Boston-based MassMutual Ventures (MMV) has launched a third $100m venture capital fund.
The firm will use the fund to continue to focus on investing in early- and growth-stage companies in the financial technology, cybersecurity, enterprise software, and digital health sectors.
With this new fund, the team will manage a total of $300 million on behalf of the fund’s parent company, Massachusetts Mutual Life Insurance Company (MassMutual) and have the ability to back an additional 15 to 20 companies in North America, Europe and Israel. It also brings MMV’s total capital under management to $450 million across the globe.
MMV Managing Directors Eric Emmons and Mark Goodman have led the Boston-based team’s investment efforts since MMV’s inception and Principal Chuck Svirk joined the team shortly thereafter. They will continue to manage the $300 million fund family.
MassMutual Ventures SEA, MMV’s Singapore-based team, invests across Southeast Asia and manages $150 million on behalf of MassMutual, with its most recent fund launch announced earlier this year.