XL Grows Insurtech Portfolio with Notion Investment

Notion, a company that makes home-monitoring sensors, has announced $3.2 million in funding, including investments from the venture capital arms of XL Group and Liberty Mutual. Notion’s multi-function sensor recognizes doors or windows opening, water leaks, temperature changes, or smoke alarms. The company says it is looking to lower the barrier to entry for home monitoring systems that help policyholders and insurers reduce risk and loss.