Northwestern Mutual Life announces second fund targeting financial services start-ups

Milwaukee-based Northwestern Mutual Life Insurance Company has announced the formation of a $150 million venture capital fund as an extension to its Future Ventures initiative.

The insurance company formed Future Ventures with a $50 million fund in 2017. It has thus far made 14 investments in start-ups totaling $40 million from that fund. Northwestern Mutual Future Ventures Fund II will target financial technology start-ups. Investments will continue to range between $500,000 and $5 million and be targeted to Series A and Series B rounds. Click here for more information.

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