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11 July 2018

MTech meets corporates to raise $75m

CNA Financial, NN Group and an unnamed insurance provider have supplied $75m for MTech's InsureTech fund, which has targeted a $150m close.

Author: Robert Lavine, News Editor

UK-based venture capital firm MTech Capital reached the first close of an insurance fund yesterday with $75m from corporates including financial services firm CNA Financial Corporation and insurance and financial group NN Group.