venture capital fund News

XL Innovate, XL Group’s Venture Capital Company, Acquires New Energy Risk

Dublin-based XL Group plc announced that XL Innovate*, the venture capital fund sponsored by the company, has acquired all of the shares of New Energy Risk Inc. “New Energy Risk has developed and delivered to the market unique performance warranty …

AXA Strategic Ventures Invests in ‘Big Data’ Startup Company, Evercontact

AXA Strategic Ventures* has made a $1 million investment in the French tech startup company Evercontact, a cloud service that extracts contact information in emails and shares and updates them automatically. With more than 100,000 users, Evercontact is the only …

XL Group Creates Venture Capital Fund, XL Innovate; Hutton Named as Head

XL Group plc announced the creation of XL Innovate, an XL-sponsored venture capital initiative. The new fund will be led by Tom Hutton, a past director of XL who has a history of creating successful insurance and financial technology ventures, …