MassMutual Ventures raises $300m for Asia, Europe
MassMutual Ventures (MMV), a global venture capital firm that counts US-based Massachusetts Mutual Life Insurance as its sole LP, has launched a USD 300m fund that will invest in Asia Pacific and Europe.
The manager previously deployed two funds solely in Asia Pacific – a USD 50m vehicle established in 2018 and a USD 100m vehicle two years later. Portfolio companies include Biofourmis, a Singapore-founded digital therapeutics business that recently raised a USD 300m Series C, Indian medical imaging start-up Qure, and Singapore online banking platform Aspire.
The strategy remains unchanged. MMV will target early and growth-stage companies in digital health, financial technology, software-as-a-service (SaaS), and cybersecurity, according to a statement.
“With this additional capital, we look forward to backing even more exceptional founders and supporting them as they scale over time,” said Anvesh Ramineni, a managing director at MMV.
“Over the past three and a half years, we have led investments in companies fundamentally transforming the digital health, fintech and SaaS sectors in APAC, where we continue to see tremendous opportunity. Moreover, we are very excited about expanding our team and reach to Europe’s thriving tech and start-up ecosystem – making MMV a truly global platform.”
Since its inception in 2014, MMV has backed more than 60 companies across the US, Canada, Germany, Israel, India, Singapore, Indonesia, Hong Kong, and Australia. It invests as part of MassMutual’s allocation to alternatives, rather than as a strategic or corporate development mandate. Portfolio companies receive access to the parent company network.
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