MassMutual Ventures announces third Boston-based $100M fund

MassMutual Ventures announced that it has launched a third $100 million venture capital fund to continue its strategy of investing in early- and growth-stage companies in the financial technology, cybersecurity, enterprise software, and digital health sectors.

With this new fund, the Boston-based team will manage a total of $300 million on behalf of the fund’s parent 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. 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.

“Direct investment strategies like MMV have demonstrated that MassMutual can profitably invest in innovative businesses that are creating meaningful change in the markets in which MassMutual and its subsidiaries operate. Since 2014, MMV has backed nearly 40 startup companies around the world. This additional capital for our U.S.-based fund represents a real opportunity to expand upon the success that the MMV fund family has realized over the past six years.” – Doug Russell, Managing Director and Head of MassMutual Ventures.

“MMV’s investment sectors continue to be resilient despite the COVID-19 pandemic and the resulting economic uncertainty. Fintech, cybersecurity, enterprise software, and digital health, are all fundamentally relevant to the changing face of work and commerce and to the corresponding digital transformation efforts of large enterprises. This new MMV fund reinforces the ongoing commitment of our fund and of our parent company, MassMutual, to remain at the forefront of these rapidly-changing markets.” – Principal Chuck Svirk.