Key Takeaways
- Sector: Industrials, Technology Software & Gaming.
- Geography: United States.
Analysis
Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, has announced the close of its fifth fund, raising $125 million from founding limited partner HSB. The new fund, named HSB Fund II, increases MRV’s total assets under management to $1.2 billion.
The fund aims to back startups within the "Built World" space—focusing on technology that enhances equipment performance, de-risks industrial operations, and optimizes supply chains. Investments will also extend to cybersecurity solutions and innovations fostering resilience in the face of future risks.
Over the past decade, MRV has established itself as a prominent investor in risk-tech ventures. Notable portfolio successes include At-Bay (cyber insurance), Augury (industrial manufacturing intelligence), and Helium Mobile (telecommunications). Another portfolio company, Mnubo, was acquired by AspenTech in 2019.
Jennifer Place, who has led investments in transformative tech for over a decade, will manage the HSB Funds and lead Built World sector investments. Meanwhile, Adam Care, with 12 years at HSB, takes on the role of Vice President and Head of Portfolio Development, fostering collaboration between MRV’s startups and HSB.
Jacqueline LeSage, Managing General Partner at MRV, emphasized the firm’s dedication: “We are more committed than ever to backing the companies and teams that are most thoughtfully innovating at the intersection of risk and technology.”
With this latest fund, MRV reinforces its role as a catalyst for technological advancements that address emerging global risks while enhancing operational resilience across industries.