Nationwide, the “number-one small-business insurer in the US” has revealed that it has made a venture capital investment in BlueVine, “a company that provides online working capital financing for small- and medium-sized businesses.”

This investment is the latest for Nationwide’s venture capital arm that sees the company focusing on expanding its reach.  In addition to BlueVine, Nationwide “has also made investments in start-ups like Blooom, Nexar, Sure, Matic and Betterview – all of which focus on the insurance and financial-planning process.”

Nationwide Ventures invests in early to late startups to the tune of between $1M and $5M USD.  According to their website, Nationwide Ventures “is an innovation engine focused on investments that will accelerate the digitization of Nationwide’s core and adjacent businesses.”  The investment organization looks to partner with startups “who have the potential to transform the insurance and financial services industries.”

“As the number-one small-business insurer in the US, Nationwide has a deep and enduring commitment to small-business owners,” said Erik Ross, head of the company’s venture capital team. “This investment aligns with our mission to help business owners protect what’s most important and plan for a secure financial future.”

For more information on the venture capital firm, check out https://www.nationwide.com/cps/nw-ventures.html

 

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