Intact Insurance

Intact Insurance, established in 1809, is a prominent Canadian insurance company offering a wide array of property and casualty insurance products. It provides personal lines such as auto, home, and recreational vehicle insurance, as well as commercial lines for small to medium-sized businesses. These include commercial property, liability, and vehicle insurance, catering to diverse industries like retail, manufacturing, and contracting. Intact Insurance distributes its products through a network of brokers, independent agencies, and directly to consumers under brands like Intact Insurance, belairdirect, and Brokerlink. The company is a subsidiary of Intact Financial Corporation and is headquartered in Toronto, Canada.

Ben Belec

Senior Associate

Aaron Hoffman

Senior Associate

Jonathan Khov

Analyst

Elissa Kong

Analyst

Amine Mahmoudi

Director

Elizabeth Pipes

Senior Associate

Justin Smith-Lorenzetti

Vice President, Investments

55 past transactions

Venn (formerly Vault)

Series A in 2025
Venn is a banking platform that integrates multi-currency-based accounts to assist transfers. Venn makes it simple to manage business banking needs. It provides currency exchange rates in Canada, local checking accounts in multiple currencies, domestic and international bank transfers, and a corporate Mastercard to help clients manage their spending.

Jiffy

Acquisition in 2024
Jiffy Inc. is an online platform based in Toronto, Canada, that connects homeowners and businesses with pre-vetted service providers for a wide array of home and office maintenance tasks. Launched in 2015, Jiffy allows users to easily search for and request services such as appliance repair, carpet cleaning, plumbing, and moving and delivery, among others. The platform facilitates real-time connections based on the proximity and availability of service professionals, enabling consumers to book same-day appointments. Jiffy's system automates essential business tasks for service providers, including marketing, lead generation, appointment scheduling, and payment processing, thus empowering these professionals to enhance their operations and expand their customer base.

arqu

Series A in 2024
Arqu is a financial services company that focuses on specialty insurance solutions. It develops innovative software designed specifically for the insurance industry, utilizing proprietary technology to enhance the risk placement process. By providing data-driven, digital services, Arqu aims to improve efficiency, visibility, and transparency for its clients throughout every stage of the insurance placement.

Urban Jungle

Venture Round in 2024
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Coterie Insurance

Venture Round in 2024
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Shepherd

Series A in 2024
Shepherd is an Insurtech company focused on providing technology-driven insurance solutions tailored for the commercial construction sector. The company operates an online insurance platform that utilizes data and advanced technology to assess, anticipate, and price risks associated with construction projects. By streamlining traditional processes, Shepherd enables brokers to automate manual tasks, thereby enhancing efficiency and allowing them to dedicate more time to their clients. This approach not only improves the overall experience for construction professionals but also supports better risk management within the industry.

Resilience

Series D in 2023
Resilience is a cyber risk company focused on aiding middle to large market enterprises in achieving cyber resilience. Established by experts from the U.S. military and intelligence sectors, the company integrates cybersecurity, cyber insurance, and cyber risk management into one cohesive solution. It provides comprehensive cyber insurance tailored to meet the specific needs of organizations, leveraging advanced risk quantification models to ensure contract certainty. In addition to insurance, Resilience offers proactive and vigilant analysis of threats and vulnerabilities in real-time, allowing businesses to prioritize relevant risks and reduce false positives. The company further empowers organizations with action plans based on their unique risk profiles, covering areas such as governance, user education, compliance, and security posture review. Through these integrated approaches, Resilience strives to help organizations navigate the complexities of cyber threats and manage their risk exposure effectively.

CARTAN TRADE

Venture Round in 2022
Cartan Trade is a credit insurance company that provides a range of insurance services aimed at supporting businesses engaged in lending activities. The company specializes in commercial insurance solutions, which are designed to address risks associated with loans and payment processes. Cartan Trade's offerings include various coverage options, as well as real-time information services that enhance business strategies. By providing these tailored solutions, the company assists businesses in navigating the complexities of credit risk and payment security.

