MMV announces new fund focused on North America and Israel

MassMutual Ventures (MMV) announced that its U.S.- based team has launched a new fund to continue investing in early and growth-stage companies in the financial technology, cybersecurity, enterprise SaaS, and digital health sectors. With this latest fund, the Boston-based team will manage a total of $400 million targeting companies in North America and Israel.

To date, MMV’s Boston-based team has backed more than 40 companies, with successful exits including Recorded Future , which was acquired by Insight Partners , and RiskIQ , which was acquired by Microsoft . The current portfolio includes companies, such as LinkSquares, Insurify, Affinity, Ledger Investing, and Prove Identity.

Other exits can be spotted here.

“Over the past eight years, we’ve steadily expanded MassMutual Ventures’ team and reach while executing against our proven investment strategy. MMV’s established sourcing and partnership platform provides us with a scalable way to back an increasing number of exceptional companies during this current economic climate.” – MMV Managing Directors Eric Emmons.

Bottom Line: One out of many insurer-backed VCs.