Northwestern Mutual is launching a venture capital fund, Northwestern Mutual Future Ventures, with an initial $50 million purse to "engage startups whose technologies have the potential to transform how consumers experience and achieve financial security," the company announced today.
The unit will make investments ranging between $500,000 and $3 million to "fund digital solutions to help accelerate innovation and create value for the company’s clients," the company added. Investments will revolve around four key areas:
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