MassMutual Ventures raises second fund at $100m

The Boston-based firm will continue to target early-stage and growth companies.

Boston-based MassMutual Ventures has raised $100 million for a second fund to continue its strategy of investing in early-stage and growth companies.

This second vehicle, whose funding was provided by the parent company, Massachusetts Mutual Life Insurance Company, will target 20-25 companies across the financial services, insurance, enterprise software and cybersecurity sectors in North America, Europe, and Israel.

With this fund’s close, MMV has increased its capital under management to $200m, of which $80m in invested and reserved capital has been allocated to a portfolio of 20 investments.