Intact Ventures

Intact Ventures is the venture capital arm of Intact Financial Corporation, a leading provider of property and casualty insurance in Canada. The company offers a wide range of insurance products for individuals and businesses, including personal auto and property insurance, commercial lines insurance, and specialty products for various industry groups. Intact Ventures aims to invest in innovative startups and technologies that can disrupt and enhance the insurance industry, leveraging the company's expertise and resources to drive growth and innovation. With a focus on customer-centric solutions and transparent insurance terms, Intact Ventures plays a key role in shaping the future of insurance through strategic investments and partnerships.

Karim Hirji

SVP and MD

Aaron Hoffman

Senior Associate

Justin Smith-Lorenzetti

VP, Investments

54 past transactions

Lunewave Inc.

Series A in 2020
Lunewave Inc. manufactures Luneburg Lens-based Antenna and Automotive Radar Sensor System. It serves the telecommunication, aerospace/defense, automotive, and specialized research sector. The company was incorporated in 2017 and is based in Tucson, Arizona.

Empower Energies Inc.

Venture Round in 2011
Empower Energies Inc. (formerly Sunlogics PLC) is a vertically-integrated global solar energy systems provider specializing in solar project development and installation.Empower Energies Inc. has a strategic partnership with Sunlogics Power Management Fund Inc (SLMU:US) and with other entities for the purpose of owning and operating solar projects developed by Empower Energies Inc.. The scope of the company's current projects and operations reach to the nations of the world including Canada, United States, Europe and China.

Humatics

Series B in 2018
Humatics’ breakthrough microlocation system and analytics software comprise a Spatial Intelligence Platform™ that will revolutionize how people and machines locate, navigate and collaborate. A single Humatics system, using simple, inexpensive radio-frequency technology, can pinpoint multiple, moving transponder targets at ranges up to thirty meters with millimeter-scale precision, vastly outperforming existing systems at a fraction of the cost. These systems can network together to provide broader, ultra-precise positioning coverage – from factory work cells to entire distribution centers and beyond. With its extensible architecture and application programming interfaces (APIs), the Spatial Intelligence Platform™ will power an ecosystem of new position-based products and services. Humatics was founded in 2015 by Massachusetts Institute of Technology professor David Mindell and technology industry veteran Gary Cohen. Headquartered in Kendall Square, Cambridge, Massachusetts, Humatics has grown to include a world-class team of radar experts, programmers, roboticists, software engineers, and product development leaders.

Snapsheet

Series E in 2021
Snapsheet is a pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Coterie

Series B in 2021
Coterie integrates insurance into tools and processes that businesses and operators already use, adding protection with just a click. Our API-based approach to commercial insurance uses data-driven automation, providing accurate coverage–without the hassle. Founded in 2018 by David McFarland, Kevin Mackey, and Tim Metzner, Coterie is headquartered in Cincinnati, Ohio.

AirMap

Series A in 2016
AirMap is helping make drones a part of everyday life by building the foundations for the low-altitude air navigation systems of the future. The emergence of small, powerful, and autonomous drones, is transforming society. Drones are being used for agriculture, public safety, aerial photography and cinematography, and soon, package delivery. The next century of aviation innovation is happening at the local level, not across oceans, and it's happening below 500 feet. AirMap is organizing this low altitude information so innovation can take flight. AirMap works collaboratively with industry partners to create the future for drones. It focuses exclusively on providing airspace information so that others in the nascent industry can build amazing vehicles and applications. AirMap is a member of the Small UAV Coalition and the NASA Unmanned Traffic Management (UTM) program.

Arceo Labs, Inc.

Series C in 2021
Arceo Labs, Inc. through its brand Arceo provides cyber security and cyber analytics services to insurance industry firms. The company also provides service to cyber insurance brokers and carriers to assess, underwrite, manage cyber risks, artificial intelligence, and workflow automation. Arceo Labs, Inc. was incorporated in 2016 and is headquartered in San Francisco, California.

Voyage

Series A in 2018
Voyage is delivering on the promise of self-driving cars. Voyage has built the technology and services to bring autonomous transportation to those who need it most, beginning in retirement communities. Whether residents face mobility restrictions or just want to take a ride, Voyage takes pride in getting all our passengers to their destination safely, efficiently, and affordably. Our journey begins in calmer communities, but we won’t stop until anyone, anywhere can summon a Voyage.

