Tokio Marine launches own venture capital fund
The fund is worth $42m.
Tokio Marine Holdings has announced the launch of its corporate venture capital fund called Tokio Marine Future Fund.
The fund aims to make strategic investment, collaboration, and partnership support for early startups related to insurance and adjacent spaces. It will target seed and early-stage startups.
The fund will be worth $42m and will be operational for a period of 10 years.
WiL, LLC a Silicon Valley and Japan-based venture capital firm, will be responsible for the operation of the CVC and provide investment deal, investment execution, and post-investment support.
Tokio Marine’s CVC fund was first established in October 2021 but was just fully operational this April 2022.
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