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Nationwide: Expands Venture Capital Fund to $350M

February 13, 2021

Columbus, Ohio-based diversified insurance and financial services company Nationwide is expanding its venture capital investment fund to $350m
The funding will directed into high-growth potential insurance and financial services startups that directly advance Nationwide’s strategy and enable even greater customer value
Nationwide’s venture capital investment initiative began in 2015 with the formation of the ventures team
In 2017, the company also announced the creation of a $100m fund focusing on insurtech and fintech startups that support six thematic areas
To date, Nationwide’s venture capital team has also invested in 25 companies and has helped facilitate 31 partnerships between startups and Nationwide business units
Nationwide recently aligned Corporate Development capabilities to include the venture capital, mergers and acquisitions, and strategic partnership teams