Liberty Mutual Insurance Company

Liberty Mutual Insurance Company, established in 1912, is a prominent U.S. property and casualty insurer, ranked third by direct premiums written. Headquartered in Boston, Massachusetts, it offers a wide range of insurance products, including personal and commercial coverage, life insurance, and specialized services for military personnel and their families. The company's portfolio also includes farm owners, renters, mobile home, seasonal property, and vacant property insurance. Liberty Mutual is committed to providing competitively-priced, broad, and useful insurance solutions to meet its customers' evolving needs.

Michael J. Babcock

Director

Monica Caldas

Executive Vice President and Chief Information Officer

Mark Cressey

EVP and General Manager, Tech Global Digital Services

Mike Fiato

Executive Vice President and Chief Claims Officer, US Consumer Markets

Edward Politis

User Experience Director

Andrew Stephens

Global Private Equity Director

David Young

Director, International Strategy - Liberty Mutual Benefits

40 past transactions

Hyro

Series B in 2024
Hyro develops a conversational artificial intelligence platform that enhances user interactions across various digital channels. By leveraging natural language understanding, the platform allows organizations to create plug-and-play AI assistants capable of engaging customers through voice and chat. Hyro's innovative approach enables seamless ingestion of existing data to automatically build knowledge graphs, facilitating frictionless deployment and maintenance without the need for integration, playbooks, or extensive training data. The platform also features an advanced analytics dashboard, allowing organizations to customize conversations and improve customer engagement effectively.

Rebuilding Together

Grant in 2024
Rebuilding Together is a nonprofit organization that focuses on repairing homes, revitalizing communities, and rebuilding lives.

Companion Protect

Series A in 2024
Companion Protect, LLC is a pet insurance and wellness service administrator based in Topeka, Kansas, established in 2015. The company specializes in providing comprehensive health care coverage for pets, addressing a wide range of injuries and illnesses, such as cancer treatments, respiratory issues, arthritis care, surgeries, and various accidents. Companion Protect's coverage also includes wellness exams, emergency care, and necessary prescriptions. Operating within the business-to-business-to-consumer (B2B2C) model, it partners with notable brands in the property and casualty insurance, employee benefits, retail, and animal welfare sectors. The company utilizes its advanced PALS technology platform to deliver a streamlined and user-friendly experience for insurers and policyholders, ensuring that pet owners have access to essential health products and services to maintain their pets' well-being.

Energy Allies

Grant in 2024
Eenrgy Allies is a service provider in the field of solar energy and other forms of clean energy contributing to climate action.

Companion Protect

Series A in 2023
Companion Protect, LLC is a pet insurance and wellness service administrator based in Topeka, Kansas, established in 2015. The company specializes in providing comprehensive health care coverage for pets, addressing a wide range of injuries and illnesses, such as cancer treatments, respiratory issues, arthritis care, surgeries, and various accidents. Companion Protect's coverage also includes wellness exams, emergency care, and necessary prescriptions. Operating within the business-to-business-to-consumer (B2B2C) model, it partners with notable brands in the property and casualty insurance, employee benefits, retail, and animal welfare sectors. The company utilizes its advanced PALS technology platform to deliver a streamlined and user-friendly experience for insurers and policyholders, ensuring that pet owners have access to essential health products and services to maintain their pets' well-being.

Nexus Program Management Group

Private Equity Round in 2023
Nexus PMG is a management and consultancy organization that specializes in infrastructure funds and private equity enterprises. The company was founded in 2013 and is based in Addison, Texas.

A. M. Best

Debt Financing in 2022
A.M. Best Company is a global credit rating agency with a unique focus on the insurance industry. Insurance professionals, brokers, regulators and consumers refer to Best's Credit Ratings as an opinion of the financial strength and creditworthiness of risk-bearing entities and investment vehicles. Watch a video to learn more about A.M. Best's corporate mission and values.

State Auto Insurance

Acquisition in 2022
State Auto Insurance, based in Columbus, Ohio, offers a range of personal and commercial insurance products across the United States. The company operates through three primary segments: Personal Insurance, which includes personal automobile and homeowners insurance; Commercial Insurance, which provides coverage for commercial automobiles, multi-peril policies, general liability, workers' compensation, and farm and ranch insurance; and Investment Operations, which manages investments for affiliated insurance companies. Founded in 1921, State Auto has maintained a commitment to the independent agency system, allowing local agents to deliver tailored and personalized service to their clients. The company markets its products primarily through independent retail and wholesale agencies, ensuring accessibility and support for policyholders.

