to enhance how small businesses operate while receiving the insurance protection that fits their needs.
Insurance Innovation
Evolving products and technologies that improve our capabilities across the insurance value chain.
Investment Strategy
Fund Size
Liberty Mutual Strategic Ventures is a $150M corporate venture fund backed by Liberty Mutual Insurance.
Focus Areas
We invest in insurtech, fintech, and adjacencies across the future of shelter, mobility, commerce and insurance innovation.
Lines of Business
Property and casualty focus across personal and commercial lines. We do not invest in life or health startups.
Geographic Focus
We primarily invest in the United States, but will evaluate startups that operate across Liberty Mutual’s global footprint.
Investment Stages
- Seed investments with a $750K to $2 million initial investment
- Series A and B investments with a $1M to $5 million initial investment
Round Structure
Ability to lead rounds, but a preference to co-invest with other venture funds.
Portfolio Companies
Azibo is a one-stop-shop financial services platform for the rental property market
Blueprint Title offers a modern approach to title insurance and closing, easing the process for buyers, sellers, and service professionals.
Driver is a next generation mobility safety platform.
Edge Case Research is committed to building safety into autonomous systems from the ground up.
Homee is an on-demand home services platform that provides homeowners and property managers with instant access to skilled service providers.
Karamba Security provides cybersecurity solutions for connected and autonomous vehicles.
LeaseLock replaces security deposits for renters with an insurance product.
Realm helps homeowners maximize their property value.
SingularCover is a Barcelona-based online small business insurance platform that provides quotes and coverage in seconds.
Snapsheet is a virtual auto claims estimating and settlement platform.
Super is a subscription service that provides care and repair for your home.
Turo is a car rental marketplace where travelers can rent cars from local car owners.
Exits
August Home is the leading provider of smart locks and smarter home access products and services that make life more simple and secure.
Dispatch enables enterprises and service professionals to deliver modern service experiences.
Notion is home awareness simplified. Sensors work seamlessly together to monitor almost anything in your home through a simple app.
Roadster provides an automotive eCommerce software solution that enables dealerships to offer a completely digital car buying experience.
Sponsorships
Liberty Mutual is a proud sponsor of Visible Hands, which funds underrepresented founders at the earliest stages of company-formation and provides personalized support as the founders build high-growth startups.
Our Team
Russ MacTough
Managing Director
Russ MacTough is Managing Director of Liberty Mutual Strategic Ventures, the corporate venture capital arm of Liberty Mutual Insurance. Prior to joining Liberty Mutual he was a Vice President with Morgan Partners, a Fintech-focused middle market investment bank, where he led M&A transactions primarily in the insurance technology sector. Before that Russ worked at Silicon Valley Bank in the San Francisco Bay Area. At SVB he helped build the bank’s advisory services group.
Josh Cohen
Director
Josh Cohen is a founding member of LMSV, joining the team in 2015. As a Director, Josh is responsible for sourcing, due diligence, legal negotiation, and post-deal management. Prior to joining the fund, Josh focused on competitive intelligence and strategy within the insurance market at Liberty Mutual. Prior to joining Liberty Mutual, Josh worked at Ernst & Young and is a licensed CPA. Josh is a graduate of Boston University with a degree in Finance and Accounting.
Dave DeSisto
Director
Dave DeSisto is an Associate at LMSV and joined the team in 2017. As a Director, Dave is responsible for sourcing, due diligence, legal negotiation, and post-deal management. Prior to joining the fund, Dave was an Associate at Wells Fargo where he worked with private equity firms to structure and underwrite debt facilities for leveraged buyouts, dividend recapitalizations, and acquisition financings. Prior to Wells Fargo, Dave worked at PwC in their Management Consulting practice. Dave is a graduate of Bentley University with a degree in Corporate Finance and Accounting.
Mary Tobin
Principal
Mary joined the LMSV team in 2019 and works to identify, diligence, and support new venture investments. Mary is a visiting professor at Tufts University’s Experimental College, where she teaches an undergraduate class on the startup innovation ecosystem, and she sits on the board of the New England Venture Network. Prior to joining the fund, Mary built partnerships and programs to improve the venture ecosystem via the New England Venture Capital Association. Mary co-founded her first startup during undergrad at Northeastern University where she also started still-running TEDxNortheasternU.
Join our team
Join our team
LMSV is hiring an Analyst! This role supports the team’s market research, opportunity identification, screening, due diligence, operations, and portfolio reporting efforts. The Analyst will report to the Director on the team and work cross-functionally across the entire organization to support the venture fund’s operations and deal process. Apply here.
News
January 11, 2022
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August 11, 2021