MS&AD Ventures, the US-based corporate venturing arm of Japan-headquartered insurance group MS&AD Holdings, has added $80m to its fund, lifting its assets under management to about $200m.
Formed in 2018, MS&AD Ventures invests in early-stage developers of innovative technologies and business models globally, focusing on areas including insurance, healthcare, mobility, cybersecurity and climate change.
MS&AD Ventures also helps its portfolio companies forge partnerships with MS&AD Holdings’ subsidiaries in a bid to bring open innovation into the group.
The parent firm had already tripled the size of the fund to roughly $128m in mid-2019, and MS&AD Ventures has invested in 44 companies including injury insurance provider Spot Insurance, human resources management platform Multiplier and FutureProof, which is developing financial analytics software that helps insurers and asset managers identify climate risk in their operations.
Jon Soberg and Tak Sato, managing partners of MS&AD Ventures, featured in Global Corporate Venturing’s Powerlist rosters in 2020 and 2021 while Tiffine Wang, a partner for the fund, was named a GCV Emerging Leader this year.
