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MS&AD Ventures

North America, California, United States, Menlo Park

Description

MS&AD Ventures is the corporate venture capital arm of MS&AD Insurance Group Holdings, one of the world's largest insurance groups. Based in Menlo Park, California, the fund strategically invests in early-stage technology companies that align with the parent company's long-term vision and innovation goals. Their primary focus areas include Insurtech, Fintech, Mobility, Health, Artificial Intelligence, Big Data, SaaS, and Cybersecurity, reflecting a broad interest in technologies that can transform the insurance industry and adjacent sectors.

The fund targets startups from Seed to Series B stages, providing not only capital but also strategic value through access to MS&AD's extensive global network, industry expertise, and potential partnership opportunities. This approach allows portfolio companies to leverage the resources of a major global enterprise for market validation, product development, and scaling. MS&AD Ventures seeks to identify and support disruptive technologies that can enhance customer experience, optimize operations, and create new business models within the insurance ecosystem.

Demonstrating a robust commitment to innovation, MS&AD Ventures closed its second fund, MS&AD Ventures Fund II, with $100 million in 2021, underscoring its continued dedication to early-stage investments. Since its inception, the firm has been an active investor, having made over 100 investments in promising startups across various geographies. Their investment strategy emphasizes long-term partnerships, aiming to foster growth and collaboration with companies that can bring significant value to the future of insurance and beyond.

Investor Profile

MS&AD Ventures has backed more than 112 startups, with 5 new investments in the last 12 months alone. The firm has led 26 rounds, about 23% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, United Kingdom.
  • Strong thematic focus on Software, FinTech, Financial Services.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series A (32%)
  • Seed (30%)
  • Series B (13%)
  • Series Unknown (8%)
  • Series C (4%)
  • Convertible Note (4%)
  • Pre Seed (3%)
  • Private Equity (2%)
  • Series D (1%)
  • Series E (1%)

Country Focus

  • United States (62%)
  • Singapore (11%)
  • United Kingdom (9%)
  • Germany (7%)
  • Israel (4%)
  • Mexico (2%)
  • United Arab Emirates (2%)
  • Bermuda (1%)
  • Liechtenstein (1%)
  • Portugal (1%)

Industry Focus

  • Software
  • Fintech
  • Financial Services
  • Insurance
  • Insurtech
  • Artificial Intelligence (Ai)
  • Information Technology
  • Machine Learning
  • Finance
  • Cyber Security
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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 MS&AD Ventures frequently co-invest with?

Munich Re Ventures
North America, New Jersey, United States, Princeton
Co-Investments: 3
Portage Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 3
8VC
North America, California, United States, San Francisco
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 5
Bee Partners
North America, California, United States, San Francisco
Co-Investments: 5
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 5
Mouro Capital
Europe, England, United Kingdom, London
Co-Investments: 3
IA Capital Group
North America, New York, United States, New York
Co-Investments: 4
FinTLV Ventures
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 6
J-Ventures
North America, California, United States, Palo Alto
Co-Investments: 4

Which angels does MS&AD Ventures often collaborate with?

AF
North America, California, United States, Oakland
Shared Deals: 1
GR
North America, California, United States, San Francisco
Shared Deals: 2
Amrish Rau
Asia, Singapore
Shared Deals: 2
Deepinder Goyal
Asia, Delhi, India, New Delhi
Shared Deals: 2
WS
Europe, England, United Kingdom, London
Shared Deals: 2
DF
North America, California, United States, Penngrove
Shared Deals: 1
Dan Romero
North America, California, United States, Los Angeles
Shared Deals: 1
CM
North America, New York, United States, New York
Shared Deals: 1
AS
North America, California, United States, San Francisco
Shared Deals: 1
HH
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by MS&AD Ventures?

Credibur

Berlin, Berlin, Germany

Credibur is a fintech startup that offers software and services for managing the full credit lifecycle.

Developer APIsFinTech
Pre SeedJul 23, 2025
Amount Raised: $2,200,000
Laka

London, England, United Kingdom

Laka is a peer-to-peer bicycle insurance platform that covers bicycles and equipment.

InsuranceInsurTechSporting Goods
Series BJul 15, 2025
Amount Raised: $10,349,379
CrediLinq.Ai

Singapore, Central Region, Singapore

CrediLinq.Ai is a fintech company that offers credit underwriting sercvices for businesses using embedded finance.

Artificial Intelligence (AI)Financial ServicesFinTechInformation TechnologyMachine LearningSoftware
Series AMay 16, 2025
Amount Raised: $8,500,000
Flex

Miami, Florida, United States

Flex is a financial technology company that offers an end-to-end finance platform that integrates business and personal finance management.

BankingCredit CardsFinTechInsurancePayments
Series AMar 5, 2025
Amount Raised: $25,000,000
Energetic Capital

Boston, Massachusetts, United States

Unlocking financing for clean energy solutions by underwriting credit risk for unrated or below investment grade organizations.

Big DataClean EnergyCleanTechCreditEnergy EfficiencyFinTechInsuranceRenewable EnergyRisk ManagementSoftware
Series UnknownOct 23, 2024
INSHUR

New York, New York, United States

INSHUR is a digital insurance platform that provides auto insurance to drivers and fleet owners.

Auto InsuranceBig DataCommercial InsuranceInsurance
Series UnknownOct 16, 2024
Amount Raised: $19,000,000
Bounti.ai

San Jose, California, United States

Bounti.ai is a fully Autonomous Agents for GTM.

Customer ServiceMarketing AutomationSaaSSales AutomationSales EnablementSoftware
SeedSep 12, 2024
Amount Raised: $16,000,000
Sidekick

London, England, United Kingdom

Sidekick offers expertly-managed portfolios for the modern investor.

FinanceFinancial ServicesPersonal Finance
SeedJun 13, 2024
Amount Raised: $5,746,349
Agio Ratings

London, England, United Kingdom

Agio Ratings Ltd aids in protecting capital and underwriting credit for digital asset trading and investment firms.

Asset ManagementRisk ManagementSoftware
SeedMar 5, 2024
Amount Raised: $4,600,000
Armilla AI

Toronto, Ontario, Canada

Armilla AI is a governance platform that enables algorithmic accountability to drive ethical decisions with transparency.

Artificial Intelligence (AI)Software
SeedFeb 15, 2024
Amount Raised: $4,455,616