According to reports, the venture fund is poised to actively identify and invest in the most promising opportunities, with a specific emphasis on the dynamic sectors of insurtech and fintech.
The investment scope encompasses startups across various stages, spanning from pre-seed to late stage, and extends geographically to include VC funds operating in both Europe and the United States.
Launched in 2022, Generali Ventures has already made significant strides by investing in three strategic initiatives. The first initiative involves collaboration with Mundi Ventures, a specialist in insurtech technologies. The second partnership is with Speedinvest, an entity dedicated to supporting startups in their early pre-seed and seed stages. The third initiative sees Generali Ventures aligning forces with Dawn, focusing on investments in B2B software solutions.
The committed funds mark Generali’s dedication to staying at the forefront of industry advancements, fostering innovation, and strategically positioning itself within the evolving landscape of insurtech and fintech. By actively seeking and supporting startups across different stages and geographies, Generali aims to be a driving force in shaping the future of the insurance and financial technology sectors.
Speaking about the initiative, Bruno Scaroni, group chief transformation officer, said: “As set out in our ‘Lifetime Partner 24: Driving Growth’ strategic plan, Generali is an innovative customer-oriented Group, focused on the best possible use of data and emerging technology. Thanks to this new venture capital initiative, we will make long-term investments in the global innovation ecosystem.”
He added: “Generali Ventures will also have a positive impact on the insurance sector, boosting the development of innovative projects, opening up new opportunities for collaboration and integrating initiatives that contribute to the overall transformation of the Group.”
Author: Joanna England
