MS&AD Ventures, the Silicon Valley-based fund owned by MS&AD Insurance Group Holdings, has increased its fund size by $100 million, bringing the total amount of funds under management to $300 million.
Since its establishment in October 2018 as the first CVC of a Japanese insurance company, MS&AD Ventures has invested in various start-up companies that are leading the world in advanced technology and business models.
In a press release, the firm stated that it decided to expand its investment fund size based on the steady growth of portfolio companies and the growing need for additional investments.
Going forward, MS&AD Insurance Group Holdings noted that it will continue to make use of MS&AD Ventures’ effective investment activities to provide new value to stakeholders while working to solve social issues, with the aim of achieving sustainable growth and increasing corporate value.
Meanwhile, earlier this year, MS&AD entered into a strategic partnership with AI-driven pricing insurance company, Akur8.
