MassMutual Ventures, a corporate venture capital firm investing in seed to growth stage companies, has launched a second fund of $100m for Southeast Asia.
This new fund brings its total capital under management to USD $350m across four funds – two USD $100m funds in the U.S. and USD $150m in Southeast Asia across two funds.
One year after establishing MassMutual Ventures Southeast Asia (MMV SEA), the Singapore-based team will continue to focus on investing in early- and growth-stage companies in the digital health, financial technology and enterprise software sectors. In addition to investing in companies in the Southeast Asia region, MMV SEA will widen its investment reach by seeking opportunities in Hong Kong, India, Australia, and New Zealand.
MMV SEA also works with other MassMutual entities in the region – leveraging relationships to help portfolio companies identify potential opportunities for expansion and strategic partnerships.
It is led by Managing Directors Ryan Collins, formerly an Executive Director at Goldman Sachs, and Anvesh Ramineni, previously Head of Investments at OpenSpace Ventures. The team also includes new associate Carlos Jo Loo.
Since launching in 2014, MMV has backed nearly 40 companies in North America, Europe, Israel, and Southeast Asia. Seven of those companies are part of MMV SEA’s current portfolio.
FinSMEs
21/01/2020