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Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity

October 13, 2021


Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity.

The new financing arm, dubbed Munich Re Fund II, will also focus on privacy, commercial and industrial equipment technologies, and future of transportation.

Munich Re Ventures now has more than $1 billion in assets under management across four funds, each with a 10-year duration. Out of the existing funds, MRV has invested over $280 million in 36 companies, the company noted in its announcement. The portfolio includes a number of first-generation insurtechs. Among them are: At-Bay, Next Insurance, Slice Labs, and Trov.

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