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MassMutual Ventures company logo
Corporate Venture
massmutualventures.com

Investments

122

Portfolio Exits

15

Funds

10

About MassMutual Ventures

MassMutual Ventures backs entrepreneurial companies that are transforming the insurance and investment services markets through technology and business model innovation. Its key areas of investment focus include FinTech, data analytics, cybersecurity, digital health, and enterprise software. MassMutual Ventures leads or joins investments in companies that are poised to create significant enterprise value through differentiated innovation and focused execution. Massachusetts Mutual Life Insurance Company (MassMutual) is the parent company of MassMutual Ventures. MassMutual Ventures was founded in 2014 and is based in Boston, Massachusetts.

Headquarters Location

10 Fan Pier Blvd.

Boston, Massachusetts, 02110,

United States

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Expert Collections containing MassMutual Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find MassMutual Ventures in 2 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

I

Insurtech

35 items

Latest MassMutual Ventures News

IEX Scores $75M Funding

Sep 18, 2023

IEX, a rapidly growing equity trading venue dedicated to institutionalizing fairness in the financial markets, announced today it has completed a $75 million round of funding led by Spark Capital. The round included broad participation from a cross-section of investors, including Bain Capital Ventures, MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company, and global investment manager Franklin Resources, Inc. Other participants in this round include private investment firms Cleveland Capital Management and TDF Ventures, and renowned visionaries and entrepreneurs Jim Clark (Netscape) and Steve Wynn (Wynn Resorts). The financing will be used to pursue registration as a U.S. national exchange and to explore other opportunities to leverage IEX's unique brand, capabilities and market position. 'Our intention from day one was to challenge the status quo by building a market that prioritizes the needs of traditional investors and issuer companies,' said IEX Group Chief Executive Officer and Co-Founder Brad Katsuyama. 'We are encouraged by our recent growth, which has been driven by both investors and their brokers. This additional capital enables us to build and operate a world-class stock exchange.' Since Q1 2014, IEX has tripled its daily trading volume, and in recent weeks, participant volume has exceeded 100 million shares per day. Spark Capital General Partner Alex Finkelstein will join IEX Group's Board of Directors as part of the financing. 'The best way to truly improve the way that the financial markets work is by giving investors and brokers an opportunity to vote with their trades for a fairer marketplace,' said Finkelstein. 'We believe in IEX's vision of next-generation capital markets, and we're confident that the IEX team will successfully change the way that Wall Street operates for the better.' 'We chose to partner with Spark Capital because, like IEX, they are a trust-based firm that is focused on the entrepreneur's mission.' said Katsuyama. 'From the very beginning, they showed a meaningful commitment to supporting our vision for the future of capital markets. Their history of helping companies such as Twitter and Wayfair accelerate the network effect of adoption has parallels to scaling a successful stock exchange.' IEX Group's consortium of institutional investors also includes The Capital Group, Brandes Investment Partners, Greenlight Capital, Senator Investment Group, Pershing Square Capital, Maverick Capital, Scoggin Capital Management, Belfer Management, Kistler Associates and Third Point Partners. 'We feel extremely fortunate to bring together such an unprecedented and unique group of investors who believe in a common vision ' to build a stock exchange in the best interests of companies and investors,' said Katsuyama. ABOUT IEX IEX is the first equity trading venue seeded by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices. Their unique ownership consortium represents a cross-section of traditional investors who are all dedicated to a fair and balanced market that works for all participants. IEX operates a fair-access platform for any qualified broker dealer, and was built on the principle of investor protection, delivered through its proprietary anti-colocation architecture and simplified pricing and rule set. IEX was featured in the best-selling book, Flash Boys, written by Michael Lewis. Learn more at: www.iextrading.com ABOUT SPARK CAPITAL Spark Capital is a bi-coastal, boutique venture capital firm that partners with bold entrepreneurs who are passionate about reaching millions of people through new ideas in design and technology. Founded in 2005, Spark Capital manages approximately $1,825,000,000 across five funds. We are in Boston, New York, and San Francisco, and we invest wherever we see the right opportunities. We are currently investing Spark IV, a $450,000,000 fund raised in 2013 and Spark Capital Growth Fund, a $375,000,000 fund raised in 2014. Spark Capital focuses on Internet and mobile investments across the following key categories: advertising & monetization, commerce & services, content & media, financial services, hardware & infrastructure, mobile and social. Some of Spark Capital's most notable investments include Adap.tv (acquired by AOL), AdMeld (acquired by Google), Oculus (acquired by Facebook), OMGPOP (acquired by Zynga), Tumblr (acquired by Yahoo! ), and Twitter (NYSE: TWTR). For more information, visit www.sparkcapital.com. (c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.

MassMutual Ventures Investments

122 Investments

MassMutual Ventures has made 122 investments. Their latest investment was in IMMIX as part of their Seed VC on September 9, 2023.

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MassMutual Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2023

Seed VC

IMMIX

$2.7M

Yes

1

8/7/2023

Series B

BondbloX

No

1

8/2/2023

Growth Equity

Rapid Applications Group

Yes

2

7/13/2023

Series B

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$99M

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10

7/10/2023

Series A - II

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$99M

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10

Date

9/13/2023

8/7/2023

8/2/2023

7/13/2023

7/10/2023

Round

Seed VC

Series B

Growth Equity

Series B

Series A - II

Company

IMMIX

BondbloX

Rapid Applications Group

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Amount

$2.7M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

2

10

10

MassMutual Ventures Portfolio Exits

15 Portfolio Exits

MassMutual Ventures has 15 portfolio exits. Their latest portfolio exit was CyberGRX on July 12, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/12/2023

Acquired

$99M

2

7/12/2023

Acquired

$99M

4

4/25/2023

Acquired

$99M

13

1/12/2023

Acquired

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$99M

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10

1/9/2023

Acquired

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$99M

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10

Date

7/12/2023

7/12/2023

4/25/2023

1/12/2023

1/9/2023

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

4

13

10

10

MassMutual Ventures Fund History

10 Fund Histories

MassMutual Ventures has 10 funds, including MassMutual Ventures IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/29/2022

MassMutual Ventures IV

$100M

1

6/3/2020

MassMutual Ventures III

$100M

1

1/21/2020

MassMutual Ventures Southeast Asia II

$100M

1

12/21/2018

MassMutual Ventures Southeast Asia Fund

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$99M

10

11/7/2018

MassMutual Ventures Southeast Asia

$99M

10

Closing Date

6/29/2022

6/3/2020

1/21/2020

12/21/2018

11/7/2018

Fund

MassMutual Ventures IV

MassMutual Ventures III

MassMutual Ventures Southeast Asia II

MassMutual Ventures Southeast Asia Fund

MassMutual Ventures Southeast Asia

Fund Type

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Status

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Amount

$100M

$100M

$100M

$99M

$99M

Sources

1

1

1

10

10

MassMutual Ventures Team

5 Team Members

MassMutual Ventures has 5 team members, including current Managing Partner, Eric Emmons.

Name

Work History

Title

Status

Eric Emmons

Siemens Venture Capital, Massachusetts Green Energy Fund, L.E.K. Consulting, Commons Capital, EPIX Medical, Mercer, and Corporate Decisions

Managing Partner

Current

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Name

Eric Emmons

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Work History

Siemens Venture Capital, Massachusetts Green Energy Fund, L.E.K. Consulting, Commons Capital, EPIX Medical, Mercer, and Corporate Decisions

Title

Managing Partner

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Status

Current

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