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Corporate Venture
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Investments

26

Portfolio Exits

1

Funds

1

About Liberty Mutual Strategic Ventures

Liberty Mutual Strategic Ventures is the venture capital arm for Liberty Mutual's U.S. Consumer Markets business, supporting entrepreneurs that are reshaping the insurance industry and enabling customers to protect what is most valuable. Liberty Mutual Strategic Ventures (LMSV) is a $150m early-stage venture fund focused on the intersection of innovative technology and services and the insurance industry.

Liberty Mutual Strategic Ventures Headquarter Location

175 Berkeley Street

Boston, Massachusetts, 02116,

United States

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Expert Collections containing Liberty Mutual Strategic Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Liberty Mutual Strategic Ventures in 2 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

I

Insurtech

26 items

2020 Top 25 US P&C Insurers based on Gross Written Premiums in 2019, per NAIC

Latest Liberty Mutual Strategic Ventures News

Azibo Secures $19 Million Series A Led by SVB Capital

Jan 12, 2022

RET Ventures, Liberty Mutual Strategic Ventures, Victory Park Capital, and Gaingels Join Existing Investors Canaan, Khosla Ventures, QED Investors, Camber Creek, Assurant Ventures, and Context Ventures Azibo, the free, one-stop-shop financial services platform for the rental property market, announced a $19M Series A round led by SVB Capital, with participation from new investors RET Ventures, Liberty Mutual Strategic Ventures, Victory Park Capital, and Gaingels, as well as existing investors Canaan, Khosla Ventures, QED Investors, Camber Creek, Assurant Ventures, and Context Ventures. The Series A funding will enable Azibo to hire new talent for the company’s Tahoe-Reno and San Francisco Bay Area teams, accelerate product innovation, and scale go-to-market efforts. In 2022, the team will continue to focus on building out the platform for the entire rental property ecosystem — enabling landlords to seamlessly interact with renters, property managers, and vendors — as well as developing new features that empower renters to improve their financial health. Azibo has seen strong traction since its platform launch, acquiring over 10,000 customers, reaching more than $130 million annual run rate in platform transaction volume, and achieving double-digit monthly growth in 2021. Azibo’s offerings include rent collection, bill payments, and expense management; full-service commercial banking; nationally licensed insurance; and lending solutions for mortgages and short-term loans. The company also created the Azibo Marketplace, a trusted network of partners offering best-in-class services for landlords and renters. “Since launching the company, we’ve focused on building an all-in-one platform that simplifies rental property finances and levels the playing field for independent landlords and everyone they interact with,” said Chris Hsu, CEO and Co-Founder of Azibo. “With this funding, we will accelerate our priorities of delivering innovation on our core products, driving commercial success, creating awareness in the market, and building out our amazing team.” “Azibo has brought needed innovation to an underserved market, demonstrating momentum at the intersection of FinTech and real estate,” said  Beau Laskey , Managing Partner at SVB Capital. “We are impressed by the team’s deep understanding of the rental property sector, and we’re excited to help them get to the next level.” “Real estate technology products have proliferated in recent years, but independent landlords have largely been overlooked. Azibo’s powerful platform is poised to transform this massive market,” said Aaron Ru , Vice President at RET Ventures. “The company’s robust product suite is already delivering tangible value to its users, and we’re proud to join the company’s journey as it improves the financial side of operations for a growing number of residential landlords.” FinTech veteran  Wontaek Shin  joins Azibo as Chief Technology Officer Azibo also announced that Wontaek Shin, a proven FinTech engineering leader who previously drove innovation at SoFi, Figure, and Auction.com, has joined the company as CTO. Wontaek brings with him two key engineers — Kenji High as Principal Engineer focused on frontend engineering, and JK Paek as Senior Staff Engineer focused on microservice development — and will continue to grow the team in 2022. “Wontaek is the critical missing piece to the Azibo senior leadership team and is uniquely positioned to help lead and scale our technology and innovation,” said Hsu. “He comes with a reputation of being the go-to guy to tackle big challenges and get things done. Wontaek’s deep FinTech and marketplace expertise, as well as his ability to develop teams, manage third party integrations, and architect powerful software will be a huge asset to the company. I can’t wait to work closely with him to deliver exciting innovations to our customers.”

Liberty Mutual Strategic Ventures Investments

26 Investments

Liberty Mutual Strategic Ventures has made 26 investments. Their latest investment was in Azibo as part of their Series A on January 1, 2022.

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Liberty Mutual Strategic Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2022

Series A

Azibo

$19M

Yes

4

12/2/2021

Series D

Karamba Security

$10M

No

16

9/30/2021

Series B - III

Homee

$17M

No

10

9/1/2021

Series B

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$99M

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10

5/19/2021

Series C

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$99M

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10

Date

1/12/2022

12/2/2021

9/30/2021

9/1/2021

5/19/2021

Round

Series A

Series D

Series B - III

Series B

Series C

Company

Azibo

Karamba Security

Homee

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Amount

$19M

$10M

$17M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

16

10

10

10

Liberty Mutual Strategic Ventures Portfolio Exits

1 Portfolio Exit

Liberty Mutual Strategic Ventures has 1 portfolio exit. Their latest portfolio exit was August Home on October 19, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/19/2017

Acquired

$99M

3

Date

10/19/2017

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

3

Liberty Mutual Strategic Ventures Fund History

1 Fund History

Liberty Mutual Strategic Ventures has 1 fund, including LMSV Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/19/2016

LMSV Fund I

Early-Stage Venture Capital

Closed

$150M

1

Closing Date

5/19/2016

Fund

LMSV Fund I

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$150M

Sources

1

Liberty Mutual Strategic Ventures Team

2 Team Members

Liberty Mutual Strategic Ventures has 2 team members, including current Managing Director, Russ MacTough.

Name

Work History

Title

Status

Russ MacTough

Managing Director

Current

Dan Robinson

Managing Director

Current

Name

Russ MacTough

Dan Robinson

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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