MassMutual's venture capital arm sets up US$50m fund in Singapore

Singapore

MASSMUTUAL Ventures (MMV), the venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), has established a US$50 million Singapore-based fund for investments in South-east Asia.

MMV SEA is targeting Series A and Series B round investments in digital health, fintech, insurtech and enterprise software. It will invest in 10 to 15 startups over the next three years.