To date, the the fund has made eight investments in mainly early-stage companies both in Japan and the U.S., with individual investment size ranging from $1m to $6m and ownership stakes from 3% to 14%.
In addition to equity investments, in most cases Aflac U.S. and Aflac Japan maintain commercial relationships with target companies in support of mutual growth initiatives.
Aflac Ventures Fund is a subsidiary of Aflac Corporate Ventures. In addition to funding activities, Aflac Corporate Ventures is the holding company for Empowered Benefits, acquired by Aflac in 2015 and rebranded as Empowered.
Empowered is a technology company located in Charlotte, N.C., that provides cloud-based benefits administration and exchange platform solutions to insurance carriers, brokerages and employers. It specializes in the benefits administration space and powers Aflac’s Everwell enrollment platform in the U.S.
The company recently expanded its technology center to include digital innovation and the development of growth opportunities in the digital distribution space.
Aflac Ventures maintains offices in Charlotte, N.C.; Sunnyvale, Calif.; and Tokyo, Japan.
FinSMEs
17/09/2018