Properly

Series B in 2022
Properly Inc. is a Canadian real estate brokerage that specializes in the buying and selling of residential properties. Founded in 2018 and headquartered in Toronto, the company leverages technology to transform the home buying and selling experience. Properly operates an online platform that simplifies the process for clients by utilizing machine learning to provide accurate market valuations for homes. This innovative approach allows clients to purchase a new home before listing their current one, enhancing convenience and reducing the stress typically associated with these transactions. Through its services, Properly aims to make the real estate market more accessible and efficient for homeowners.

Ledger Investing

Series B in 2022
Ledger Investing Inc. operates an online marketplace that connects investors with insurance carriers, facilitating the purchase of securities linked to various classes of insurance risk. Founded in 2016 and based in Washington, D.C., the company enhances risk transparency and standardization in the creation of Insurance-Linked Securities (ILS). By leveraging advanced data infrastructure and analytics, Ledger Investing streamlines transactions and provides asset managers, pension funds, hedge funds, family offices, and other institutions with opportunities to earn returns through insurance investments. The platform combines financial engineering and software development, enabling investors to engage with a growing asset class that is uncorrelated to traditional investments like equities and fixed income, while also allowing insurers to access lower-cost capital through securitization.

Urban Jungle

Series A in 2022
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Pine

Series A in 2022
Pine is a digital mortgage company focused on transforming the traditional home financing process into a more accessible and efficient experience. By leveraging advanced technology, Pine aims to simplify and expedite mortgage services for its clients. The company provides a range of mortgage products, emphasizing a user-friendly approach that alleviates the complexities often associated with obtaining a mortgage. Pine combines technological innovation with personalized support, ensuring that clients receive a streamlined and stress-free mortgage experience.

Resilience

Series C in 2021
Resilience is a cyber risk company focused on aiding middle to large market enterprises in achieving cyber resilience. Established by experts from the U.S. military and intelligence sectors, the company integrates cybersecurity, cyber insurance, and cyber risk management into one cohesive solution. It provides comprehensive cyber insurance tailored to meet the specific needs of organizations, leveraging advanced risk quantification models to ensure contract certainty. In addition to insurance, Resilience offers proactive and vigilant analysis of threats and vulnerabilities in real-time, allowing businesses to prioritize relevant risks and reduce false positives. The company further empowers organizations with action plans based on their unique risk profiles, covering areas such as governance, user education, compliance, and security posture review. Through these integrated approaches, Resilience strives to help organizations navigate the complexities of cyber threats and manage their risk exposure effectively.

GoBolt

Series B in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Acko

Series D in 2021
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

Coterie Insurance

Series B in 2021
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Gatik

Series B in 2021
Gatik is a startup focused on developing autonomous technology for light and medium-duty trucks aimed at B2B short-haul logistics. Founded in 2017 and headquartered in Mountain View, California, the company specializes in artificial intelligence and automotive technology. Gatik's software is designed to facilitate SAE Level 4 autonomy for commercial vehicles, specifically Class 3 to Class 7 trucks and vans. This technology is tailored for middle-mile logistics, allowing customers to efficiently meet scheduled delivery requirements.

Properly

Series B in 2021
Properly Inc. is a Canadian real estate brokerage that specializes in the buying and selling of residential properties. Founded in 2018 and headquartered in Toronto, the company leverages technology to transform the home buying and selling experience. Properly operates an online platform that simplifies the process for clients by utilizing machine learning to provide accurate market valuations for homes. This innovative approach allows clients to purchase a new home before listing their current one, enhancing convenience and reducing the stress typically associated with these transactions. Through its services, Properly aims to make the real estate market more accessible and efficient for homeowners.

Algolux

Series B in 2021
Algolux is a Canadian AI software company specializing in advanced perception solutions for a variety of applications, including automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and video security. Founded on innovative research at the intersection of deep learning, computer vision, and computational imaging, the company provides robust and scalable tools that enhance image quality and optimize camera architectures. Algolux utilizes machine learning and deep perception technology to deliver cloud-based video analytics and embedded software, enabling clients to achieve superior results under diverse conditions, such as extreme lighting and adverse weather. The company's focus on safety and efficiency positions it as a leader in the development of solutions for both existing camera systems and new designs.

