MassMutual Launches $50M Southeast Asia Investment Fund


Widening its investment reach, MassMutual Ventures (MMV) announced today the establishment of a $50-million fund – MassMutual Ventures Southeast Asia (MMV SEA) – which will make investments in 10 to 15 startup companies throughout the region over the next three years.

MMV SEA, based in Singapore, is targeting Series A and Series B round investments in digital health, fintech, insurtech and enterprise software. MMV SEA’s funding is being provided through the general investment account of parent company Massachusetts Mutual Life Insurance Company (MassMutual).

The new funding brings the four-year-old MMV’s total capital under management to $250 million. The return-focused fund invests in dynamic and innovative seed to growth stage companies in North America, Europe, Israel and, with this most recent fund, Southeast Asia.

MMV SEA will also work with MassMutual International – MassMutual’s international insurance holding company – leveraging its relationships in the region, to identify potential investments and opportunities for MMV’s portfolio companies.

“This new fund underscores our commitment to building a true global MassMutual Ventures platform, which will identify successful start-up companies that align with MassMutual’s prudent investment strategy, providing the best returns for our company,” said Doug Russell, MMV Managing Director, who will oversee MMV SEA’s operations.

For his part, MassMutual International chairman, president, and CEO Eddie Ahmed said the establishment of MassMutual Ventures Southeast Asia reinforces MassMutual’s steadfastness to the region – expanding its footprint into Singapore and many other key areas throughout Southeast Asia.

“Through its dedicated capital and a team with distinct knowledge of the investment climate here, we are looking forward to many exciting and innovative opportunities,” he added.

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MMV SEA is led by two Managing Directors – Ryan Collins and Anvesh Ramineni – both of whom are experienced investment professionals in the region, and who will be charged with sourcing and executing investment opportunities. They both report to Russell.

“With its rapidly growing digital economy and ongoing development of the startup ecosystem, the investment climate in Southeast Asia offers tremendous opportunities, said Collins. –