MassMutual Forms $100 Million Corporate Venture Capital Fund

The Massachusetts Mutual Life Insurance Co. on Thursday announced its new corporate venture capital firm, MassMutual Ventures LLC, which will have $100 million to invest in start-up companies and entrepreneurial businesses.

The firm is a small piece of the insurer's overall investment portfolio of $126.53 billion. MassMutual Ventures is based in Boston and plans to invest in new businesses aligned to the strategy of MassMutual, such as those that specialize in financial technology, consumer internet technology, digital health and cyber security.

"The idea is to be investing in businesses that potentially could help accelerate the overall strategy of MassMutual, but also...