Northwestern Mutual has formed Northwestern Mutual Future Ventures which will invest in fintech firms; according to the press release, the commitment will focus on innovation to build greater digital relevance for clients, increase data-driven decision making and create back-end efficiencies with the goal of creating value for its more than four million clients; investments will range from $500,000 to $3 million; the company has already seen benefits from the acquisition of LearnVest in 2015 and is looking to invest more in similar companies. Source
Northwestern Mutual is creating a second venture fund which will invest between $500,000 and $5 million in Series A/B rounds...