# MS&AD Ventures: portfolio, investments and team

> MS&AD Ventures is a vc firm based in United States. 9 investments on record, 2 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ms-and-ad-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# MS&AD Ventures

Last cheque observed Mar 2026; 9 cheques on record.

Email

VC firm Deploying now

Pre-seed Seed Series A Insurtech Fintech AI

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Deploying now

**67%** of best year **2** **cheques in 12 months**, 9 on record

Since the last cheque **239** days **00** hrs **00** min **00** sec

Median round **$11M** Rounds led **2 of 9** Sole investor **1 rounds** Mostly in **United States, 67%**

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## MS&AD Ventures highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Growth: 60% of its rounds
- 03 Sole investor in 1 rounds, median $7.0M

## What they do

> MS&AD Ventures is a corporate venture capital firm set up by MS&AD Insurance Group Holdings as its affiliated company. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Insurtech Fintech AI
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2026** 2 rounds
- **Mar** **[Unreasonable Labs](https://millionrounds.com/company/unreasonable-labs)** Seed · US · Ventureburn **$14M** With 3 others
- **Feb** **[Sidekick](https://millionrounds.com/company/sidekick)** Series A · GB · Eos Venture Partners **$11M** With 12 others
- **2025** 2 rounds
- **Oct** **[Agio Ratings](https://millionrounds.com/company/agio-ratings)** GB · Ventureburn **$6.0M** With 2 others
- **Mar** **[Flex](https://millionrounds.com/company/flex)** Growth · US · TechCrunch **$25M** With 5 others
- **2019** 5 rounds
- **Dec** **[Lucideus Technologies](https://millionrounds.com/company/lucideus-technologies)** IN · YourStory **$7.0M** *Led*
- **Jul** **[Node](https://millionrounds.com/company/node)** US · FinSMEs **$16M** With 11 others
- **May** **[WorldCover](https://millionrounds.com/company/worldcover)** Series A · US · TechCrunch **$6.0M** *Led*
- **Feb** **[Socotra](https://millionrounds.com/company/socotra)** US · FinSMEs **$5.2M** With 2 others
- **Feb** **[CoverHound](https://millionrounds.com/company/coverhound)** Series D · US · FinSMEs **$58M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

MS&amp;AD HOLDINGS

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$11M** the round, not its cheque Alone, median **$7.0M**

Led 2 of 9 rounds **22%**

- **Sole investor:** 1 rounds
- **Last cheque:** Mar 2026

Rounds by stage said on their site

- Series A said *2*
- Growth *1*
- Seed said *1*
- Series D *1*
- Pre-seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies MS&AD Ventures put money into.

[**Unreasonable Labs** $14M · Mar 2026](https://millionrounds.com/company/unreasonable-labs)[**Sidekick** $11M · Feb 2026](https://millionrounds.com/company/sidekick)[**Agio Ratings** $6.0M · Oct 2025](https://millionrounds.com/company/agio-ratings)[**Node** $16M · Jul 2019](https://millionrounds.com/company/node)[**WorldCover** $6.0M · May 2019](https://millionrounds.com/company/worldcover)[**Socotra** $5.2M · Feb 2019](https://millionrounds.com/company/socotra)

## Quick answers about MS&AD Ventures

### What does MS&AD Ventures invest in?

MS&AD Ventures invests most often at Series A and Growth (60% of the rounds on record), in sectors such as Insurtech, Fintech and AI.

### How active is MS&AD Ventures?

9 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Mar 2026.

### What has MS&AD Ventures invested in recently?

Its most recent investments on record: Unreasonable Labs (Seed, Mar 2026), Sidekick (Series A, Feb 2026) and Agio Ratings (Oct 2025).

### How big are MS&AD Ventures's cheques?

The median round it joins is $11M.

### Does MS&AD Ventures lead rounds?

Yes: it led 2 of its 9 investments on record (22%).

### Where does MS&AD Ventures invest?

Most of the companies it backs are in the United States (67%), the United Kingdom (22%) and India (11%).

### Is MS&AD Ventures investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### What kind of investor is MS&AD Ventures?

MS&AD Ventures is a VC firm based in Menlo Park, United States.

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