# XL Innovate: portfolio, investments and team > XL Innovate is an investment firm based in United States. 3 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/xl-innovate (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # XL Innovate Last cheque observed Apr 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Investment firm Series B Series C E-Commerce Mobile Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 3 on record Since the last cheque **2758** days **00** hrs **00** min **00** sec Median round **$33M** Rounds led **0 of 3** Pitch XL Innovate ## XL Innovate highlights - 01 3 rounds on record - 02 Mostly Series B and Series C: 100% of its rounds ## What they do - **Type:** Investment firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** E-Commerce Mobile Venture Capital & Private Equity - **Based in:** Menlo Park, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2019** 1 round - **Apr** **[Embroker](https://millionrounds.com/company/embroker)** Series B · US · VentureBeat **$28M** With 5 others - **2017** 1 round - **Dec** **[Lemonade](https://millionrounds.com/company/lemonade)** Series C · US · FinSMEs **$120M** With 8 others - **2016** 1 round - **Feb** **[Lemonade](https://millionrounds.com/company/lemonade)** **$33M** With 10 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## The cheque Series B Series C Median round joined **$33M** the round, not its cheque Led 0 of 3 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Apr 2019 Rounds by stage said on their site - Series B *1* - Series C *1* Cheques by year Led Joined 2016 2019 Often in the room with - [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2 - [Google Ventures](https://millionrounds.com/fund/gv) 2 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2 **Pitching XL Innovate?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as XL Innovate. A count of rooms they were both in, not a relationship either has claimed. [**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Google Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/gv)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital) ## Recently backed The latest companies XL Innovate put money into. [**Embroker** $28M · Apr 2019](https://millionrounds.com/company/embroker)[**Lemonade** $120M · Dec 2017](https://millionrounds.com/company/lemonade) ## Quick answers about XL Innovate ### What does XL Innovate invest in? XL Innovate invests most often at Series B and Series C (100% of the rounds on record), in sectors such as E-Commerce, Mobile and Venture Capital & Private Equity. ### How active is XL Innovate? 3 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2019. ### What has XL Innovate invested in recently? Its most recent investments on record: Embroker (Series B, Apr 2019) and Lemonade (Series C, Dec 2017). ### How big are XL Innovate's cheques? The median round it joins is $33M. ### Is XL Innovate investing now? No investments in the last 12 months; the latest was in Apr 2019. ### Who does XL Innovate invest alongside? Most often General Catalyst (2 rounds together), Google Ventures (2 rounds together) and Sequoia Capital (2 rounds together). ### What kind of investor is XL Innovate? XL Innovate is an investment firm based in Menlo Park, United States. ### Where does this information on XL Innovate come from? From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=xl-innovate) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=xl-innovate)