MassMutual Ventures (MMV) recently launched a new fund to further invest in the financial, technological, cybersecurity, enterprise SAAS and digital health growth of startup companies, a press release reported.
“MMV’s overall investment capital has more than doubled in size in just two years between our U.S. team and team that invests across the Asia-Pacific region and Europe, underscoring our commitment to build a truly global platform,” said Doug Russell, managing director and head of MassMutual Ventures, in the release. “This latest fund allows our U.S. team to build on the success and momentum the MMV fund family has realized in backing founders and companies that are fundamentally transforming the industries within our investment focus.”
The fund will allow the team to operate $400 million worth of targeting companies in both regions. The initiative has been led by MMV managing directors Eric Emmons and Mark Goodman since MMV’s establishment. The Boston-based team later expanded with the arrival of principal Charles Svirk.
“Over the past eight years, we’ve steadily expanded MassMutual Ventures’ team and reach while executing against our proven investment strategy,” Emmons said. “MMV’s established sourcing and partnership platform provides us with a scalable way to back an increasing number of exceptional companies during this current economic climate.”
The team has offered support to more than 40 companies. Some of the successful exits the company is credited with is Recorded Future, which was acquired by Insight Partners, and RiskIQ, acquired by Microsoft.
Its catalog features LinkSquares, Insurify, Affinity, Ledger Investing and Prove Identity.
“MMV is an active, hands-on partner,” Svirk said. “Once we are on the cap table, the entire MMV team is working for our portfolio company.”