Earlier this month, Northwestern Mutual announced it would invest $50 million in early stage companies over the next several years.
The Milwaukee-based life insurance and financial services firm says the new fund, Northwestern Mutual Future Ventures, will invest $500,000 to $3 million apiece in startups.
According to the fund’s website, so far it has invested in LearnVest, Betterment, Rize Advisors, and Nyca Partners, which is itself a VC fund with dozens of portfolio companies. About a year after Northwestern Mutual led LearnVest’s $28 million funding round in 2014, the insurer acquired the New York-based fintech startup. Read the full story here.