Direct investment capital managed by Boston-based team increases to $400 million
MassMutual Ventures (MMV) announced that its U.S.- based team has launched a new fund to continue investing in early and growth-stage companies in the financial technology, cybersecurity, enterprise SaaS, and digital health sectors. With this latest fund, the Boston-based team will manage a total of $400 million targeting companies in North America and Israel.
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MMV Managing Directors Eric Emmons and Mark Goodman have led the Boston-based team’s investment efforts since MMV’s inception in 2014, and Principal Charles Svirk joined the team shortly thereafter.
“Over the past eight years, we’ve steadily expanded MassMutual Ventures’ team and reach while executing against our proven investment strategy,” noted Emmons. “MMV’s established sourcing and partnership platform provides us with a scalable way to back an increasing number of exceptional companies during this current economic climate.”
“MMV plays an active role in our portfolio companies’ ongoing development through board governance, strategic advice, recruiting, and customer introductions,” noted Goodman. “The new fund will be supported by the invaluable access to a leading financial services company with a deep expertise and network in fintech, cybersecurity, data science, and technology infrastructure.”
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To date, MMV’s Boston-based team has backed more than 40 companies, with successful exits including Recorded Future, which was acquired by Insight Partners, and RiskIQ, which was acquired by Microsoft. The current portfolio includes category-defining companies, such as LinkSquares, Insurify, Affinity, Ledger Investing, and Prove Identity. “MMV is an active, hands-on partner,” said Svirk. “Once we are on the cap table, the entire MMV team is working for our portfolio company.”
“MMV’s overall investment capital has more than doubled in size in just two years between our U.S. team and team that invests across the Asia-Pacific region and Europe, underscoring our commitment to build a truly global platform,” said Doug Russell, Managing Director and Head of MassMutual Ventures. “This latest fund allows our U.S. team to build on the success and momentum the MMV fund family has realized in backing founders and companies that are fundamentally transforming the industries within our investment focus.”
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