USAA

USAA Ventures operates as the strategic corporate venture capital arm of USAA, a prominent financial services and insurance company dedicated to serving military members and their families. Established to identify and invest in innovative technologies, USAA Ventures plays a crucial role in enhancing USAA's core offerings, improving member experiences, and fostering operational efficiencies. The firm primarily focuses on early to growth-stage companies, with a keen interest in sectors such as fintech, insurtech, cybersecurity, artificial intelligence, and other emerging technologies that align with USAA's mission and strategic objectives.

The investment strategy of USAA Ventures is deeply rooted in strategic alignment rather than purely financial returns, although both are considered. They seek out startups that can provide solutions to real-world challenges faced by USAA and its members, or those that offer disruptive potential within the financial services and insurance landscapes. Beyond capital, USAA Ventures provides portfolio companies with access to USAA's extensive industry expertise, vast member base, and potential for strategic partnerships, offering a unique value proposition for founders looking to scale within the financial sector.

USAA Ventures typically participates in Seed, Series A, and Series B funding rounds. While specific check sizes can vary depending on the stage and strategic importance of the investment, their typical first check size ranges from approximately $1,000,000 to $10,000,000. For instance, they have been noted for their participation in significant rounds, including a $10 million Series A for Truepic and a $15 million Series B for Hippo Insurance, demonstrating their capacity to contribute meaningfully to substantial funding rounds. As of early 2023, USAA Ventures has made over 30 investments, showcasing their active presence in the venture ecosystem. This active engagement underscores their commitment to fostering innovation that directly benefits the military community and strengthens USAA's position as a leader in financial services.