MS&AD Ventures

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 5, 2026	Sidekick	$10.9M Series A	Development Bank of Wales, Eos Venture Partners	1818 Venture Capital, BlackWood Ventures, Koro Capital Ltd, PactVC, Seedcamp, Semantic Ventures, TheVentureCity
Oct 1, 2025	Meanwhile	$82.0M Series B	—	Acrew Capital, Bain Capital Crypto, Exponent Founders Capital, General Catalyst, LGF, Mouro Capital, StillMark, Vouch Insurance, Dylan Field, Hunter Horsley, Karim Atiyeh, Parker Conrad, Sam Altman, Sam Blond, Sean Harper, Wences Casares
Oct 1, 2025	Flai	$5.0M Seed	—	305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, Double Prime LLP, First Round Capital, FTX Ventures, Passion Capital, Precursor Ventures, S28 Capital, SV Angel, Y Combinator, Michael Pennington, Saxon Baum
Oct 1, 2025	Agio Ratings	$6.0M Venture Round	—	Portage Ventures
Oct 1, 2025	Voyage	$3.0M Seed	—	Indus Valley Capital, Khosla Ventures, Kompas VC, Multicoin Capital, WorkLife Ventures, James Beshara, Kyle York, Varun Srinivasan
Sep 1, 2025	Circuit & Chisel	$19.0M Seed	—	Broom Ventures, Scott Sandell, Redpoint Ventures, Solana Ventures, Soma Capital, Tenacity Venture Capital, Trajectory Ventures, Tribe Capital, Y Combinator, Arash Ferdowsi, Helen Liang, Imran Khan
Sep 1, 2025	Alex AI	$17.0M Series A	—	1984 Ventures, 305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, First Round Capital, FTX Ventures, Liquid 2 Ventures, Precursor Ventures, Soma Capital, SV Angel, Verified Capital, Y Combinator, Arash Ferdowsi, Paul Graham, Saxon Baum
Sep 1, 2025	Flai	$500K Seed	—	Double Prime LLP, Passion Capital, S28 Capital, Michael Pennington
Aug 1, 2025	Medallion	$43.0M Series C	—	Acrew Capital, C2 Investment, Craft Ventures, Gradient Ventures, Sangeen Zeb, GV, Infinite Capital, Liquid 2 Ventures, Night Capital, Pioneer Fund, Predictive VC, QueensBridge Venture Partners, Sequoia Capital, Spark Capital, Stellar Capital, Jarrod Dicker, Thirty Five Ventures, Breon Corcoran, Mark Cuban, Mark Pincus, Matthew Dellavedova, Mitch Garber, Odell Beckham Jr., Peter Reinhardt, Steve Aoki, Will Gaybrick, Zachary Sims
Aug 1, 2025	Osigu	$10.0M Series B	—	Eos Venture Partners, Joseph Malchow
Jul 1, 2025	Credibur	$2.0M Seed	—	1982 Ventures, 500 Global, Jungle Ventures, VR Ventures, Alexandros Bottenbruch, Benedikt Franke, Christian Rebernik
Jun 1, 2025	Glean	$150.0M Series F	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, Battery Ventures, BITKRAFT Ventures, CapitalG, Cedar Capital Group, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, FirstMark Capital, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Insight Partners, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Singular, Snowflake Ventures, Spark Capital, Summit Partners, SV Angel, Telescope Partners, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Wellington Management, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Jun 1, 2025	Turnstile	$23.0M Series A	—	Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sapphire Ventures, Sequoia Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Ryan Shea, Sahin Boydas, Scott Belsky, Suhail Doshi
May 1, 2025	CrediLinq.Ai	$9.0M Series A	—	1982 Ventures, 500 Startups, Airbus Ventures, Dream Ventures VC, Saxena Capital, Starting Line, VU Venture Partners
May 1, 2025	Voltra	$2.0M Seed	—	Eos Venture Partners
