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XL Innovate

Venture Capital

XL Innovate is a Venture Capital firm based in San Francisco, United States.

XL Catlin-sponsored corporate VC fund focused exclusively on P&C insurtech startups addressing emerging and underserved risks globally.

Seed
Early Stage
Growth
Fintech
Insurtech
Insurance
Climate Tech
SaaS
Headquarters
San Francisco, United States
Founded
2015
Website
xlinnovate.com
Portfolio Companies
8
Total Investments
12
Last Investment
Jun 2026
Geographic Focus
Global, United States, North America
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Indexed holds 8 portfolio companies and 12 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Corporate VC exclusively focused on P&C insurance technology; backing startups that address emerging and underserved risks through data, analytics, and digital distribution.

It was founded in 2015. It has made 12 investments. Its portfolio includes Zendrive, Embroker and Cape Analytics. Focus areas include Fintech and Insurtech.

Portfolio8

Co-investors24

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24 co-investors across 26 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×23 · Corporate VC ×1 · 32 shared rounds

Investment History

Data from Indexed.vcUpdated

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XL Innovate on Indexed.vc
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