MS&AD Ventures
Corporate venture arm of MS&AD Insurance Group, backing early-stage insurtech, fintech and health startups
🇺🇸 Menlo Park, California · Founded 2018
Pre-seed to Series B·Leads or follows
MS&AD Ventures is the corporate venture capital firm of MS&AD Insurance Group Holdings, a Japanese insurance group. It was set up in 2018 and is based on Sand Hill Road in Menlo Park, California. It invests mainly in early-stage companies around the world, in insurtech, fintech, digital health, AI, mobility and sustainability. Its parent says it looks for startups that can create synergies with the MS&AD Group.
What they invest in
We primarily invest in early-stage companies. We invest in great startup ecosystems around the world, and MS&AD Group's operations in 47 countries give us the ability to add significant value. We make most of our investment decisions in 2 weeks.
- Stage
- Pre-seed to Series B
- Role in a round
- Leads or follows
- Fund
- Fund V · $100M
- Closed 2024
- Insurtech
- Fintech
- AI and Analytics
- Digital Health
- Future of Transportation
- Global
- North America
- Europe
- Southeast Asia
- Latin America
How to pitch
Openfor introduces founders whose company fits the criteria above.
Open to
- Co-investment
The fund says it works very collaboratively with its portfolio teams and with other investors, and that it cares more about building partnerships than about ownership percentages.
Portfolio
MS&AD Ventures has invested since 2018 and lists about 130 companies on its site. Most tracked deals are Seed and Series A, with some Pre-seed and Series B. The main sectors are insurtech, fintech, digital health and AI. Companies are in the US, Europe, Singapore, Canada and Mexico.
Some of the companies they have backed
The portfolio at a glance · 60 companies · 2019–2026 · 26 exits · led 6
Sectors
- Digital Health8%
- Insurtech8%
- Insurtech and Fintech8%
- AI and Analytics7%
- Other23%
Stage when they invested
- Pre-seed5%
- Seed10%
- Series A17%
- Series B5%
- Series C+2%
Where the companies are
- 🇩🇪 Germany8%
- 🇬🇧 United Kingdom8%
- 🇸🇬 Singapore5%
- 🇺🇸 United States5%
- Other10%
60 of about 130 companies on the fund's own portfolio page, as of Oct 2026. Stages, years and lead status come from Seedtable and press. The full list is on its site.
Co-investors and partners
Funds that invested in the same rounds.
