IAG Firemark Ventures has already made its first investment from its second fund.
Australia-listed insurance provider IAG has committed $75m for its second corporate venture capital fund.
IAG Firemark Ventures has already made its first investment from its second fund, backing US-based Plnar, which uses computer imagery to created three-dimension renderings of home interiors.
The insurer set up IAG Firemark Ventures in 2014 before rolling out a $75m debut fund in 2016 under Ron Arnold, who left in 2020 and replaced as head by Scott Bishop last year following Danielle Handley’s promotion.
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