MS&AD Ventures Inc. (“MS&AD Ventures"), corporate venture capital of MS&AD Insurance Group Holdings, Inc. (the “Company,” President & CEO: Noriyuki Hara), has been recognized in the GCV Powerlist Award 2020 which is an internationally recognized award related to corporate venture capital (CVC). Two representatives of MS&AD Ventures have been named to the “Top 100 Powerlist” of investors.
This award is a great honor as it shows that MS&AD Ventures plays an important role in the world of venture business.
Through MS&AD Ventures’ investment activities, MS&AD Group will continue to enhance the value of customer experience and business productivity, achieve sustainable growth, and enhance corporate value, while adopting new business models that utilize advanced technologies.
1. About GCV Powerlist Award 2020
This award is an authoritative award given by Global Corporate Venturing, a global media company related to CVC, to the top 100 investors out of around 2,000 companies from around the world once a year.
It is considered to be a great honor to be selected for this award because, in addition to the number of investments and the growth rate of the investee, strategic and leadership factors such as the status of alliances and development with investee companies, the impact and uniqueness of the contents of alliances within the company, and leadership at public meetings are taken into consideration.
3. Main results
・Hippo: a unicorn company that provides risk segmentation insurance and disaster prevention and mitigation services to homeowners. In 2019, it was selected as one of the “AI 50” by Forbes. Invested in July 2020.
・Socotra: a cloud-API insurance platform provider. In 2020, it was selected as one of the Oxbow's InsurTech Impact 25 companies. Invested in December 2018.
・Jupiter: a weather startup that collects a variety of data, including communications satellite data, and uses AI analysis to predict natural disasters. Invested in February 2019.
As a new business program with startups, the MS&AD Garage Program was established for MS&AD Group companies from all over the world to study in Silicon Valley for a short term to solve management problems together. In about two years, 37 people from 22 offices and 5 countries have participated individually. Business alliance has been realized with 10 companies.
4. Comments from awardees
＜Jon Soberg, CEO of MS&AD Ventures＞
It is a great honor to receive this prestigious award. I would like to thank my wonderful teammates and colleagues in the MS&AD Group worldwide and, above all, the 40 startups in our portfolio companies who have taken their innovation journey with us. As “One team of MS&AD”, we will continue to move forward to Create Shared Value for society to help make the world a better place.
＜Takashi Sato, President of MS&AD Ventures＞
It's a great honor to receive this award after two years in business. I am proud to be part of the CVC business, which bridges the gap between our Group and startups around the world with excellent technologies and business models, and I am looking forward to working with our colleagues in the MS&AD Group and the startups in our portfolio companies to create a “Resilient and sustainable society”. We will continue to challenge ourselves without fear of failure to achieve our goals.
Overview of MS&AD Ventures
1. Name: MS&AD Ventures Inc.
2. Location: Menlo Park, California, U.S.A.
3. Shareholder: MS&AD Insurance Group Holdings, Inc. 100%
4. Investment targets: Start-ups aiming to generate synergies with the MS&AD Group *
* Overseas start-up companies focusing on early-stage (from the late start-up period to the early growth period) insurance and financial services
5. Investments: 40 companies (As of the end of August 2020)
6. MS&AD Ventures website : https://msad.vc/