MassMutual Ventures (MMV), the corporate venture capital arm of insurance firm Massachusetts Mutual Life, launched a $100m fund today that will invest in North America and Israel.
Founded in 2014 with an initial $100m from its parent, MMV has since invested in more than 60 companies across the enterprise software, digital health, cybersecurity and financial technology sectors.
The launch of the latest fund brings the capital managed by the US-Israel team to $400m. A separate team, focused on Europe and the Asia-Pacific region, manages a $300m vehicle launched just two months ago.
Doug Russell, head of MassMutual Ventures, said: “MMV’s overall investment capital has more than doubled in size in just two years between our US team and the team that invests across the Asia-Pacific region and Europe, underscoring our commitment to build a truly global platform.
“This latest fund allows our US team to build on the success and momentum the MMV fund family has realised in backing founders and companies that are fundamentally transforming the industries within our investment focus.”
Russell oversees a US and Israel team that includes fellow managing directors Eric Emmons and Mark Goodman as well as principal Mark Svirk. Its exits have included cybersecurity software providers RiskIQ – bought for over $500m by Microsoft – and Recorded Future, which was acquired by Insight Partners for $780m.
Photo courtesy of Massachusetts Mutual Life Insurance Company.
