Clal Insurance, Ayalon Insurance, MS&AD, FWD, Reale Mutua and LB Group were among the limited partners for the venture capital firm's sophomore fund.
Israel-based venture capital firm FinTLV has closed its second fund at $120m, with commitments from insurance companies including Clal Insurance, Ayalon Insurance, MS&AD, FWD, Reale Mutua and LB Group.
Accounting firm BDO Israel and investment firms Psagot and Poalim Capital Markets also committed capital to the fund, alongside undisclosed institutional and private investors.
Founded in 2016, FinTLV is focused on investing in growth-stage insurance and financial technology developers. It is active globally and said it invested about $200m over the…