XL Innovate

XL Innovate is a corporate venture capital firm that focuses on investing in innovative insurance technology companies. Established in 2015, the firm is headquartered in Menlo Park, California. As a subsidiary of XL Group plc, XL Innovate leverages its parent company's expertise in the insurance industry to identify and support startups that are transforming the sector through technology-driven solutions. The firm's investment strategy centers on identifying and supporting startups that are transforming the insurance sector through technology-driven solutions. By partnering with these companies, XL Innovate aims to drive innovation and positive impact within the insurance industry. Over the years, XL Innovate has built a diverse portfolio of companies that are at the forefront of insurtech innovation. Some of the notable companies in their portfolio include Lemonade, a provider of AI-driven insurance policies; Embroker, a digital insurance brokerage; and Slice Labs, a platform for on-demand insurance. These investments reflect XL Innovate's commitment to supporting companies that are reshaping the insurance landscape through technological advancements. Through its strategic investments, XL Innovate continues to play a pivotal role in fostering innovation within the insurance industry, supporting companies that are developing new solutions to meet the evolving needs of consumers and businesses alike.