MS&AD Holdings has put up an additional $80m for its corporate venture capital vehicle, two years after tripling its original commitment.
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…
