Liberty Mutual formally launched its $150 million venture capital fund, Liberty Mutual Strategic Ventures, in mid-May. The fund is centered on three main focus areas: the connected home, next-generation vehicles and the sharing economy.
Its first strategic investment was in August Home, a provider of digital smart locks and Wi-Fi doorbells. Russ MacTough, managing director of Liberty Mutual Strategic Ventures, spoke to INN about the insurance giant’s decision to partner with August Home, ongoing efforts to keep up with emerging trends in insurtech and other startups the insurer might look to invest in.
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