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Northwestern Mutual launches $150M venture capital fund

Northwestern Mutual Life Insurance Co. launched the $150 million Northwestern Mutual Future Ventures Fund II, an extension of its corporate venture capital fund that launched in 2017.

Investments will range from $500,000 to $5 million and will typically begin in series A or B funding rounds.

Northwestern Mutual Future Ventures has invested $43 million in 14 startups since launching in 2017.