Tokio Marine Holdings Inc. said on Wednesday that it has launched the Tokio Marine Future Fund, a corporate venture capital fund, with an initial investment of $ 42 million.
Palo Alto-based Tokyo Marine Future Fund will focus on early seed stage investments through Series A companies in sectors including insurtech, fintech, mobility, healthcare, cybersecurity, artificial intelligence and automation and climate risk.
The investments will range from $ 500,000 to $ 3 million and the fund has made several early investments to date, including TrustLayer, an insurance company that automates insurance verification, the statement said.
Tokio Marine Future Fund has partnered with World Innovation Lab LLC, another Palo Alto-based venture capital firm, to act as a fund manager.
Yoshi Yoshida, company manager in Palo Alto for Tokyo Marine Holdings Inc., called investment opportunities for early-stage innovative startups and “incredible”; emerging markets.