Generali commits €250 million to venture fund

Generali is committing €250 million to invest in new opportunities through Generali Ventures.

The venture will identify “the most promising investment opportunities,” with a particular focus on the insurtech and fintech sectors. Investment targets include startups, both pre-seed and late stage, with a geographic focus extending to VC funds in Europe and the US.

Launched in 2022, Generali Ventures has invested in three strategic initiatives: Mundi Ventures, specialized in insurtech technologies; Speedinvest, focused on start-ups in the early pre-seed and seed stages; and Dawn, focused on investing in B2B software solutions.

“As set out in our ‘Lifetime Partner 24: Driving Growth’ strategic plan, Generali is an innovative customer-oriented Group, focused on the best possible use of data and emerging technology. Thanks to this new venture capital initiative, we will make long-term investments in the global innovation ecosystem. Generali Ventures will also have a positive impact on the insurance sector, boosting the development of innovative projects, opening up new opportunities for collaboration and integrating initiatives that contribute to the overall transformation of the Group.” – Bruno Scaroni, group chief transformation officer .