Ledger Investing

Series B in 2022
Ledger Investing Inc. owns and operates an online marketplace platform for insurers to offer investors to buy securities covering various classes of insurance risk. It provides an opportunity for asset managers, pension funds, hedge funds, family offices, and other institutions interested in earning a return through insurance investing. The company was founded in 2016 and is based in Washington, District of Columbia.

Metromile, Inc.

Series E in 2018
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

Alert Labs Inc.

Funding Round in 2017
Alert Labs protects our customers'​ basements by gathering and analyzing real-time data with attractive, reliable, and easy-to-install hardware and software. Deployed sensor networks are on the alert for water leaks, floods, power issues, and more

RSA Insurance Group plc

Acquisition in 2021
With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, they employ around 23,000 people, serving 17 million customers in over 140 countries. While their origins lie in London, RSA is a global company with businesses in both mature and emerging markets. They have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. Their focus on general insurance delivers strong, profitable performance, even in the most challenging market conditions.

Algolux

Series B in 2021
Algolux is based in Canada.

The Guarantee Company of North America/ Frank Cowan Company Limited

Merger/Acquisition in 2019
As of December 2, 2019, The Guarantee Company of North America/ Frank Cowan Company Limited was acquired by Intact Financial Corporation. The Guarantee Company of North America/ Frank Cowan Company Limited represents the combined operations of Frank Cowan Company Limited and The Guarantee Company of North America. The Guarantee Company of North America comprises specialty lines insurer activities. Frank Cowan Company Limited comprises specialty insurance activities. Frank Cowan Company Limited and The Guarantee Company of North America are based in Canada.

Humatics

Series A in 2017
Humatics’ breakthrough microlocation system and analytics software comprise a Spatial Intelligence Platform™ that will revolutionize how people and machines locate, navigate and collaborate. A single Humatics system, using simple, inexpensive radio-frequency technology, can pinpoint multiple, moving transponder targets at ranges up to thirty meters with millimeter-scale precision, vastly outperforming existing systems at a fraction of the cost. These systems can network together to provide broader, ultra-precise positioning coverage – from factory work cells to entire distribution centers and beyond. With its extensible architecture and application programming interfaces (APIs), the Spatial Intelligence Platform™ will power an ecosystem of new position-based products and services. Humatics was founded in 2015 by Massachusetts Institute of Technology professor David Mindell and technology industry veteran Gary Cohen. Headquartered in Kendall Square, Cambridge, Massachusetts, Humatics has grown to include a world-class team of radar experts, programmers, roboticists, software engineers, and product development leaders.

Snapsheet

Series C in 2016
Snapsheet is a pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Properly

Series B in 2021
For most families, selling a home feels complicated, time consuming and expensive. We started Properly because we believe that it should be simple, flexible and stress-free. Using technology and local market expertise, Properly takes the uncertainty and work out of selling your home. We’ll give you a fair-market offer and the ability to close a sale on your schedule. No endless showings, repairs or staging. No holding two mortgages while you wait for a sale. No risk of a buyer falling through.

ClimaCell, Inc.

Series B in 2018
ClimaCell is an all-in-one weather intelligence platform that predicts and automates weather challenges. It combines Weather-of-Things data - from cell tower transmissions to connected cars - with traditional data sources and analyzes it using proprietary, cutting edge models.
The Guarantee Company of North America is a Canadian-owned insurance company with customers in Canada and the U.S. Two-thirds of its business is specialty lines and surety and one-third personal lines including a high net worth home and auto insurance portfolio in Canada.

Frank Cowan Company

Acquisition in 2019
Frank Cowan Company is a leader in providing specialized insurance programs, including risk management and claims services to municipalities, healthcare, education, community, children’s and social service organizations across Canada. Proven industry knowledge, gained through over nine decades of partnering with insurance companies and independent brokers, gives Frank Cowan Company the ability to effectively manage the necessary risk, advisory and claims services for both standard and complex issues.

Comerco Services

Acquisition in 2015
Comerco Services Inc. is the Canadian leader in Protection Plan management. We are constantly evolving in order to always meet the needs of the market and offer a quality of service that exceeds our customers’ expectations.

Intact Centre

Grant in 2015
The Intact Centre on Climate Adaptation (Intact Centre) is an applied research centre with a national focus located within the Faculty of Environment, University of Waterloo. The Intact Centre helps homeowners, communities, governments and businesses to identify, and reduce, risks associated with climate change and extreme weather events in Canada. The establishment of the Intact Centre was made possible from Intact Financial Corporation (Intact); in November 2015, Intact announced a gift of $4.25 million directed in support of the centre’s mission and goal.

