The venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), MASSMUTUAL Ventures (MMV), is set to establish a $50 million dollar fund for investments in South-east Asia. MASSMUTAL Ventures is targeting 10 to 15 Series A and Series B round investments in digital health, fintech, insurtech and enterprise software for the next three years.
MassMutual will work with its parent company to identify potential investments and opportunities for investment. Ryan Collins and Anvesh Ramineni, Managing Directors, will lead the fund.
Founded in 1851, Massachusetts Mutual Life Insurance Company was acquired by Fortis Lux Financial, Inc. as of September 2018. Headquartered in the US, MassMutual operates as a mutual life insurance company in the United States offering life, disability income, and long term care insurance; critical illness insurance; annuities; mutual funds, exchange-traded funds, unit investment trusts, 529 plans, and individual retirement accounts; guaranteed interest contracts; and wealth management, financial planning, and financial security services for individuals, families, businesses, and organizations.