Aflac Ventures Fund, launched in early 2017 with a $100m investment target, has been broadened by its insurer parent to $250m.
US-based insurance provider Alfac increased the size of its corporate venturing vehicle, Aflac Ventures Fund, from $100m to $250m yesterday.
The firm also extended the investment timeframe of the unit from three years to three to four in the process.
The fund was formed in March 2017 as a subsidiary of a larger unit called Aflac Corporate Ventures and has so far made eight investments across the US and Japan, it said, paying between $1m and $6m for equity…
