MassMutual Ventures Closes Second Fund, at $100M

Venture capital investor MassMutual Ventures (MMV) closed its second $100m fund provided by parent company Massachusetts Mutual Life Insurance Company.

The firm will continue to invest in early- and growth-stage companies in the insurance, benefits, financial services, enterprise software and cyber security sectors.

Launched by MassMutual in 2014 and Led by Managing Director Doug Russell, MMV acts as a lead investor or syndicate partner in the U.S, co-invests alongside top-tier, local lead investors outside of the U.S.. MMV has a current portfolio consisting of 20 investments representing nearly $80m in invested and reserved capital.
The new funding, which doubles MMV’s total capital under management to $200m, provides the firm with the ability to back an additional 20 to 25 companies in North America, Europe and Israel.

The firm has also hired a new associate in Boston, Marybeth Egan, who will work with the team to both source and conduct due-diligence on potential investment opportunities and manage the existing portfolio.
Egan was previously an associate at KKR & Co. L.P., and began her career as an investment analyst with Prudential Capital Group.



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