Northwestern Mutual has committed $150m to the second fund of Northwestern Mutual Future Ventures, an extension of its corporate venture capital fund that launched in 2017.
Northwestern Mutual Future Ventures Fund II will continue to advance the company’s investment strategy and engage startups whose technologies have the potential to further transform how people experience and achieve financial security.
Investment criteria and focus for Fund II remains consistent with Fund I.
Investments, which will range from $500k to $5m, will typically begin in Series A or B funding rounds.
Partnerships will focus on four key strategic investing areas:
– Building for consumers’ changing financial preferences
– Reimagining the client experience
– The digital health revolution
– Transformational analytics and technologies
Since launching in 2017, the arm has completed investments in 14 startups and deployed $43m in capital.
FinSMEs
30/05/2019