MassMutual Ventures announces new $300 million fund for Europe and Asia-Pacific
MassMutual Ventures announced that its Asia-Pacific and Europe team has launched a new fund of $300 million to invest in early and growth-stage companies in digital health, financial technology, enterprise SaaS, and cybersecurity. With this launch, the team has widened its investment reach to include Europe and will continue to invest in companies in the APAC region.
Since its inception in 2014, MMV has backed over 60 startups across the U.S., Canada, Germany, Israel, India, Singapore, Indonesia, Hong Kong and Australia.
“With this additional capital, we look forward to backing even more exceptional founders and supporting them as they scale over time. 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 startup ecosystem – making MMV a truly global platform.” – Anvesh Ramineni, managing director, MassMutual Ventures.
“Through our team’s presence in the U.S., Europe and Asia, we offer portfolio companies insights into global markets, and access to significant networks, expertise, and later stage, growth capital – allowing us to support them over the long-term. We are particularly excited about the opportunity set in digital health, decentralized finance (DeFi), and AI/ML applications – key sectors and technologies in which MMV invests.” – Ryan Collins, managing director, MassMutual Ventures.