Northwestern Mutual Future Ventures, the venture arm of Milwaukee-based financial services and life insurance company Northwestern Mutual, is investing in a Dallas health startup focused on millennials.
Mountain Health Technologies, recently closed on $1.6 million in funding, according to a filing with the U.S. Securities and Exchange Commission. The round was led by Matchstick Ventures, a venture capital firm founded by two Techstars Ventures managing directors, and with participation from Techstars, Bread and Butter Ventures, and Route 66 Venture, according to Fortune.
Northwestern Mutual Future Ventures makes investments from a second corporate venture capital fund of $150 million, an extension of a previous fund of $50 million that launched in 2017, but is now fully committed.
Mountain Health Technologies, while employing technology tools, is offering health insurance options to younger folks at $30 a month, according to its website.
“Our mission is to help millennials live healthy lives by providing access to affordable health care services like women’s health, primary care, and more,” it said on its site.
The company, which notes it is not health insurance, said its partnerships include MinuteClinic, which is located inside select CVS Pharmacy or Target stores. Read the full story here.