Avanta Ventures collects $225m for sophomore fund

The fundraising brings the firm's assets under management to more than $300m.

  • Avanta Ventures’ primary investment sectors are insurtech, mobility, and risk-adjacent sectors
  • Avanta Ventures invests $1m to $10m in early-stage companies
  • In 2017, Avanta Ventures closed its inaugural fund at $75 million

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has raised $225 million for its second early-stage fund.

The fundraising brings the firm’s assets under management to more than $300 million
Avanta Ventures’ primary investment sectors are insurtech, mobility and risk-adjacent sectors such as fintech, cybersecurity, smart homes and applied artificial intelligence. Avanta Ventures invests $1 million to $10 million in early-stage companies at the seed, Series A and Series B stages.

“We’re looking to connect with new and aspiring companies that have built a differentiated product,” said Sanjiv Parikh, managing partner of Avanta Ventures, in a statement. “We’re ready to talk with promising startups where we can add value and help them progress to their next stages, driving growth for the portfolio company and for CSAA.”

In 2017, Avanta Ventures closed its inaugural fund at $75 million.

In addition to its venture fund investments, Avanta Ventures operates an accelerator called Avanta Studios. The accelerator works with pre-seed companies to help them with product-market fit, customer and partner engagement and initial institutional venture financing.