RSA Insurance Group

Acquisition in 2021
RSA Insurance Group is a prominent multinational insurance provider with a 300-year history, employing approximately 23,000 people and serving 17 million customers across more than 140 countries. Originally established in London, RSA has expanded its operations to include major markets in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East, and Latin America. The company specializes in general insurance, offering a wide range of products that include property and casualty insurance, marine, motor, renewable energy, and construction insurance. In the Middle East, RSA is recognized as a leading provider, catering to both commercial and retail clients with tailored solutions across various sectors, including motor, property, medical, and small to medium enterprises. Despite challenging market conditions, RSA maintains a focus on delivering strong and profitable performance in its insurance offerings.

GoBolt

Venture Round in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Snapsheet

Series E in 2021
Snapsheet is a leading provider of cloud-native claims management software designed to enhance the end-to-end claims process through digitization and intelligent automation. The company's solutions streamline various aspects of claims handling, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. Snapsheet's software suite emphasizes engagement and organizational agility, resulting in an improved customer experience. As a trusted partner in claims innovation, Snapsheet collaborates with over 100 clients, including major insurance carriers, third-party administrators, and emerging insurtech firms, to deliver the fastest digital auto insurance claims process in the United States.

Coterie Insurance

Series A in 2021
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Lunewave

Series A in 2020
Lunewave Inc., established in 2017 and headquartered in Tucson, Arizona, specializes in manufacturing Luneburg lens-based antennas and automotive radar sensor systems. These products are designed for various applications including autonomous driving, wireless communications, drones, telecommunication, aerospace/defense, and specialized research sectors. The company's sensors feature a compact, robust design capable of high resolution, all-directional fields of view, and long detection ranges, with custom-made antennas available in different sizes and operating frequencies to meet specific requirements.

Gatik

Series A in 2020
Gatik is a startup focused on developing autonomous technology for light and medium-duty trucks aimed at B2B short-haul logistics. Founded in 2017 and headquartered in Mountain View, California, the company specializes in artificial intelligence and automotive technology. Gatik's software is designed to facilitate SAE Level 4 autonomy for commercial vehicles, specifically Class 3 to Class 7 trucks and vans. This technology is tailored for middle-mile logistics, allowing customers to efficiently meet scheduled delivery requirements.

Acko

Series D in 2020
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

Flinks

Series A in 2020
Flinks, established in 2016 and headquartered in Montreal, Canada, specializes in financial data aggregation. It offers a platform that securely connects businesses with their users' financial data, enabling them to verify account ownership, balance, and transaction history. Flinks' API solutions allow companies to enrich their data and deliver improved financial products and services. The company is trusted by numerous leading businesses and complies with stringent data security and privacy standards.

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.

The Guarantee Company Of North America

Acquisition in 2019
The Guarantee Company of North America is a Canadian-owned insurance provider based in Toronto, specializing in a diverse range of insurance services. The company primarily focuses on specialty lines and surety, which constitute two-thirds of its business, while the remaining third is dedicated to personal lines, including a high net worth portfolio for home and auto insurance in Canada. Additionally, the company issues contract, commercial, and developer surety bonds, along with trade credit solutions, serving customers across Canada and the United States.

Gatik

Seed Round in 2019
Gatik is a startup focused on developing autonomous technology for light and medium-duty trucks aimed at B2B short-haul logistics. Founded in 2017 and headquartered in Mountain View, California, the company specializes in artificial intelligence and automotive technology. Gatik's software is designed to facilitate SAE Level 4 autonomy for commercial vehicles, specifically Class 3 to Class 7 trucks and vans. This technology is tailored for middle-mile logistics, allowing customers to efficiently meet scheduled delivery requirements.

Acko

Series C in 2019
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

Lunewave

Venture Round in 2019
Lunewave Inc., established in 2017 and headquartered in Tucson, Arizona, specializes in manufacturing Luneburg lens-based antennas and automotive radar sensor systems. These products are designed for various applications including autonomous driving, wireless communications, drones, telecommunication, aerospace/defense, and specialized research sectors. The company's sensors feature a compact, robust design capable of high resolution, all-directional fields of view, and long detection ranges, with custom-made antennas available in different sizes and operating frequencies to meet specific requirements.

