Aviva has committed a further £150 million to its corporate venture capital fund, Aviva Ventures. 

The fund will focus on delivering returns through investments into early-stage businesses that bring the multinational insurance company new opportunities and insights into emerging technology and customer trends. 

Aviva Ventures was set up in 2016 with an initial £100m investment and focuses on investments where Aviva can develop a strategic relationship. 

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Investment themes include customer wellbeing, mobility, sustainability, and the opportunities created by new technology developments like artificial intelligence. 

Previous investments include Tembo Money, Outdoorsy, Shepper and Owlstone Medical, with announced as the first beneficiary of the latest tranche of funding. CEO Charlie Bullock told TechBlast earlier this year that its biggest challenge was scaling in the United States – and that is now exactly what it is looking to do with the new funding.

Ben Luckett, chief innovation officer at Aviva, said: “The £150m commitment to Aviva Ventures will be used to make early-stage investments in promising young digital and tech firms that also provide us with insight on emerging technology and consumer trends.”