The Japan-based insurer will partner TransLink Capital for sub-$5m investments and participate in larger deals itself, branching into areas like blockchain, IoT and healthtech.
Japan-headquartered insurance firm Sompo has launched a Israel-based innovation hub that will invest in local startups, Reuters has reported.
The unit will target investments in insurance technology developers as well as those working on mobility, digital health, blockchain, the internet-of-things (IoT), cybersecurity and home, remote and elderly medical care.
Sompo will partner venture capital firm TransLink Capital for deals between $1m and $5m while committing the full amount for investments above that itself. It intends to back one to three…