Tomorrow.io

Series B in 2018
Tomorrow.io is a company that develops a weather intelligence platform designed to provide real-time and location-specific weather forecasts. Leveraging advanced technologies such as wireless signals, satellite data, and street cameras, the platform offers highly accurate micro weather information tailored to various industries affected by weather conditions. Customers, including notable organizations like the NFL, Uber, Delta, Ford, and National Grid, utilize Tomorrow.io's services to enhance operational efficiency, streamline communication, and optimize productivity and profit margins. The company operates globally, with a presence in North America, Latin America, Europe, and Asia, enabling businesses and individuals to effectively manage weather-related challenges and improve decision-making processes across different sectors.

Humatics

Series B in 2018
Humatics is a technology company that specializes in developing advanced microlocation systems aimed at enhancing how individuals and machines locate, navigate, and collaborate. Its flagship offering, the Spatial Intelligence Platform™, integrates proprietary software, hardware, and advanced algorithms to deliver centimeter and millimeter-scale positioning with remarkable precision. Utilizing cost-effective radio-frequency technology, Humatics' systems can track multiple moving transponder targets within a range of up to thirty meters, significantly surpassing the accuracy of existing solutions. These systems can interconnect to provide extensive positioning coverage across various environments, including factory work cells and distribution centers. Founded in 2015 by MIT professor David Mindell and technology expert Gary Cohen, Humatics is headquartered in Kendall Square, Cambridge, Massachusetts. The company boasts a skilled team of professionals, including radar experts, software engineers, and product development leaders, dedicated to pioneering innovative position-based products and services.

Metromile

Series E in 2018
Metromile, Inc. is a digital insurance platform based in San Francisco, California, specializing in pay-per-mile car insurance. The company provides real-time, personalized auto insurance policies that cater to the needs of modern drivers, utilizing data science to offer pricing that reflects actual mileage rather than traditional estimates. Metromile's services include the Metromile Pulse, a wireless device that connects to the car's onboard diagnostics port to track mileage, location, and driving behavior. This data collection supports the company's automated claims process and complimentary smart driving features, resulting in average savings of 47% compared to previous insurance costs. Additionally, Metromile licenses its technology platform to insurance companies globally, enabling them to enhance operational efficiency, automate claims, and reduce fraud losses. Originally founded as Fair Auto, Inc. in 2011, the company rebranded to Metromile in 2012.

Algolux

Series A in 2018
Algolux is a Canadian AI software company specializing in advanced perception solutions for a variety of applications, including automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and video security. Founded on innovative research at the intersection of deep learning, computer vision, and computational imaging, the company provides robust and scalable tools that enhance image quality and optimize camera architectures. Algolux utilizes machine learning and deep perception technology to deliver cloud-based video analytics and embedded software, enabling clients to achieve superior results under diverse conditions, such as extreme lighting and adverse weather. The company's focus on safety and efficiency positions it as a leader in the development of solutions for both existing camera systems and new designs.

Voyage

Series A in 2018
Voyage Auto, Inc. specializes in providing autonomous taxi services primarily for retirement communities. Founded in 2017 and headquartered in Santa Clara, California, the company aims to enhance mobility for residents who may face transportation challenges. By utilizing retrofitted mass-production vehicles, Voyage has developed a fleet of self-driving taxis designed to offer safe, efficient, and affordable rides. The company is dedicated to ensuring that all passengers reach their destinations comfortably and on time, with a focus on expanding its services beyond retirement communities to provide accessible transportation for a broader audience.

Renovo Auto

Venture Round in 2018
Renovo Auto specializes in developing technology for Automated Mobility on Demand systems, focusing on creating a robust operating system tailored for autonomous vehicles. Its platform integrates self-driving software, data analytics, and automotive-grade safety systems, enabling commercial fleets of autonomous vehicles to efficiently manage vast amounts of data and maintain cybersecurity. Renovo's technology leverages hundreds of sensors that generate multiple terabytes of data hourly, providing a safe, secure, and scalable solution designed for demanding environments. By facilitating seamless communication and service management, Renovo enables car manufacturers to deploy fully autonomous vehicles with ease.

