Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
June 09, 2019 | Tom Ballard

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.

Like what you've read?

Forward to a friend!

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!