Apr 1, 2025	Larridin	$17.0M Series A	—	8VC, Kevin Hartz, Alumni Ventures, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Gradient Ventures, Infinite Niches, Invariantes Fund, Jetstream, Liquid 2 Ventures, Next47, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sapphire Ventures, Sequoia Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Ameet Patel, Amit Agarwal, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Louis Lehot, Ryan Shea, Sahin Boydas, Scott Belsky, Suhail Doshi
Apr 1, 2025	Meanwhile	$40.0M Series A	—	Acrew Capital, Bain Capital Crypto, Exponent Founders Capital, General Catalyst, LGF, Mouro Capital, StillMark, Vouch Insurance, Dylan Field, Hunter Horsley, Karim Atiyeh, Parker Conrad, Sam Altman, Sam Blond, Sean Harper
Apr 1, 2025	Vivere Partners	$8.0M Series A	—	Acrew Capital, Bain Capital Crypto, Exponent Founders Capital, General Catalyst, LGF, Mouro Capital, StillMark, Vouch Insurance, Dylan Field, Hunter Horsley, Karim Atiyeh, Parker Conrad, Sam Altman, Sam Blond, Sean Harper, Wences Casares
Apr 1, 2025	Navro	$41.0M Series B	—	AI Fund, Angelic Ventures, Bain Capital Ventures, Element Ventures, Embedded Ventures, Gaingels, In-Q-Tel, Plug & Play Ventures, Signia Venture Partners, Unusual Ventures, Voyager Capital, XStarPartners, Luca Ascani
Mar 1, 2025	Flex	$25.0M Series A	—	305 Ventures, Ahead VC, Amplify.LA, Andreessen Horowitz, Banana Capital, Mark Kahn, Bullpen Capital, First Round Capital, FTX Ventures, Gotham Gal Ventures, Jeff Richards, Positive Sum VC, Precursor Ventures, Resolute Ventures, SV Angel, Umami Capital, Y Combinator, Dave Pell, Greg Schroy, John M. Mueller, Saxon Baum
Mar 1, 2025	Mercury	$300.0M Series C	—	2048 Ventures, 8VC, Kevin Hartz, Alumni Ventures, Andreessen Horowitz, Anti fund, Bain Capital Ventures, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, Max Ventures, Nexus Venture Partners, Otherwise Fund, Pareto Holdings, Pioneer Fund, Primary Venture Partners, Renegade Partners, Sapphire Ventures, Scale Venture Partners, Sequoia Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Andrew Berman, Bradley Horowitz, Eric Wu, Immad Akhund, Jonathan Swanson, Joshua Reeves, Joshua Webster, Matt Brezina, Russell Fradin, Russ Fradin, Ryan Shea, Sahin Boydas, Scott Belsky, Sri Batchu, Suhail Doshi
Jan 1, 2025	Coram AI	$14.0M Series A	—	8VC, Mosaic Ventures
Dec 1, 2024	Dopl Technologies	$2.0M Seed	—	305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, Chingona Ventures, First Round Capital, FTX Ventures, Precursor Ventures, SV Angel, Techstars, Y Combinator, Saxon Baum
Nov 1, 2024	Plato	$7.0M Seed	—	Accel, Battery Ventures, Cherry Ventures, First Round Capital, Flex Capital, Frontline Ventures, Insight Partners, Khosla Ventures, KRM Interests LLC, LocalGlobe, MMC Ventures, Next47, Pareto Holdings, Point Nine Capital, Seedcamp, Speedinvest, Stride VC, SV Angel, Voyager Ventures, World Fund, Amit Gudka, Arash Ferdowsi, Bastian Nominacher, Charlie Cheever, Charlie Songhurst, Claire Hughes Johnson, Fredrik Hjelm, Hanno Renner, Harsh Sinha, Jason Lemkin, Julius Köhler, Luc Vincent, Mandeep Singh, Mario Götze, Matthias Hilpert, Michael Wax, Nate Matherson, Nico Rosberg, Ron Pragides, Saturnin Pugnet, Zehan Wang
Sep 1, 2024	Glean	$260.0M Series E	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Spark Capital, Summit Partners, SV Angel, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at MS&AD Ventures.

