Avanta Ventures

Avanta Ventures, LLC is the venture capital arm of CSAA Insurance Group, focusing on investments in innovative startups within the insurance technology, mobility, customer experience, connected home, artificial intelligence, analytics, and blockchain sectors. Founded in 2017 and headquartered in Mountain View, California, Avanta Ventures leverages its deep industry expertise and resources to support the development of products and services that deliver significant value to AAA members. The firm aims to transform risk management and provide new solutions to life's uncertainties, aligning with the broader mission of CSAA Insurance Group, one of the leading personal lines property and casualty insurance underwriters in the United States. Through its investments, Avanta Ventures seeks to empower startups to bring forward fresh ideas that enhance the insurance experience for millions of members.

Stephen Bernardez

Partner

David Li

Senior Principal

Sanjiv Parikh

Managing Partner

Pooja Shah

Senior Associate

19 past transactions

Car IQ

Series B in 2023
Car IQ Inc. is a company that has created a cloud-based vehicle management platform and payment gateway tailored for auto dealer groups, car sharing services, and autonomous vehicles. Established in 2016 and located in San Francisco, California, Car IQ offers an innovative automotive payment solution that allows vehicles to autonomously initiate payments for various services, including tolls, fuel, and parking, without the need for credit cards. The technology relies on a patented machine identity verification process, enabling vehicles to connect directly to payment networks and service providers. This platform leverages sensor data from the vehicle to facilitate seamless transactions and enhance the overall management of automotive services.

Airspace Link

Series B in 2022
Airspace Link digitizes local airspace for urban air mobility. It provides government, citizen, and business drone solutions to support local government airspace management, fostering citizen empowerment, and business innovation through consumer and b2b air logistical support and services. It was founded in 2018 and is based in Detroit, Michigan.

Kin Insurance

Series D in 2022
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Motorq

Series B in 2022
Motorq enables access to connected vehicle data and analytics at scale so that enterprises such as fleets, insurance companies and governments can rapidly improve operations and expand services. They future-proof the vehicle data strategy for these enterprises, empowering them to lead in the new mobility world.

Delos Insurance

Seed Round in 2021
Delos is building a digital property insurance company for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.

Blueprint Title

Series B in 2021
Blueprint Title offers a modern approach to title insurance and closing.

InShare Services Inc.

Seed Round in 2021
InShare Services is founded on the premise that the majority of players offering risk management solutions in the Sharing Economy lack intimate knowledge and insights. InShare founders Mark Warnquist, Sean Fitzsimmons and Andy Cohen bring more than 75 years of insurance/risk management experience with over a decade in High Tech & the Sharing Economy. We are “the” source for Sharing Economy Insurance & Claims Solutions:

Car IQ

Series B in 2021
Car IQ Inc. is a company that has created a cloud-based vehicle management platform and payment gateway tailored for auto dealer groups, car sharing services, and autonomous vehicles. Established in 2016 and located in San Francisco, California, Car IQ offers an innovative automotive payment solution that allows vehicles to autonomously initiate payments for various services, including tolls, fuel, and parking, without the need for credit cards. The technology relies on a patented machine identity verification process, enabling vehicles to connect directly to payment networks and service providers. This platform leverages sensor data from the vehicle to facilitate seamless transactions and enhance the overall management of automotive services.

Overhaul

Series B in 2021
Overhaul Group, Inc. is a software solutions provider focused on visibility and risk management for the global transportation and logistics industry. Founded in 2015 and headquartered in Austin, Texas, the company offers a platform that integrates various data sources to enhance supply chain integrity. Its software allows users to track compliance during the entire shipping process, from pick-up to delivery, while enabling real-time monitoring of critical factors such as temperature fluctuations and suspicious activities. By connecting disparate data points, Overhaul transforms this information into actionable insights that can prompt immediate corrective measures, ensuring that cargo is delivered safely, undamaged, and on time. The company was previously known as OverHaul Group, LLC before rebranding to its current name in December 2015.

LoanSnap

Series B in 2021
LoanSnap is a mortgage company that provides people with a clear view of their finances and shows them where they may be losing money every month. It currently serves the residents of California, Florida, Illinois, Colorado, and Tennessee. Allan Carroll and Karl Jacob founded Loansnap in 2017. It is headquartered in San Francisco, CA.

Motorq

Series A in 2020
Motorq enables access to connected vehicle data and analytics at scale so that enterprises such as fleets, insurance companies and governments can rapidly improve operations and expand services. They future-proof the vehicle data strategy for these enterprises, empowering them to lead in the new mobility world.

Kin Insurance

Series B in 2020
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Motorq

Series A in 2020
Motorq enables access to connected vehicle data and analytics at scale so that enterprises such as fleets, insurance companies and governments can rapidly improve operations and expand services. They future-proof the vehicle data strategy for these enterprises, empowering them to lead in the new mobility world.

ROOM8

Seed Round in 2019
ROOM8, Inc. designs and develops an application that enables users to find roommates and apartments. It offers ROOM8, an application that connects roommates, landlords, and renters’ insurance packages. The company’s application is available on Google Play and App Store. ROOM8, Inc. was founded in 2004 and is based in Walnut Creek, California. ROOM8, Inc. operates as a subsidiary of CSAA Insurance Exchange.

RapidSOS

Series B in 2019
RapidSOS, Inc. operates an emergency response data platform that delivers critical information from over 350 million connected devices directly to 9-1-1 and first responders during emergencies. The platform enhances public safety by providing rich multimedia, health profiles, and real-time incident data, supporting more than 4,800 Emergency Communications Centers and protecting over 90% of the U.S. population during approximately 250 million emergencies each year. Key offerings include the Clearinghouse, which enables emergency requests from RapidSOS-enabled devices, and an Emergency API suite that transmits user data to emergency services. Additionally, the RapidSOS Portal provides public safety agencies with secure access to life-saving data. Founded in 2012 and headquartered in New York, RapidSOS collaborates with certified partners to improve emergency response times and outcomes, ultimately aiming to create a safer future through the integration of technology and public safety efforts.

RapidSOS

Series B in 2019
RapidSOS, Inc. operates an emergency response data platform that delivers critical information from over 350 million connected devices directly to 9-1-1 and first responders during emergencies. The platform enhances public safety by providing rich multimedia, health profiles, and real-time incident data, supporting more than 4,800 Emergency Communications Centers and protecting over 90% of the U.S. population during approximately 250 million emergencies each year. Key offerings include the Clearinghouse, which enables emergency requests from RapidSOS-enabled devices, and an Emergency API suite that transmits user data to emergency services. Additionally, the RapidSOS Portal provides public safety agencies with secure access to life-saving data. Founded in 2012 and headquartered in New York, RapidSOS collaborates with certified partners to improve emergency response times and outcomes, ultimately aiming to create a safer future through the integration of technology and public safety efforts.

Kin Insurance

Convertible Note in 2019
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Car IQ

Series A in 2019
Car IQ Inc. is a company that has created a cloud-based vehicle management platform and payment gateway tailored for auto dealer groups, car sharing services, and autonomous vehicles. Established in 2016 and located in San Francisco, California, Car IQ offers an innovative automotive payment solution that allows vehicles to autonomously initiate payments for various services, including tolls, fuel, and parking, without the need for credit cards. The technology relies on a patented machine identity verification process, enabling vehicles to connect directly to payment networks and service providers. This platform leverages sensor data from the vehicle to facilitate seamless transactions and enhance the overall management of automotive services.
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