- 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
