Top 50 Rising Stars 2021 continued (in alphabetical order by CVC unit): Aaron Hoffman, senior analyst, Intact Ventures
Aaron Hoffman is a senior analyst at Intact Ventures, the corporate venture capital arm of Canada-based insurance provider Intact Financial.
Hoffman joined the Intact Ventures team in November 2019 and sourced three transactions in his first year. He is managing all of the unit’s deal sourcing and research for startups that are developing mobility and supply chain technology and products.
Justin Smith-Lorenzetti, investment director, said of Hoffman: “Since joining our team in 2019, Aaron hit the ground running, having sourced and closed three deals for us in his first 12 months at the firm.
“At any given moment, he is usually working on a handful of new transactions while also owning our portfolio monitoring function. He was also promoted just 10 months into joining, something that usually takes closer to two years.”
Intact Ventures concentrates on companies that are innovating the property and casualty insurance, mobility, distribution, data and artificial intelligence sectors through disruptive technology and business models.
The unit’s portfolio companies include online auto insurance provider Metromile, weather forecasting and intelligence service ClimaCell, car-sharing service Turo, online insurance platforms Acko Technology and Minuto Seguros, as well as virtual claims software vendor Snapsheet.
Microlocation technology developer Humatics, autonomous vehicle developer Voyage Auto, autonomous vision technology developer Algolux, autonomous driving technology developer Renovo Auto are among its portfolio, as are 3D-printed antenna and radar sensor technology developer LuneWave, banking digitisation technology developer Flinks and AirMap, developer of an airspace management system for drones.
Intact Ventures exited home protection technology developer Alert Labs and enterprise workflow automation software Hangar, which were respectively sold to Watsco and AirMap in October 2018 and in September 2019 for undisclosed amounts.
In addition, the unit made limited partner commitments to venture capital firm Portag3 Ventures, family office Fontinalis Partners and investment firm MSA (Magic Stone Alternative) Capital on behalf of its corporate parent.