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by Firm Announcement
November 1, 2023
Generali Ventures is underway: the enterprise capital initiative launched by Generali to speed up innovation, enter new markets and generate further working efficiencies for the Group.
With a devoted dedication of € 250 million, Generali Ventures will determine probably the most promising funding alternatives, with a selected concentrate on the insurtech and fintech sectors.
Launched in 2022, after an in-depth evaluation of over 100 enterprise capital funds, Generali Ventures has invested in three strategic initiatives: Mundi Ventures, specialised in insurtech applied sciences; Speedinvest, centered on start-ups within the early pre-seed and seed levels; and Daybreak, centered on investing in B2B software program options.
The seek for exterior innovation spans a broad spectrum of applied sciences which might be revolutionising the insurance coverage trade, together with areas equivalent to mobility, synthetic intelligence, cyber safety and healthcare. Funding targets embrace revolutionary start-ups, each pre-seed and late stage, with a geographic focus extending to VC funds in Europe and america.
Bruno Scaroni
Bruno Scaroni, Group Chief Transformation Officer of Generali, stated:
“As set out in our ‘Lifetime Accomplice 24: Driving Development’ strategic plan, Generali is an revolutionary customer-oriented Group, centered on the very best use of information and rising expertise. Because of this new enterprise capital initiative, we are going to make long-term investments within the international innovation ecosystem. Generali Ventures may also have a optimistic impression on the insurance coverage sector, boosting the event of revolutionary tasks, opening up new alternatives for collaboration and integrating initiatives that contribute to the general transformation of the Group.”
Generali Ventures is a part of the “Lifetime Accomplice 24: Driving Development” strategic plan, which incorporates € 1.1 billion of cumulative investments within the digital and technological transformation of the Group. Main innovation and digital transformation represents one of many three pillars on which the technique is constructed, because the Group is dedicated to creating sustainable enterprise fashions for the long run, growing buyer worth by way of the “Lifetime Accomplice” advisory mannequin, accelerating innovation as a data-driven firm and to attaining further working effectivity by scaling automation and expertise.
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