Humatics

Series A in 2017
Humatics is a technology company that specializes in developing advanced microlocation systems aimed at enhancing how individuals and machines locate, navigate, and collaborate. Its flagship offering, the Spatial Intelligence Platform™, integrates proprietary software, hardware, and advanced algorithms to deliver centimeter and millimeter-scale positioning with remarkable precision. Utilizing cost-effective radio-frequency technology, Humatics' systems can track multiple moving transponder targets within a range of up to thirty meters, significantly surpassing the accuracy of existing solutions. These systems can interconnect to provide extensive positioning coverage across various environments, including factory work cells and distribution centers. Founded in 2015 by MIT professor David Mindell and technology expert Gary Cohen, Humatics is headquartered in Kendall Square, Cambridge, Massachusetts. The company boasts a skilled team of professionals, including radar experts, software engineers, and product development leaders, dedicated to pioneering innovative position-based products and services.

Intact Insurance Specialty Solutions

Acquisition in 2017
OneBeacon Insurance Group, Ltd. provides specialty property and casualty insurance products and services through its subsidiaries. The company operates two main segments: Specialty Products and Specialty Industries. The Specialty Products segment offers a diverse range of coverages, including provider excess insurance, multi-line package solutions, various liability insurances, and environmental risk solutions. In contrast, the Specialty Industries segment focuses on property and casualty insurance tailored for specific sectors such as technology, life sciences, telecommunications, and entertainment. This segment also provides accident coverages and identity theft management services. OneBeacon's products are distributed through independent agencies, regional and national brokers, wholesalers, and managing general agencies across the United States. Headquartered in Hamilton, Bermuda, OneBeacon Insurance Group operates as a subsidiary of Intact Financial Corporation as of September 2017.

Alert Labs

Funding Round in 2017
Alert Labs Inc. is a Kitchener, Canada-based company founded in 2015 that specializes in manufacturing water and flood monitoring sensors. As a subsidiary of Watsco, Inc., Alert Labs develops cellular-connected home protection technology designed for smart home monitoring services. The company's products include reliable and easy-to-install hardware and software that gather and analyze real-time data on water leaks, floods, and power issues. By providing homeowners with the ability to receive immediate alerts and insights through their smartphones, Alert Labs aims to help prevent property damage and reduce costs associated with water-related incidents.

Hangar

Venture Round in 2017
Hangar Technology, Inc. is a software company focused on automating aerial data acquisition and analysis for various commercial and industrial sectors. Founded in 2016 and headquartered in Austin, Texas, Hangar operates a platform that integrates a proprietary autonomous flight engine with top-selling drones, enabling a network of licensed pilots to safely capture aerial data. The company’s technology processes this data to deliver actionable insights, helping businesses improve their operations and drive return on investment. As a subsidiary of AirMap, Inc., Hangar is positioned to leverage its innovative approach to meet the growing demand for efficient and professional aerial data solutions.

Snapsheet

Series C in 2016
Snapsheet is a leading provider of cloud-native claims management software designed to enhance the end-to-end claims process through digitization and intelligent automation. The company's solutions streamline various aspects of claims handling, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. Snapsheet's software suite emphasizes engagement and organizational agility, resulting in an improved customer experience. As a trusted partner in claims innovation, Snapsheet collaborates with over 100 clients, including major insurance carriers, third-party administrators, and emerging insurtech firms, to deliver the fastest digital auto insurance claims process in the United States.

AirMap

Series A in 2016
AirMap, Inc. is a digital airspace and automation company that specializes in software solutions for managing low-altitude airspace and facilitating drone operations. Founded in 2015 and headquartered in Santa Monica, California, with additional offices in Europe and Asia, AirMap offers a UAS Traffic Management (UTM) platform. This platform provides critical airspace information, including geometries, restrictions, and situational awareness, to various stakeholders, such as airspace authorities, enterprise operators, and developers. AirMap aims to enable safe and efficient drone flight by organizing and automating airspace management, thereby fostering innovation in applications ranging from agriculture to public safety. The company collaborates with industry partners and is actively involved in initiatives like the Small UAV Coalition and NASA's UTM program, ensuring it plays a pivotal role in shaping the future of low-altitude aviation.

