MassMutual Ventures

Latest fund size

$150M

Announced

August 29, 2026

Global HQ

United States

Members only

Check size

$2M – $5M

Members only

Stage focus

Seed, Series A, Series B

Members only

Regions of investment

United States, Canada

Members only

About

MassMutual Ventures (MMV) is the corporate venture capital arm of insurer MassMutual, founded in 2014. MMV invests across two fund families: Climate Technology, and Enterprise SaaS, Fintech, Cybersecurity, and HealthTech. This is a corporate venture fund (CVC), not an independently raised fund with outside LPs.

Contact info

massmutualventures.com

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Tim Krysiek — Managing Partner, Climate Technology

tkrysiek52@massmutual.com

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Doug Russell — Managing Partner & Head of MMV

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Charles Svirk — Partner, Climate Technology

csvirk@massmutual.com

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Karl Beinkampen — Venture Partner, Climate Technology

kbeinkampen30@massmutual.com

Members only

Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.

Investment focus

CTF II targets early-stage companies (primarily Series A and B, open to seed-stage introductions) in the US and Canada applying climate technology and AI to real assets, energy infrastructure, real estate, and natural resources, across three areas:

Climate Intelligence (data and analytics for carbon markets and emissions reporting), Sustainable Cities (built environment decarbonization: HVAC, materials, efficiency), and Clean Power (renewable energy development and demand-side electrification).

MMV's other fund targets Enterprise SaaS, Fintech, Cybersecurity, and HealthTech, led separately by Managing Partners Eric Emmons and Mark Goodman.

Members only

What the fund looks for in founders and which sectors it backs.

Fund

Climate Technology Fund II (CTF II) is a $150M vehicle, bringing MMV's total climate-focused commitment to $300M across two funds since Fund I launched in 2023. Fund I backed 16 companies across clean power, energy systems, digital infrastructure, and climate adaptation.

Initial checks run roughly $2M–$5M, with a target pace of 4–6 new investments per year and significant reserves for follow-on. MassMutual itself is CTF II's sole limited partner, a captive corporate venture structure, not an independently raised fund with outside LPs.

MMV as a firm was founded in 2014 and has raised funds beyond climate as well, including a $300M fund in 2022 focused on Asia and Europe.

Members only

Fund size, LPs and track record.

Other information

Leadership

  • Tim Krysiek — Managing Partner, Climate Technology; joined MMV in 2023, previously Managing Director at Equinor Ventures
  • Doug Russell — Managing Partner & Head of MMV; has led the firm since its founding in 2014
  • Charles Svirk — Partner, Climate Technology
  • Karl Beinkampen — Venture Partner, Climate Technology
  • Kara Burns — Senior Associate, Climate Technology
  • Aram Ouligian — Senior Associate, Climate Technology

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Investment Strategy

Backs founders applying climate technology and AI to improve the efficiency, resilience, and value of real assets, with a concentrated pace of 4–6 new investments per year and deep sector expertise plus access to MassMutual's own balance sheet and asset base as a potential design partner or early customer.

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Notable Investments

  • AeroShield
  • ConnectDER
  • Crux
  • Cultivo
  • HData
  • Sunairio
  • SYSO
  • Transaera
  • Treehouse

Members only

Leadership, investment strategy, notable investments and exits.

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