Tokio Marine Holdings, a multinational insurance holding company, has launched the Tokio Marine Future Fund to support early stage startups across InsurTech, FinTech, mobility, healthcare, cybersecurity, AI/ML, climate risk and sustainability.
Tokio Marine has committed $42m to the initial fund with plans to deploy more capital into subsequent fund cycles.
Headquartered in Silicon Valley, Tokio Marine Future Fund will be an inaugural Corporate Venture Capital (CVC) and will invest in seed and Series A companies across North America, Europe, Latin America, Africa and Asia, with check sizes ranging from $500,000 to $3 million
The fund aims to drive strategic value and deploy corporate network resources to empower early-stage portfolio investments
Tokio Marine Future Fund has partnered with World Innovation Lab (WiL), a Silicon Valley and Japan-based venture firm, to drive a focused and efficient investment process. Tokio Marine is a key LP in WiL’s growth funds, which focus on Series B and later startups across a broad range of sectors.
Yoshi Yoshida at Tokio Marine Future Fund, said, “The global investment opportunity for early-stage innovative startups in the United States and emerging markets is immense. Tokio Marine’s global presence gives us the ability to help accelerate the growth of startups tackling new opportunities across insurance, FinTech and a range of adjacent sectors. We are excited to help empower a new generation of entrepreneurs.”
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