KUALA LUMPUR, April 29 (Bernama) -- MassMutual Ventures (MMV) has announced its Asia-Pacific (APAC) and Europe team launched a new fund of US$300 million to invest in early and growth-stage companies in digital health, financial technology, enterprise SaaS, and cybersecurity. (US$1 = RM4.355)
With this launch, the team has widened its investment reach to include Europe and will continue to invest in companies in the APAC region.
“This fund reinforces MMV’s commitment to the Asia-Pacific region and to building a global platform as we look to capitalise on attractive opportunities in Europe,” said Doug Russell, Managing Director and Head of MassMutual Ventures in a statement.
“MMV’s overall investment capital has more than doubled in size in just two years, underscoring the significant opportunity we see in backing strong founders building great businesses. We look forward to continuing to back category-defining companies across the globe with this additional capital.”
“With this additional capital, we look forward to backing even more exceptional founders and supporting them as they scale over time,” said Anvesh Ramineni, Managing Director, MassMutual Ventures.
Meanwhile, Ryan Collins, Managing Director, MassMutual Ventures added, “Through our team’s presence in the U.S., Europe and Asia, we offer portfolio companies insights into global markets, and access to significant networks, expertise, and later stage, growth capital – allowing us to support them over the long-term.”
Since its inception in 2014, MMV has backed over 60 startups across the U.S., Canada, Germany, India, Singapore, Indonesia, Hong Kong and Australia. MMV plans to hire additional team members in both Asia and Europe.
For more information, visit www.massmutualventures.com.
-- BERNAMA
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