Transamerica Ventures

Transamerica Ventures was the corporate venture capital arm of the Aegon Group and its US subsidiary Transamerica. Founded in 2014 and based in New York, the roughly $140 million fund invested in early-stage, high-growth technology companies across the United States and globally, providing seed, venture and growth-stage capital to innovators in fintech, enterprise IT and internet sectors. Its investment thesis centered on technology that impacts the insurance value chain, the broader financial world, global enterprises, and employee and customer wellness. Over time its portfolio spanned enterprise applications, fintech, insurtech, consumer and vertical SaaS, typically as a co-investor. The fund's top sectors were enterprise applications and fintech, with reported average round sizes of about $4.1 million at seed, $8.8 million at Series A, $19.5 million at Series B and $28.5 million at Series C, and common total deal sizes in the $10 to 50 million range. Notable portfolio companies included Policygenius, Quantemplate and Coverfox. In April 2021, Transamerica sold its corporate venture portfolio of nearly twenty financial and insurance technology companies to Swiss private equity firm Montana Capital Partners; the transaction was structured as a spin-out of the existing management team, led by Georg Schwegler and Andrew Pitz, who formed a new firm, HighScale Ventures, with HighScale Ventures Fund I acquiring the Transamerica Ventures Fund. As a result, Transamerica Ventures is no longer an active investment vehicle under the Transamerica and Aegon umbrella, though its insurance-and-fintech portfolio lives on under the successor manager.