TopOlefin Technology

Series A in 2022
TopOlefin Technology specializes in the research, development, and production of advanced polymer materials, with a focus on high-end optical resins. The company is dedicated to creating products characterized by high transparency, high refractive index, and strong gas barrier properties. These innovative materials find applications across various industries, including optical lenses, medical packaging, and consumer packaging. By prioritizing green and intelligent design, TopOlefin Technology aims to deliver high-quality resin solutions that meet the diverse needs of its clients.

Jupiter Intelligence

Series C in 2021
Jupiter Intelligence, Inc. is a technology company that specializes in climate risk analytics, providing tools and platforms to assess the impacts of weather and climate change. Founded in 2017 and based in San Mateo, California, Jupiter offers the ClimateScore Intelligence Platform, which utilizes cloud computing to integrate various predictive models that process data from numerous ground-based and satellite sensors. The company's offerings include Jupiter FloodScore, which assists users in preparing for potential flooding, and Jupiter HeatScore, which predicts extreme temperatures to help organizations mitigate heat- and cold-related risks. By transforming complex climate science into actionable data, Jupiter enables businesses to proactively manage and disclose climate risks, helping them navigate the increasing frequency and severity of extreme weather events.

One River Asset Management

Series A in 2021
One River Asset Management is an investment company founded in 2013 by Eric Peters and is based in Greenwich, Connecticut. The firm specializes in delivering absolute-return strategies and constructing diversified portfolios for its clients. Additionally, it encompasses One River Digital Asset Management, which focuses on providing institutional clients with access to digital assets through well-developed investment products. The company aims to navigate the evolving landscape of both traditional and digital investment opportunities.

Omnidian

Series B in 2021
Omnidian, Inc. is an insurance company based in Seattle, Washington, specializing in protection plans for residential, commercial, and industrial solar energy systems. Founded in 2015, the company offers comprehensive services that include monitoring, field service repair, and lifetime performance guarantees for solar installations. Omnidian's solutions are designed for both individual homeowners and financial institutions managing large portfolios of residential solar assets. Their offerings encompass real-time performance monitoring, proactive service alerts, and full coverage for hardware and software issues through a nationwide network of service professionals. Additionally, Omnidian guarantees reimbursement for energy loss, ensuring that investments in solar energy are protected and optimized throughout the system's lifecycle. The company aims to support the growth of the residential solar industry while providing peace of mind to its clients.

AmGeneral Insurance

Acquisition in 2021
AmGeneral Insurance Berhad is a motor and general insurance company based in Malaysia. It offers a diverse range of general insurance services, focusing on both personal and commercial lines. The company provides coverage for vehicles, homes, and various types of property, catering to the needs of its customers. By offering low-interest rates and flexible down-payment options, AmGeneral aims to make insurance more accessible to its clientele.

NYDIG

Corporate Round in 2021
NYDIG is a technology and financial services firm dedicated to Bitcoin for institutions, private clients, and banks. The firm offers asset management, derivatives, financing, custody, and execution services. NYDIG's platform satisfies the highest regulatory, audit, and governance standards.

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.

Apollo

Series A in 2021
Apollo Insurance Solutions is Canada's largest online insurance marketplace, designed to facilitate the buying and managing of insurance for small businesses. The company's platform enables brokers to instantly quote, bind, and issue policy documents in real time, offering a range of insurance products including professional liability and health-related coverage. By empowering brokers with a digital solution, Apollo allows them to better meet the needs of their clients and adapt to evolving market expectations. Co-founded by Jeff McCann, David Dyck, Justin Hamade, and Drew Green, the company launched its platform after a successful beta testing phase in April 2019. Apollo also introduced a unique digital monthly subscription insurance model, further enhancing accessibility for small businesses. The leadership team comprises experienced industry and entrepreneurial figures, ensuring a strong foundation for growth and innovation in the insurance sector.

