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Avanta Ventures closes Fund II at $225m

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has raised $225 million for its early-stage Fund II, bringing assets under management to over $300 million.

Avanta Ventures’ primary investment focus is insurtech, mobility, and risk-adjacent sectors such as fintech, cybersecurity, smart home, and applied artificial intelligence. Avanta Ventures invests $1 million-$10 million in early-stage companies at the Seed, Series A and Series B stages, with the ability to lead deals, while also reserving significant capital for follow-on investment to continue to support its portfolio.

Avanta Ventures’ investment team brings 50-plus years of combined venture capital and entrepreneurial operating experience. Parikh, as well as Avanta Ventures Partner Steve Bernardez, have been repeatedly included on the annual Global Corporate Venturing Powerlist of the top 100 corporate venture groups worldwide. Additionally, Avanta Ventures team members David Li and Pooja Shah have been named two of this year’s Global Corporate Venturing Top 50 Rising Stars, selected from almost 20,000 industry professionals.

Avanta Ventures’ Fund I was a $75 million fund in 2017 focusing on early-stage companies in the Seed and Series A stages. 

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