Tokio Marine launches $42m corporate VC fund in Silicon Valley

Global insurance group  Tokio Marine Holdings has launched a Silicon Valley-headquartered corporate venture capital (CVC) fund to support new entrants with cutting-edge technologies and innovative business models in the market.

The new CVC fund, dubbed  Tokio Marine Future Fund, has launched with initial $42 million capital that it plans to deploy in making strategic investments in seed-to-early stage startups around the world, as well as in building collaborations and partnerships to support its future growth.

The fund will focus on a broad range of markets, including insurtech, fintech, mobility, healthcare, cybersecurity, sustainability, deeptech.

Additionally,  Tokio Marine has partnered with h World Innovation Lab (WiL), a Silicon Valley and Japan-based venture capital firm with over $1.5 billion in assets under management, to drive the CVC’s investment strategy and process.

“We will pursue global digital synergies in collaboration with our seven digital labs around the world as we leverage the new technologies and solutions of startups that we invest in through  Tokio Marine Future Fund to ultimately offer innovative products and services in Japan and in our global markets,” Tokio Marine said in a statement.

"In addition, we will continue to actively invest, collaborate, and form strategic alliances with startups and contribute to the development of open innovation centered in Japan and Silicon Valley, USA,” it added.

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