Jupiter Intelligence

Funding Round in 2020
Jupiter Intelligence, Inc. is a technology company that specializes in climate risk analytics, providing tools and platforms to assess the impacts of weather and climate change. Founded in 2017 and based in San Mateo, California, Jupiter offers the ClimateScore Intelligence Platform, which utilizes cloud computing to integrate various predictive models that process data from numerous ground-based and satellite sensors. The company's offerings include Jupiter FloodScore, which assists users in preparing for potential flooding, and Jupiter HeatScore, which predicts extreme temperatures to help organizations mitigate heat- and cold-related risks. By transforming complex climate science into actionable data, Jupiter enables businesses to proactively manage and disclose climate risks, helping them navigate the increasing frequency and severity of extreme weather events.

RiskGenius

Series B in 2019
RiskGenius is a developer of a policy review platform that utilizes artificial intelligence and machine learning to enhance the efficiency of insurance professionals. The platform is designed to streamline the work of underwriters, brokers, and regulators by interpreting, organizing, and standardizing policy language. Through its custom algorithms and workflow modules, RiskGenius enables its customers to gain a better understanding of policy language, thereby facilitating more efficient underwriting workflows. The company's focus on true policy automation allows insurance professionals to connect with digital knowledge, ultimately improving their operational effectiveness and decision-making processes.

Snapsheet

Series E in 2019
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.

Super

Series B in 2019
Super Home Inc. offers a subscription-based service designed to assist homeowners with care and repair for their properties. Founded in 2014 and headquartered in San Francisco, California, the company serves members in Washington, DC, and Maryland. Super provides coverage for repairs and replacements of appliances and home systems that experience breakdowns. Users can conveniently access services through various devices, including desktop and mobile platforms. Additionally, Super's maintenance schedule helps homeowners understand their property's needs, ensuring they receive timely assistance without incurring high costs.

OnDeck

Post in 2018
OnDeck is a technology-enabled financial platform founded in 2006 and headquartered in New York City. The company specializes in providing loan financing to small and medium-sized businesses, addressing the challenges they face in accessing capital. OnDeck employs proprietary software to analyze operational data from businesses, utilizing algorithms to determine loan eligibility based on actual performance rather than just personal credit scores. This innovative approach allows OnDeck to deliver a range of financing options, including short-term and unsecured loans, thereby enabling small businesses to secure the funds they need quickly and effectively. By focusing on performance-based assessments, OnDeck fills a critical gap in the market, offering credit solutions that traditional banks may not provide.

August Home

Series C in 2017
August Home Inc. is a technology company that specializes in developing smart home access products, primarily through its flagship offering, the August Smart Lock. Founded in 2012 by designer Yves Behar and technology expert Jason Johnson, the company is headquartered in San Francisco, California. August Home's products utilize encrypted locking technology, allowing users to replace traditional keys with smartphones. This innovation enables homeowners to create virtual keys for various individuals such as house cleaners, dog walkers, and guests, and to manage access durations remotely via smartphones and computers. The company also features August Pro, a division focused on supporting professional smart home installers. August Home operates as a subsidiary of ASSA ABLOY AB, further enhancing its capabilities in the smart home market.

TRU Services

Acquisition in 2017
TRU Services, LLC, established in 1995 and headquartered in Beverly, Massachusetts, specializes in medical stop loss insurance. It offers risk management services, claims administration, and cost containment solutions to mid- and large-size medical plan sponsors. The company's services also include ProAct solutions, such as dialysis and specialty pharmacy program evaluation, transplant coordination, and access to national centers of excellence for various medical conditions. TRU Services operates as a subsidiary of Liberty Insurance Underwriters, Inc.

Ironshore Insurance

Acquisition in 2016
Ironshore Insurance, established in 2006 and headquartered in Hamilton, Bermuda, specializes in providing commercial property and casualty insurance products globally, including in the United States and Bermuda. The company offers a diverse range of coverages, such as professional and management liability, environmental and specialty casualty insurance, aviation, political risk, and surety products. Additionally, Ironshore caters to specific sectors including real estate, hospitality, and energy, while also underwriting catastrophic excess casualty and healthcare insurance. Certain specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000. The company is recognized for its strong financial standing, holding an A (Excellent) rating from A.M. Best. Ironshore operates primarily in the wholesale market, focusing on complex and unique risks, and is committed to delivering customized insurance solutions and improved claims outcomes. As of May 2017, Ironshore operates as a subsidiary of Liberty Mutual Group.

