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Headquartered in Silicon Valley, the Tokio Marine Future Fund is the first corporate venture to develop thematic venture capital across sectors such as InsurTech, FinTech, Mobility, Healthcare, Cybersecurity, AI / ML, Climate Risk and Sustainability. Become a capital (CVC) fund
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The fund invests in seed and series A stage companies in North America, Europe, Latin America, Africa and Asia. The fund aims to drive strategic value, develop corporate network resources and enhance early portfolio investment.
Palo Alto, California, April 20, 2022-(BUSINESS WIRE)-Tokio Marine Holdings, a multinational insurance holding company with global premiums of $ 45 billion on all major lines of non-life insurance, life insurance and health insurance, today Announced the launch of the Tokio Marine Future Fund. , A corporate venture capital fund headquartered in Silicon Valley. Tokio Marine has committed $ 42 million to the first fund and plans to invest more capital in the subsequent fund cycle.
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Steve Pretre, Partner, World Innovation Lab (Photo: Business Wire)
The Tokio Marine Future Fund focuses on initial investment in the seed stage through Series A companies in a wide range of markets including InsurTech, FinTech, Mobility, Healthcare, Cybersecurity, AI / Automation and Climate Risk. From $ 500,000 to $ 3 million. New venture investments extend Tokio Marine’s commitment to supporting startup innovation.
Tokio Marine already operates innovation labs in Silicon Valley, New York, London, Singapore, Sao Paulo, Taipei and Tokyo with the aim of facilitating the adoption of new technologies by operating companies around the world.
The Tokio Marine Future Fund is partnering with Silicon Valley and Japan-based venture company World Innovation Lab (WiL) to drive a focused and efficient investment process. Tokio Marine is the leading LP of WiL’s growth fund, focusing on Series B and later startups across a wide range of sectors.
“Global investment opportunities for early-stage innovative start-ups in the United States and emerging markets are immeasurable,” said Yoshida Yoshida of the Tokio Marine Future Fund. “Tokio Marine has a global presence that can accelerate the growth of start-ups addressing new opportunities across insurance, fintech, and a variety of adjacent sectors. We empower a new generation of entrepreneurs. I’m excited to help give. “
The Tokio Marine Future Fund has made the following early-stage investments:
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Carefull is a financial care platform that provides smart financial account protection, credit, identity and invoice monitoring, as well as daily money consolidation.
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Nirvana rebuilds commercial insurance for fleet and transportation from scratch.
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Titaniam is a data protection platform that provides encryption in use and should not leave valuable data in the event of an attacker’s intrusion.
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TrustLayer is an insurance company that uses machine learning and AI to automate insurance verification.
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Voxel is a real-time risk identification platform with computer vision that enables existing security cameras to automatically identify dangerous and high-risk activities in real time to keep employees safe and operational. increase.
Strategic value driver based on Insurtech, Fintech, and subsequent vertical expertise
The Tokio Marine Future Fund team is focused on driving swift investment decisions. After the initial investment, the team is in a position to drive the strategic value of the portfolio company by promoting the adoption of portfolio products as a customer, capacity provider or within the customer base. Investment areas include InsurTech, FinTech, and related adjacencies such as mobility, healthcare, cyber risk, AI / ML, climate risk and sustainability.
World Innovation Lab strengthens investment strategy. The company will serve as a CVC fund manager led by Steve Pretre, who manages World Innovation Lab’s investments across the FinTech and InsurTech sectors. Pretre is part of an early executive team at Risk Management Solutions (RMS), one of the first incubate startups to support ventures, focusing on incubate space and operating in various startup sectors for decades. Bring experience. Steve also worked for Asurion before co-founding and serving as early CEO at Metromile. After that, he moved to venture investment.
The Tokio Marine Future Fund team includes more than 10 partners and members across the scope of investment strategy and business development.
About Tokio Marine Future Fund
The Tokio Marine Future Fund is a Silicon Valley-based Tokio Marine CVC division, a multinational insurance holding company, with a global $ 45 billion in all major lines of non-life insurance, non-life insurance, life insurance and health insurance. I am paying insurance premiums. Founded in October 2021, the fund focuses on initial investment in seed stages through Series A companies across a wide range of markets including InsurTech, FinTech, Mobility, Healthcare, Cybersecurity, AI / Automation and Climate Risk. Is placed. For more information on the Tokio Ocean Future Fund, please visit tmfuturefund.com.
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