Metromile

Series D in 2016
Metromile, Inc. is a digital insurance platform based in San Francisco, California, specializing in pay-per-mile car insurance. The company provides real-time, personalized auto insurance policies that cater to the needs of modern drivers, utilizing data science to offer pricing that reflects actual mileage rather than traditional estimates. Metromile's services include the Metromile Pulse, a wireless device that connects to the car's onboard diagnostics port to track mileage, location, and driving behavior. This data collection supports the company's automated claims process and complimentary smart driving features, resulting in average savings of 47% compared to previous insurance costs. Additionally, Metromile licenses its technology platform to insurance companies globally, enabling them to enhance operational efficiency, automate claims, and reduce fraud losses. Originally founded as Fair Auto, Inc. in 2011, the company rebranded to Metromile in 2012.

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.

Comerco Services

Acquisition in 2015
Comerco Services Inc., established in 2003 and headquartered in Laval, Canada, specializes in customized business solutions. The company offers a range of insurance products, including automobile, home, and business coverage, along with warranty programs for manufacturers and distributors. Comerco also provides customer service and call center solutions, repair services for consumer products, and risk management services. Notably, they are the Canadian leader in protection plan management, consistently adapting to market needs and exceeding customer expectations.

Canadian Direct Insurance

Acquisition in 2015
Canadian Direct Insurance Incorporated is a property and casualty insurance company based in Vancouver, Canada, with an additional office in Edmonton. Founded in 1996, it specializes in providing personal insurance solutions to customers in British Columbia and Alberta. The company offers a variety of products, including auto insurance, home insurance (covering tenants, condos, and homeowners), and travel medical insurance. Canadian Direct Insurance operates a pioneering over-the-phone distribution model, which allows for direct sales, service, and claims handling, enabling the company to offer competitive pricing and significant cost savings to its customers. The company is committed to delivering quality customer service and timely claims responses. In 2015, it became a subsidiary of Intact Financial Corporation and integrated its operations in Alberta with the belairdirect brand, while continuing to maintain the Canadian Direct brand for direct customer offerings.

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.

Jevco Insurance Company

Acquisition in 2012
JEVCO Insurance Company is a prominent provider of specialty and niche insurance products based in Mississauga, Canada. The company focuses on offering automobile insurance services, catering to both individual consumers and businesses. By delivering tailored personal and commercial car insurance solutions, JEVCO aims to meet the diverse needs of its clients within the Canadian market.

Sunlogics

Venture Round in 2011
Sunlogics is a vertically-integrated global solar energy systems provider.

Empower Energies

Venture Round in 2011
Empower Energies, Inc. is engaged in the design, development, construction, ownership, and financing of commercial and industrial-scale solar energy projects, including rooftop, ground-mount, and canopy installations, as well as electric vehicle (EV) charging stations. The company also specializes in combined heat and power systems, helping organizations analyze their energy usage to implement cost-effective solutions that enhance efficiency and reduce environmental impact. Empower Energies provides access to various project financing options, supporting municipalities, universities, schools, hospitals, and multi-facility commercial and industrial entities in achieving their energy objectives without incurring upfront costs. Founded in 2010 and based in Frederick, Maryland, Empower Energies was previously known as ViSole Energy, Inc. and rebranded in May 2013. The company's operations extend internationally, encompassing projects across North America, Europe, and China.

AXA Canada

Acquisition in 2011
AXA Canada is a prominent provider of insurance products and services, catering to both individuals and businesses. The company offers a comprehensive range of insurance solutions, including home, auto, and life insurance, as well as health insurance options such as critical illness and disability coverage. With a workforce of approximately 2,300 employees, AXA Canada operates through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, the company reported direct premiums written of $2.0 billion, positioning it as the sixth largest property and casualty insurer in Canada. Over the past five years, AXA Canada has consistently achieved annual growth exceeding 7%, outpacing industry trends with an average combined ratio of 92.2%. This performance reflects its commitment to providing clients with a wide range of insurance products at competitive premium rates.

Turo

Series A in 2010
Turo Inc. is an online car rental marketplace that connects local car owners with travelers seeking to rent vehicles. Founded in 2009 and based in San Francisco, California, Turo allows users to list their cars for rent, offering options for local pickup, city delivery, and airport delivery. The platform provides a wide selection of vehicles at competitive prices, enabling car owners to earn income while providing convenient access to cars for renters. Turo facilitates a peer-to-peer car-sharing model, creating a vibrant community of trusted hosts and enhancing the travel experience for users. The company was formerly known as RelayRides, Inc. before rebranding in November 2015.
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