24 July 2017
visit www.avoka.com

Northwestern Mutual establishes $50 million investment fund

12 January 2017  |  3623 views  |  0 Source: Northwestern Mutual

Northwestern Mutual announced today it has designated $50 million to form Northwestern Mutual Future Ventures which will engage startups whose technologies have the potential to transform how consumers experience and achieve financial security.

This multiyear 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 greater value for its more than 4 million clients.

"We want to make it easier for Americans to know what financial security is and how to achieve it," said Rebecca Porter, vice president of corporate strategy and chairperson of the investment committee for Northwestern Mutual Future Ventures. "We're bringing together the strength and scale of a 160-year-old Fortune 100 company with leading-edge innovations of startups to transform financial planning through our trusted advisors and relevant digital tools."

Each investment--ranging between $500,000 and $3 million--will fund digital solutions to help accelerate innovation and create value for the company's clients. Northwestern Mutual Future Ventures will focus on four priority investment areas: consumers' changing preferences, reimagining the client experience, the digital health revolution and transformational analytics and technologies.

Northwestern Mutual has been ramping up investments in and relationships with early stage companies, following its 2015 acquisition of LearnVest. "We have already seen substantial benefits through LearnVest and other investments, and our goal is to continue tapping into innovators that share our passion for helping people through innovation," said Porter.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.niceactimize.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
11034 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
9875 views comments | 16 tweets | 12 linkedin
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
8875 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
8786 views comments | 10 tweets | 5 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
8689 views comments | 25 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job