LM
Liberty Mutual
Liberty Mutual is a Series B to Series E stage investment firm. It has made 10 investments. 33% of their portfolio is in Climate & Energy. Their most common stage is series-b (42% of deals). Average disclosed round size is $105.5M (across 10 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
RM
Russ MacTough
Managing Partner
MT
Mike Travalini
Managing Director, Private Equity
NO
Nikolaj Ohrt
Managing Director
JC
Josh Cohen
Partner, Liberty Mutual Strategic Ventures
VB
Vlad Barbalat
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Moment Energy | Series B | $40M | Jan 2026 |
 Fervo Energy | Bridge | $462M | Jan 2025 |
 Hyro | Series B | — | Dec 2024 |
| Fervo Energy | Series C | — | Feb 2024 |
| DDevon Energy | Series C | $244M | Jan 2024 |
| Fervo Energy | Series E | $138M | Jan 2022 |
 Karamba Security | Series B | $10M | Dec 2021 |
 LeaseLock | Series B | $52M | Feb 2021 |
 Snapsheet | Series C | $20M | Oct 2016 |
 ClearCube | Unknown | $20M | Jan 2003 |
 Snapsheet | Unknown | $29M | — |
 Moment Energy | Series B | $40M | — |
Top Co-Investors
DCVC4 shared
Impact Science Ventures4 shared
Marunouchi Innovation Partners4 shared
Mitsubishi Heavy Industries4 shared
Congruent Ventures4 shared
Mitsui & Co3 shared
Sabanci Climate Ventures3 shared
B Capital3 shared
Capricorn Investment Group3 shared
Breakthrough Energy Ventures3 shared
Paladin Capital Group2 shared
Galvanize Climate Solutions2 shared
Elemental Impact2 shared
500 Global2 shared
Liberty Energy Capital2 shared
Macquarie Capital2 shared
Voyager Ventures2 shared
Evok Innovations2 shared
Last updated: 7 October 2026