Canadian Direct Insurance

Acquisition in 2015
Canadian Direct Insurance (Canadian Direct) is a Canadian federally chartered property and casualty insurance company that provides personal insurance solutions for its customers in British Columbia and Alberta. As a competitive alternative to the Insurance Corporation of British Columbia (ICBC) Canadian Direct began by selling ‘optional’ auto insurance in BC in 1996. Our pioneering over-the-phone distribution model was the first of its kind in the province. It enables us to pass on significant cost-savings, and gives us the ability to provide sales, service, and claims functions directly to customers. Canadian Direct offers customers a range of personal auto, home and travel insurance options. Our advanced quoting system helps us offer our customers competitive discounts and coverages to meet their home and automobile insurance needs. Canadian Direct is committed to providing competitively priced insurance products, a fair and timely response to claims, and quality customer service. In 2015 Canadian Direct joined forces with belairdirect! In Alberta, the Canadian Direct operations will be integrated with belairdirect, Intact Financial Corporation’s existing direct-to-consumer brand. The Canadian Direct brand will be maintained and will continue to offer its products directly to customers.

Gatik AI

Series A in 2020
Gatik is a startup developing technology for deploying autonomous vehicles for short-haul logistics. It specializes in the fields of artificial intelligence, automotive, and logistics. It was founded in 2017 and headquartered in Palo Alto, California.

OneBeacon Insurance Group, Ltd.

Merger/Acquisition in 2017
OneBeacon Insurance Group offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions: financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund.

Algolux

Series A in 2018
Algolux is based in Canada.

Gatik AI

Seed Round in 2019
Gatik is a startup developing technology for deploying autonomous vehicles for short-haul logistics. It specializes in the fields of artificial intelligence, automotive, and logistics. It was founded in 2017 and headquartered in Palo Alto, California.

Algolux

Convertible Note in 2020
Algolux is based in Canada.

Second Closet

Venture Round in 2021
Second Closet facilitates the pickup, storage, and return of customer belongings on schedule. Second Closet enables customers to schedule and book storage spaces and have their storage boxes, item pickup, and return transport as per their requirement. Second Closet's service is secure, convenient, and affordable. It is headquartered in Toronto, Ontario in Canada.

Lunewave Inc.

Venture Round in 2019
Lunewave Inc. manufactures Luneburg Lens-based Antenna and Automotive Radar Sensor System. It serves the telecommunication, aerospace/defense, automotive, and specialized research sector. The company was incorporated in 2017 and is based in Tucson, Arizona.

Acko General Insurance

Series C in 2019
Acko General Insurance is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and began offering similar policies in healthcare. The company was co-founded by Varun Dua and Ruchi Deepak in 2016.
Urban Jungle Services Ltd. operates an insurance platform designed to provide insurance for people who rent and share housing in the city. The company's insurance policy allows housemates to split the bill between themselves and change names if someone moves out. The policy offers protection for deposits and shared possessions, enabling young professional to save money by getting accessible home insurance. The insurance policy covers all home contents, smartphone, valuables, multiple bikes, security deposits, and emergency expenses from flood, fire, storm damage, theft, and accidental damage. Urban Jungle Services Ltd. was founded in 2016 and is based in London, United Kingdom.

Canadian Direct Insurance Incorporated

Merger/Acquisition in 2015
Canadian Direct Insurance Incorporated is a property and casualty insurance company that provides personal insurance solutions for its customers in British Columbia and Alberta. The company offers auto insurance; home insurance, including tenants, condo, and homeowners insurance; travel medical insurance; and other products. It sells products directly, as well as through over-the-phone distribution model. Canadian Direct Insurance Incorporated was formerly known as HSBC Canadian Direct Insurance, Inc. The company was founded in 1996 and is based in Vancouver, Canada with an additional office in Edmonton, Canada. As of May 1, 2015, Canadian Direct Insurance Incorporated operates as a subsidiary of Intact Financial Corporation.

AXA Canada

Acquisition in 2011
AXA Canada (www.axa.ca) and its 2,300 employees offer home, auto and business insurance as well as life insurance products through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, AXA Canada direct premiums written amounted to $2.0 billion making the company the 6th largest P&C insurer in the country. Over the last five years, the company has grown annually by more than 7% and has outperformed the industry with an average combined ratio of 92.2%.

Second Closet

Series B in 2021
Second Closet facilitates the pickup, storage, and return of customer belongings on schedule. Second Closet enables customers to schedule and book storage spaces and have their storage boxes, item pickup, and return transport as per their requirement. Second Closet's service is secure, convenient, and affordable. It is headquartered in Toronto, Ontario in Canada.

