Transamerica stops fund-of-funds investing to focus on direct tech
Andrew Pitts · 827: VC: $140m FinTech, InsurTech Fund on How They Invest · Oct 29, 2017 · at 14:21
Andrew Pitts, Investment Manager at Transamerica Ventures, explains the corporate venture arm's shifting strategy away from fund-of-funds investments.
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“Lira was real early stage just because we wanted access to sort of their network and their digital marketing opportunities, and they put a ton of companies in the space in front of us. FinTech Collective was the same but going forward, you know, most of our, all of our investments will be into technology, right? The goal isn't to do fund deals as good as those are, or can be, at least.”
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