All Set Works

Seed Round in 2016
All Set Works is an online platform that connects users with local service professionals, specializing in home cleaning, landscaping, plumbing, and repairs. Through its app, users can easily find, hire, schedule, communicate with, and pay for services provided by trusted professionals recommended by their neighbors. The platform emphasizes affordability and reliability, offering users the advantage of neighborhood discounts on various services. By facilitating access to vetted local providers, All Set Works aims to streamline the process of obtaining essential home services, ensuring a convenient and trustworthy experience for its users.

Uni.Asia General Insurance Berhad

Acquisition in 2014
Uni.Asia General ranks as the 14th largest non-life insurer in Malaysia in gross written premium for the financial year.

CarZen

Acquisition in 2013
CarZen is a company dedicated to simplifying the car research and purchasing process for individuals. It operates an online platform that provides comprehensive information to assist consumers in making informed decisions when buying cars. By emphasizing a personalized experience, CarZen aims to enhance the user journey, making it easier for potential car buyers to navigate their options and gather the necessary information tailored to their specific needs.

Utopia Global

Venture Round in 2012
Utopia Global, Inc., established in 2003, is a multinational data solutions company headquartered in Mundelein, Illinois. It specializes in Enterprise Data Lifecycle Management, offering a range of services including data strategy, migration, quality, and governance. Utopia Global serves diverse industries such as retail, oil and gas, manufacturing, and utilities, providing solutions tailored to each sector's unique data management needs. The company operates globally, with offices in North America, Europe, the Middle East, Asia, and Australia. Its services encompass software and professional consulting, with a focus on master data management, data cleansing, and SAP data services. Utopia Global's expertise lies in helping clients optimize their data management processes, enabling them to unlock the full potential of their enterprise data.

Safeco Insurance

Acquisition in 2008
Safeco has been offering personal insurance coverage for individuals and families since 1923. As a provider of property and casualty insurance, the company delivers a range of high-quality insurance products and services through independent agents nationwide. Based in Boston, Massachusetts, Safeco is a subsidiary of Liberty Mutual Insurance, which is one of the largest property and casualty insurers in the United States. In addition to personal insurance, Safeco's offerings include life insurance and various financial services, contributing to a comprehensive approach to risk management for its customers.

Zilliant

Series F in 2007
Zilliant provides price optimization and management software tailored for manufacturing, distribution, high-tech, and industrial service companies. Their solutions enable businesses to analyze pricing strategies, optimize prices, manage price lists, and handle quoting and negotiation processes. Key offerings include the Zilliant Precision Pricing Suite (ZPPS), which integrates price segmentation, optimization science, analytics, and process automation. Additionally, Zilliant offers tools for deal management, price campaign management, and pricing information management. The company also provides deployment strategies, implementation methodologies, and educational services to support business and technical users. Founded in 1999, Zilliant is headquartered in Austin, Texas.

Ohio Casualty

Acquisition in 2007
Ohio Casualty, a member of Liberty Mutual Insurance, specializes in providing property and casualty insurance. The company offers a diverse range of commercial insurance products aimed at helping clients identify and mitigate potential risks, thereby securing their financial future. Ohio Casualty operates in several states, including Delaware, the District of Columbia, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia. Its business model combines a service-oriented regional approach with the efficiency of a national infrastructure, allowing it to effectively serve agents, brokers, and their customers. The company's home office is located in Boston, Massachusetts.

Veraz Networks

Venture Round in 2007
Veraz Networks, Inc. specializes in voice infrastructure solutions for wireline and wireless service providers. Founded in 2001 and headquartered in San Jose, California, the company offers a range of products that include bandwidth optimization tools, such as the I-Gate 4000 family of media gateways and session bandwidth optimizers, as well as digital circuit multiplication equipment. Its switching products feature the ControlSwitch product family, network-adaptive border controllers, and session border controllers, all designed to facilitate the transport, conversion, and management of voice and data traffic over both time-division multiplexing and IP networks. In addition to its core products, Veraz Networks provides hardware and software maintenance, support, installation, training, and other professional services. The company markets its offerings through a direct sales force and various indirect sales channels, enabling the delivery of converged voice-data services across packet-based networks.

ePartners

Venture Round in 2005
ePartners is a business solutions provider specializing in Microsoft Business Software, serving clients across North America since 1992. The company focuses on implementing, deploying, and managing Microsoft-based technologies, including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Business Analytics. By taking the time to understand each client's unique needs and industry processes, ePartners creates customized solutions that enhance operational efficiency and empower employees at all levels. Their approach ensures a smooth transition with minimal learning curve, allowing businesses to align their IT strategies with overall objectives. Ultimately, ePartners aims to drive performance improvements and support growth by offering cost-effective, tailored technology solutions.