Snapsheet

Series E in 2021
Snapsheet is a pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Properly

Series B in 2022
For most families, selling a home feels complicated, time consuming and expensive. We started Properly because we believe that it should be simple, flexible and stress-free. Using technology and local market expertise, Properly takes the uncertainty and work out of selling your home. We’ll give you a fair-market offer and the ability to close a sale on your schedule. No endless showings, repairs or staging. No holding two mortgages while you wait for a sale. No risk of a buyer falling through.

Acko General Insurance

Series D in 2021
Acko General Insurance is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and began offering similar policies in healthcare. The company was co-founded by Varun Dua and Ruchi Deepak in 2016.

Gatik AI

Series B in 2021
Gatik is a startup developing technology for deploying autonomous vehicles for short-haul logistics. It specializes in the fields of artificial intelligence, automotive, and logistics. It was founded in 2017 and headquartered in Palo Alto, California.

Metromile, Inc.

Private Placement in 2018
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

Minuto Corretora de Seguros S.A.

Venture Round in 2019
Minuto Corretora de Seguros S.A. operates as an insurance brokerage company in Brazil. It offers auto, personal accident, home, life, and travel insurance for individuals and their families. The company also provides business insurance for companies to protect their corporate assets from physical damages resulting from fires, thefts, natural disasters, etc.; and health, life, and dental insurance for companies to benefit their employees. It offers its services through telephone, e-mail, SMS, and online chat. The company was founded in 1993 and is based in São Paulo, Brazil.

Turo

Series A in 2010
Turo Inc. operates an online car rental marketplace that enables local car owners to list their cars and travelers to rent them for local pickup, city delivery, and airport delivery. It enables users to calculate and discover what their car could earn for them. Turo, Inc. was formerly known as RelayRides, Inc. and changed its name to Turo, Inc. in November 2015. The company was founded in 2009 and is based in San Francisco, California.

Metro General Insurance Corporation Limited

Acquisition in 2014
Metro General Insurance Corporation Limited is a privately owned property and casualty insurance company domiciled in St. John's, Newfoundland. Metro General was incorporated in 1972. Its 23 employees offer home, auto and liability insurance to consumers through a network of brokers located throughout Newfoundland and Labrador and in rural Nova Scotia.

Coterie

Series A in 2021
Coterie integrates insurance into tools and processes that businesses and operators already use, adding protection with just a click. Our API-based approach to commercial insurance uses data-driven automation, providing accurate coverage–without the hassle. Founded in 2018 by David McFarland, Kevin Mackey, and Tim Metzner, Coterie is headquartered in Cincinnati, Ohio.

JEVCO Insurance Company

Acquisition in 2012
JEVCO Insurance Company, a leading provider of specialty and niche insurance products for individuals and businesses in Canada.
OneBeacon Insurance Group offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions: financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund.

Acko General Insurance

Series D in 2020
Acko General Insurance is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and began offering similar policies in healthcare. The company was co-founded by Varun Dua and Ruchi Deepak in 2016.

Hangar Technology

Venture Round in 2017
Hangar is building an automated platform for drones to deliver fast, professional aerial data across industry. Using a proprietary autonomous flight engine deeply integrated with the world’s top selling drones, Hangar allows a worldwide network of pilots to safely and professionally acquire data. This data is processed and analyzed using proprietary and market leading technology to deliver actionable results to their clients.

Renovo Auto

Venture Round in 2018
Renovo builds technology for Automated Mobility on Demand systems. Its technology merges self-driving software, data analytics, and automotive-grade safety systems into a unified high-performance solution. Renovo-enabled vehicles command hundreds of sensors generating multiple terabytes of data—each hour—on a safe, secure, and scalable platform developed in extremely demanding environments.

Flinks Technology Inc.

Series A in 2020
Flinks Technology Inc. develops financial data aggregators and allows users to synchronize banking information with mobile application. It offers robust solutions to validate accounts, verify account balance, and access transaction history. The company provides hosted application programming interface (API) that allows users to test solutions. Its API solution connects mobile application with user’s financial data providing custom interface to users. The company compliances, communicates, and stores sensible information. Flinks Technology Inc. was founded in 2016 and is based in Montreal, Canada.

Metromile, Inc.

Series D in 2016
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

Comerco Services

Merger/Acquisition in 2015
Comerco Services Inc. is the Canadian leader in Protection Plan management. We are constantly evolving in order to always meet the needs of the market and offer a quality of service that exceeds our customers’ expectations.