Generali Ventures underway with dedicated commitment of €250m

Generali has announced that Generali Ventures, the firm’s strategic innovation initiative in venture capital fund, is underway, with a dedicated commitment of €250 million, as it plans to “identify the most promising investment opportunities, with a particular focus on the insurtech and fintech sectors.”

Launched in 2022, after an in-depth analysis of over 100 venture capital funds, Generali Ventures has invested in three strategic initiatives: Mundi Ventures, specialized in insurtech technologies; Speedinvest, focused on startups in the early pre-seed and seed stages; and Dawn, focused on investing in B2B software solutions.

“The search for external innovation spans a broad spectrum of technologies that are revolutionising the insurance industry, including areas such as mobility, artificial intelligence, cybersecurity, and healthcare,” Generali said.

The firm continued, “Investment targets include innovative startups, both pre-seed and late stage, with a geographic focus extending to VC funds in Europe and the United States.”

Bruno Scaroni, Group Chief Transformation Officer of Generali, commented, “As set out in our ‘Lifetime Partner 24: Driving Growth’ strategic plan, Generali is an innovative customer-oriented Group, focused on the best possible use of data and emerging technology.

“Thanks to this new venture capital initiative, we will make long-term investments in the global innovation ecosystem. Generali Ventures will also have a positive impact on the insurance sector, boosting the development of innovative projects, opening up new opportunities for collaboration, and integrating initiatives that contribute to the overall transformation of the Group.”

The post Generali Ventures underway with dedicated commitment of €250m appeared first on ReinsuranceNe.ws.