MassMutual Ventures is unifying its regional teams as Ryan Collins and Anvesh Ramineni depart from their role running its Europe and Asia Pacific fund.
Managing partners Ryan Collins (left) and Anvesh Ramineni (right) are set to leave insurance firm MassMutual’s corporate venture capital practice in the second quarter of this year as it unifies its investment strategy.
Collins and Ramineni oversee MassMutual Ventures’ $300m Europe and Asia Pacific (APAC) fund from London and Singapore respectively, heading a 10-person team as part of a structure the unit set up in 2022.
The Europe and APAC team will now be combined with the North America and Israel team managed by MassMutual Ventures head Doug Russell, who will take a more direct hand in those regions, with help from team members including principals Alix Brunet and Carlos Jo-Loo.
“Importantly, MassMutual Ventures will continue to invest and support its portfolio companies across the US, Israel, Europe and APAC,” a MassMutual spokesperson told GCV.
Ramineni and Collins were initially in charge of the $50m Southeast Asian fund MassMutual Ventures launched in 2018, before their brief was expanded. They oversee a portfolio of more than 30 startups and their investments have included Indonesian insurance distribution platform Qoala and, last month, Spanish hydrogen separation startup H2Site.
However, general investment activity in both regions is down significantly from 2022, with funding rates worldwide slowing down after the 2021 boom. MassMutual Ventures’ key areas of healthcare, enterprise software and financial technology are among the sectors with the largest drops.
