The insurance firm has launched a $50m unit called Northwestern Mutual Future Ventures that will invest in technologies that help people achieve financial security.
US-based life insurance provider Northwestern Mutual has formed a $50m corporate venturing subsidiary called Northwestern Mutual Future Ventures to invest in companies developing products that can help promote financial security.
Northwestern Mutual Future Ventures will provide between $500,000 and $3m in each deal, and has a brief to back digital technology that can help customers achieve financial security, particularly with regard to decision making and back-end efficiencies.
The unit will seek to prioritise four areas: the evolving preferences of consumers,…
