
Northwestern Mutual Future Ventures
Milwaukee, Wisconsin, United StatesFounded 2017
Northwestern Mutual Future Ventures (NMFV) is the corporate venture capital arm of Northwestern Mutual, a Fortune 500 company. It invests in early-stage startups across fintech, wealthtech, health & wellness, and data analytics that align with Northwestern Mutual's strategic business priorities.
Deal activity increased 150% year-over-year (5 deals in the last 12 months). Average disclosed round size is $21.9M (across 43 rounds with reported amounts).
Portfolio
34
Fund Size
$150M
Top Stage
Series A
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
47 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series B | $40M | Feb 2026 | |
| Seed | $3M | Jan 2026 | |
| Series A | $10.6M | Jan 2026 | |
| Series A | $20M | Nov 2025 | |
| Series B | — | Oct 2025 | |
| Series D | — | Sep 2025 | |
| Series B | $132M | Apr 2025 | |
| Series C | $25M | Mar 2025 | |
| Series C | $35M | Jan 2025 | |
| Series C | $25M | Jan 2025 | |
| Series A | $20M | Jan 2025 | |
| Series D | $15M | Aug 2024 | |
| Series A | $20M | Jan 2024 | |
| Seed | $3.3M | Oct 2022 | |
| Seed | $2.5M | Aug 2022 | |
| Series A | $15M | Dec 2021 | |
| Series B | $26M | Nov 2021 | |
| Seed | $2M | Jul 2021 | |
| Seed | $3.9M | Jan 2021 | |
| Seed | $5M | Nov 2020 | |
| Seed | $1.5M | Jul 2020 | |
| Series A | $9M | Jun 2020 | |
| Series D | $62.5M | Jan 2020 | |
| PPaceline Fit | Seed | $5M | Jan 2020 |
| Series B | — | Jan 2020 |
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Top Co-Investors
Techstars8 shared
LiveOak Venture Partners5 shared
Royal Bank of Canada5 shared
Silverton Partners5 shared
Link Ventures5 shared
Lightbank4 shared
Gaingels4 shared
Apollo Global Management, Inc.3 shared
Allegis3 shared
The Artemis Fund3 shared
Alumni Ventures3 shared
Fin Capital3 shared
Breyer Capital3 shared
Western Digital3 shared
Rosecliff3 shared
Hack VC3 shared
Halogen Ventures3 shared
AARP3 shared
Luma Launch3 shared
Jackson Square Ventures3 shared
Last updated: 7 October 2026