MoreMagic Solutions

Series D in 2005
MoreMagic Solutions is a global company that specializes in mobile commerce and financial services, facilitating transactions between mobile operators, financial institutions, retailers, and consumers. The company provides a high-throughput payment engine and pre-packaged applications that enable businesses to offer electronic payment services, allowing consumers to purchase goods and services on demand through mobile phones or the web. MoreMagic's solutions are designed for rapid implementation within existing networks and aim to generate new revenue streams for its customers. The average return on investment for businesses utilizing their services typically ranges from three to six months.

ClearCube

Series D in 2003
ClearCube Technology is a pioneer in the centralized computing industry, known for creating the first blade PC and continuing to lead in centralized and virtualized computing innovations. The company offers a comprehensive range of specialized PCoIP desktop zero clients and blade PCs designed for diverse user needs, from task-oriented employees to power users in engineering fields. ClearCube's products include highly secure zero clients with integrated token readers and various connectivity options, all optimized for seamless integration with VMware Horizon virtualization products. The company's solutions are widely adopted across thousands of federal and commercial locations, including prominent financial services firms, healthcare organizations, and government agencies such as the Department of Defense and Homeland Security. ClearCube focuses on providing secure, efficient, and manageable computing resources that address the cost savings and security requirements of centralization and virtualization initiatives, thereby enhancing the information technology infrastructure of its clients.

IP Unity

Series D in 2002
IP Unity delivers a carrier grade services platform for enhanced voice and telephony applications over ATM, TDM and VoIP Networks. The company's media servers, applications servers, enhanced service applications, and application partners allow customers to quickly and cost effectively offer new services associated with next generation networks while protecting their investment in legacy systems.

Viewlocity

Series F in 2002
Viewlocity Technologies, founded in 1999, specializes in supply chain management software, catering to sectors such as aerospace, automotive, retail, and manufacturing. The company is recognized for its solutions that enhance supply chain visibility and control, consistently ranking highly in analyst evaluations. Viewlocity's software encompasses various functionalities, including supply chain design, order lifecycle management, inventory management, and supplier management. By integrating data granularity and agility, the company enables clients to optimize their operations. Its innovative approach includes the use of alerts and impact analysis algorithms, allowing for automated problem resolution and improved recovery processes. As a result, Viewlocity's solutions help organizations reduce logistics and inventory costs while enhancing customer response capabilities.

Cygnal Integrated Products

Series C in 2002
The Cygnal Group specializes in designing, manufacturing, and marketing field-programmable, mixed-signal System-on-Chip products and associated support tools. The company focuses on integrating advanced analog, high-speed digital, and FLASH memory functions into a single device, offering users enhanced component integration, design flexibility, and improved system performance. Cygnal's product offerings include analog-intensive 8-bit microcontrollers, which are utilized across diverse applications such as industrial automation, automotive sensors, medical instrumentation, and electronic test equipment. The company's global sales strategy relies on a network of field application engineers and manufacturer representatives, ensuring comprehensive support across various markets, including communications systems, industrial equipment, and consumer products.

ePartners

Series C in 2000
ePartners is a business solutions provider specializing in Microsoft Business Software, serving clients across North America since 1992. The company focuses on implementing, deploying, and managing Microsoft-based technologies, including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Business Analytics. By taking the time to understand each client's unique needs and industry processes, ePartners creates customized solutions that enhance operational efficiency and empower employees at all levels. Their approach ensures a smooth transition with minimal learning curve, allowing businesses to align their IT strategies with overall objectives. Ultimately, ePartners aims to drive performance improvements and support growth by offering cost-effective, tailored technology solutions.

ShareBuilder

Series C in 2000
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