Wellington Management (Wellington), one of the world’s largest independent investment management firms, announced the final close of its early-stage venture fund, Wellington Venture Investments I (WVI), with $150m in commitments.
The Fund’s investor base includes insurance companies, health care companies, state plans, international banks, foundations, and family offices.
The Fund invests in early-stage companies in large and growing markets like the B2B software, fintech, and consumer sectors. It is managed by Wellington Access Ventures the firm’s early-stage venture capital team and was offered through Wellington’s $8bn Private Investing platform which includes early-stage venture to late-stage growth funds investing in multiple sectors for clients across the globe.
The Fund has already made numerous investments in diverse founder-led companies, focused on businesses with the potential to become leaders in large or growing markets. Sectors identified by the WAV team include artificial intelligence, DevOps, infrastructure, fintech, digital health and consumer technology with a focus on cultural and demographic shifts
