Aegon and Transamerica's global activities in Corporate Venture & Growth Capital are represented by Transamerica Ventures and the Aegon Growth Capital fund.
Aegon Groups' goals are to benefit from the new InsurTech and Fintech technologies backed by these investment funds and to generate attractive financial returns.
Transamerica Ventures
In 2014, Aegon became one of the first companies in the insurance sector to leverage innovation through a dedicated investment fund. Transamerica Ventures invests in startups developing new technologies in the areas of InsurTech, Fintech, Enterprise Software, and Digital Health.
With offices in New York City and The Hague, the Netherlands, the Transamerica Ventures fund invests in Series A and B-stage companies around the globe that will produce outsized returns and valuable partnerships.
Transamerica Ventures has invested in companies that are active in fields such as Digital distribution, Infrastructure technology, Digital financial wellness and advice, Artificial Intelligence/Machine Learning, Data Analytics/Predictive analytics and distributed ledger/blockchain. The fund currently has 22 portfolio companies and has generated nearly 60 partnerships and pilots across the organization in the US, Europe, UK, India, Asia and Brazil.
Aegon Growth Capital
Amsterdam based Aegon Growth Capital focusses on established Fintech and InsurTech companies seeking Series B funding or Growth Capital to expand, transition and grow their businesses.
The fund also provides access to the expertise, scale and international reach of Aegon and its partners. Aegon Growth Capital invests around 4 themes: -
- Distribution of financial products (omni-channel, digitally enhanced);
- Servicing, administration and business process outsourcing;
- Customer engagement platforms, and;
- Health & Wealth, asset management.
The fund takes significant minority participations as co-lead or lead-investor. The team started its investment activities in 2016 and made various investments to date. Aegon Growth Capital Fund was formally established in early 2019. The fund also provides access to the expertise, scale and international reach of Aegon and its partners.