Northwestern Mutual Announces $150M VC Commitment

Northwestern Mutual has announced it has designated $150m to form Northwestern Mutual Future Ventures Fund II, an extension of the company’s corporate venture capital fund that launched in 2017. Northwestern Mutual Future Ventures Fund II will continue to advance the company’s investment strategy and provide a greater opportunity to engage startups whose technologies have the potential to further transform how people experience and achieve financial security.

“We’re committed to transforming the client experience to drive change within the financial services industry. This additional capital will allow us to build on the success of Northwestern Mutual Future Ventures and invest in new technologies that have the ability to accelerate growth and advance innovation so we can create what’s next for our clients, financial representatives and employees.” – EVP and CIO, Souheil Badran.

Investment criteria and focus for Fund II remains consistent with Northwestern Mutual Future Ventures Fund I. Investments, which will range from $500,000 to $5 million, will typically begin in Series A or B funding rounds. Partnerships will focus on four key strategic investing areas:

  • Building for consumers’ changing financial preferences
  • Reimagining the client experience
  • The digital health revolution
  • Transformational analytics and technologies

Since launching in 2017, Northwestern Mutual Future Ventures has completed investments in 14 startups and deployed $43 million in capital. Fund II will further accelerate Northwestern Mutual’s venture investing and create deeper engagement with startups to align with the company’s strategy and goals, as well as increase focus on technological disruption.