Leadership Team

Key people at MS&AD Ventures.

Deep Dive

High-Level Overview

MS&AD Ventures is a corporate venture capital firm affiliated with MS&AD Insurance Group Holdings, primarily focused on early-stage investments in technology startups that align with the insurance industry and related sectors. Their mission centers on partnering with visionary entrepreneurs to create innovative solutions that drive positive change and build a sustainable future. The firm invests in key sectors such as property and casualty insurance (insurtech), ESG (environmental, social, and governance), healthcare, fintech, and the future of transportation. MS&AD Ventures emphasizes collaboration with startups and other investors to help companies grow and succeed, leveraging their resources and global network to support portfolio companies[2][4].

Origin Story

MS&AD Ventures was established as the corporate venture capital arm of MS&AD Insurance Group Holdings, a major Japanese insurance conglomerate. While the exact founding year is not specified in the search results, the firm has evolved to focus on early-stage investments that complement the group’s strategic interests in insurance and adjacent industries. The team comprises experienced investors and operators with global expertise, reflecting a commitment to fostering innovation through close collaboration with startups and internal group companies. One notable initiative is the MS&AD Garage Program, which facilitates direct engagement between group employees and Silicon Valley startups to solve specific business challenges, illustrating the firm’s hands-on and integrative approach[2][3].

Core Differentiators

Corporate Backing and Strategic Alignment: As an affiliate of MS&AD Insurance Group Holdings, the firm benefits from deep industry knowledge and access to a broad insurance ecosystem.
Collaborative Investment Model: MS&AD Ventures works closely with portfolio companies and co-investors, emphasizing partnership and shared values.
Sector Focus: Targeted investments in insurtech, ESG, healthcare, fintech, and future transportation align with emerging trends and the parent company’s strategic priorities.
Global Network and Operating Support: The firm leverages its international presence and industry connections to provide startups with market access, strategic guidance, and operational support.
Innovative Programs: Initiatives like the MS&AD Garage Program enable direct problem-solving collaborations between startups and internal business units, accelerating innovation adoption[2][3].

Role in the Broader Tech Landscape

MS&AD Ventures rides the wave of digital transformation in the insurance and financial services sectors, where big data, AI, and IoT are reshaping risk assessment, underwriting, and customer engagement. The timing is critical as the insurance industry faces pressure to innovate amid evolving regulatory environments, climate change risks, and shifting consumer expectations. By investing in startups that address these challenges, MS&AD Ventures influences the broader ecosystem by accelerating the adoption of cutting-edge technologies and sustainable business models. Their focus on ESG and future transportation also positions them at the intersection of technology and societal impact, contributing to the evolution of more resilient and responsible industries[1][2].

Quick Take & Future Outlook

Looking ahead, MS&AD Ventures is poised to deepen its impact by expanding investments in emerging technologies that enhance insurance and adjacent sectors. Trends such as AI-driven risk modeling, climate tech, and digital health will likely shape their portfolio and strategic initiatives. The firm’s collaborative approach and strong corporate backing suggest it will continue to be a key player in bridging traditional insurance with innovative startups, fostering ecosystems that prioritize sustainability and technological advancement. Their evolving role could further influence how insurance companies adapt to global challenges and leverage innovation for competitive advantage[2][3]. This positions MS&AD Ventures as a vital catalyst for transformation within the insurance and broader tech landscape.

Sources

High-Level Overview

Origin Story

Core Differentiators

Corporate Backing and Strategic Alignment: As an affiliate of MS&AD Insurance Group Holdings, the firm benefits from deep industry knowledge and access to a broad insurance ecosystem.
Collaborative Investment Model: MS&AD Ventures works closely with portfolio companies and co-investors, emphasizing partnership and shared values.
Sector Focus: Targeted investments in insurtech, ESG, healthcare, fintech, and future transportation align with emerging trends and the parent company’s strategic priorities.
Global Network and Operating Support: The firm leverages its international presence and industry connections to provide startups with market access, strategic guidance, and operational support.
Innovative Programs: Initiatives like the MS&AD Garage Program enable direct problem-solving collaborations between startups and internal business units, accelerating innovation adoption[2][3].