Nationwide is expanding its venture capital investment fund to $350 million directed toward high-growth potential insurtech and fintech startups, the company announced last week. The funding will be directed into high-growth potential insurance and financial service startups that advance Nationwide’s strategy in digital infrastructure, home solutions, retirement products, small and medium-sized businesses, telematics and fleet management, and cybersecurity and risk. Nationwide announced the creation of a $100 million venture capital investment fund in 2017; to date, the venture capital team has invested in 25 companies.
