Northwestern Mutual Investing More into Fintech and Insurance Innovation

Northwestern Mutual is creating a second venture fund which will invest between $500,000 and $5 million in Series A/B rounds focused on technology that is addressing changes in customer preferences; their first fund has invested in 14 startups with a total investment of $43 million; executive vice president and chief innovation officer wrote, “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.” Source