Fintech: Generali Ventures Targets Fintech, Insurtech Sectors for €250m venture fund

Italian financial services firm Generali has officially launched Generali Ventures, a venture capital initiative aimed at driving innovation, breaking into new markets, and bolstering operational efficiency throughout the group.

With a substantial €250 million commitment, Generali Ventures sets its sights on unearthing the most promising investment opportunities, casting a spotlight on the fintech and insurtech sectors.

Generali Ventures, operational since 2022, has evaluated over 100 venture capital funds, leading to strategic investments in three key initiatives: Mundi Ventures, with a specialization in insurtech technologies; Speedinvest, honing in on early pre-seed and seed-stage startups; and Dawn, concentrating on B2B software solutions, with a particular emphasis on fintech innovations.

Generali’s quest for external innovation explores a wide array of technological advancements revolutionizing the insurance domain, including mobility, artificial intelligence, cybersecurity, and healthcare.

The venture capital initiative is eyeing up innovative startups across various developmental stages, extending its geographical reach to include VC funds in Europe and the United States.

Bruno Scaroni, Generali’s Group Chief Transformation Officer, emphasized the group’s commitment to innovation, saying Generali is “dedicated to being an innovative, client-centric organization”, maximizing the potential of data and emerging technology.

“Generali Ventures represents a significant stride in this direction, promising long-term investments within the global innovation ecosystem. This venture is set to have a transformative impact on the insurance sector, fostering the growth of innovative projects, nurturing collaborative opportunities, and integrating initiatives that propel the overall transformation of the group,” Scaroni said.

Generali Ventures is a critical component of the “Lifetime Partner 24: Driving Growth” strategic plan, accounting for a portion of the €1.1 billion earmarked for the Group’s digital and technological evolution.

The initiative underscores Generali’s commitment to leading innovation and digital transformation, fostering sustainable business models, enhancing customer value through the “Lifetime Partner” advisory model, and achieving heightened operational efficiency by leveraging automation and technology.

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