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MassMutual

North America, Massachusetts, United States, Springfield

Description

MassMutual, a prominent mutual life insurance company, extends its reach into the venture capital landscape primarily through its dedicated arm, MassMutual Ventures (MMV). Established to strategically invest in early to growth-stage technology companies, MMV plays a crucial role in MassMutual's broader innovation strategy, seeking to align with emerging trends in financial services and related tech sectors. MMV operates with a global perspective, maintaining offices in key innovation hubs such as Boston, London, and Singapore, which underscores its commitment to sourcing and supporting promising startups worldwide.

MMV's investment strategy is focused on leading or co-leading Series A and Series B funding rounds, targeting companies that demonstrate strong potential for disruption and growth. Their sector focus is broad yet strategic, encompassing areas critical to the future of technology and business, including fintech, cybersecurity, enterprise SaaS, digital health, and climate tech. This diversified approach allows MMV to build a robust portfolio that reflects the evolving technological landscape and creates synergies with MassMutual's core business interests.

As of 2022, MassMutual Ventures manages over $600 million in capital across multiple funds, a testament to its significant commitment to the venture ecosystem. This includes the launch of its $300 million MMV III fund in July 2022, which further bolsters its capacity for new investments. MMV typically makes initial investments ranging from $5 million to $20 million, providing substantial capital to help its portfolio companies scale. With a portfolio of over 100 companies, MMV has established itself as an active and influential investor in the global venture capital market.

Investor Profile

MassMutual has backed more than 34 startups, with 1 new investments in the last 12 months alone. The firm has led 17 rounds, about 50% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Private Equity rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom.
  • Strong thematic focus on Financial Services, FinTech, Software.
  • Typical check size: $5M – $20M.

Stage Focus

  • Seed (26%)
  • Series A (15%)
  • Private Equity (12%)
  • Corporate Round (12%)
  • Series C (6%)
  • Series B (6%)
  • Debt Financing (6%)
  • Grant (6%)
  • Post Ipo Debt (3%)
  • Series D (3%)

Country Focus

  • United States (91%)
  • United Kingdom (9%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Health Care
  • Blockchain
  • Cryptocurrency
  • Bitcoin
  • Wealth Management
  • Insurtech
  • Medical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does MassMutual frequently co-invest with?

37 Angels
North America, New York, United States, New York
Co-Investments: 2
Morgan Stanley
North America, New York, United States, New York
Co-Investments: 4
New York Life Insurance
North America, New York, United States, New York
Co-Investments: 3
FinTech Collective
North America, New York, United States, New York
Co-Investments: 2
Fiserv
North America, Wisconsin, United States, Brookfield
Co-Investments: 2
Newark Venture Partners
North America, New Jersey, United States, Newark
Co-Investments: 2
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 2
MassVentures
North America, Massachusetts, United States, Boston
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
MI
North America, Massachusetts, United States, Springfield
Co-Investments: 10

Which angels does MassMutual often collaborate with?

Anthony Anderson
Oceania, New South Wales, Australia, Sydney
Shared Deals: 1
Shared Deals: 1
LG
North America, California, United States
Shared Deals: 1
CA
North America, New York, United States, New York
Shared Deals: 1
DS
North America, New York, United States, Saint James
Shared Deals: 1
AD
North America, Michigan, United States, Detroit
Shared Deals: 1
KD
North America, California, United States, Oakland
Shared Deals: 1
RD
North America, Massachusetts, United States, Boston
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by MassMutual?

Bitwise

San Francisco, California, United States

Bitwise is a crypto-specialist asset manager for individuals, investment managers, and institutions navigating cryptocurrency.

BlockchainCryptocurrencyFinancial ServicesSoftware
Series UnknownFeb 25, 2025
Amount Raised: $70,000,000
ATLAS SP Partners

Nyack, New York, United States

ATLAS SP Partners is a global investment firm that provides tailored solutions.

Corporate RoundApr 24, 2024
Empathy

New York, New York, United States

Empathy is a support system mobile application that guides and supports families along the journey of loss.

AppsHealth CareInformation TechnologySoftware
Series BMar 12, 2024
Amount Raised: $47,000,000
Genomics

Oxford, Oxfordshire, United Kingdom

Genomics plc aiming to lead the genomic transformation of healthcare.

BiopharmaBiotechnologyGeneticsHealth CareLife ScienceMedicalTherapeutics
Series CJan 8, 2024
Amount Raised: $44,596,554
Low Carbon

London, England, United Kingdom

Low Carbon develops, owns, and operates renewable energy projects to fight climate change, aiming for a net-zero future.

Asset ManagementEnergyRenewable EnergySolar
Debt FinancingJul 23, 2023
Amount Raised: $514,044,994
Dock Health

Great Barrington, Massachusetts, United States

Dock Health is a healthcare administrative hub that offers task management and administrative workflow automation.

Health CareMedicalSoftwareTask Management
SeedMay 25, 2023
Amount Raised: $5,000,000
Onc.AI

San Carlos, California, United States

Onc.AI is a software that specializes in clinical oncology, genomics, proteomics, and radiomics.

BiotechnologyHealth DiagnosticsMedicalOncologySoftware
Series AJan 5, 2023
Amount Raised: $25,000,000
Surround Insurance

Cambridge, Massachusetts, United States

Surround Insurance is an insurance company that provides auto insurance and claims services.

Financial ServicesFinTechInsurTechProperty Insurance
SeedNov 21, 2022
Amount Raised: $2,500,000
Special Olympics Texas

Austin, Texas, United States

Special Olympics Texas provides sports programs and training for children and adults with intellectual disabilities.

FitnessNon ProfitSportsTraining
GrantAug 31, 2022
Amount Raised: $10,000
CareAcademy

Cambridge, Massachusetts, United States

CareAcademy offers an online training empowering senior care professionals to deliver the highest caliber of services.

EducationHealth CareHome Health CareSaaSTraining
Series BJun 8, 2022
Amount Raised: $20,000,000