About Northwestern Mutual Future Ventures
Northwestern Mutual Future Ventures is a venture capital firm founded in 2017. It is primarily based out of Milwaukee, United States. As of Jan 2026, Northwestern Mutual Future Ventures is an active investor, having invested in 13 companies, with 3 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Life Sciences. Most recently it participated in the $***** Seed round of ORO Impact Overall, Northwestern Mutual Future Ventures portfolio has seen 1 unicorn and 4 acquisitions including key companies like Amino, Learnvest and Gabi. A lot of funds co-invest with Northwestern Mutual Future Ventures, with names like Zelkova Ventures sharing a substantial percentage of its portfolio. Northwestern Mutual Future Ventures has team of 5 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Seed & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Northwestern Mutual Future Ventures' List of Top Investments
Northwestern Mutual Future Ventures has a portfolio of 13 companies, one of which is a Unicorn. Their most notable investmentis in LadderTheir portfolio spans across United States and Ukraine. They have invested in Enterprise Applications, FinTech, Life Sciences and 6 other sectors, across stages such as Series B, Seed and 2 more. Here is the list of top investments by Northwestern Mutual Future Ventures:
1. Betterment
Betterment is an app-based automated investment and retirement planning platform. It provides tools for spending, saving, and developing customised plans for the future. Users focus on investing in ETFs and cash reserves for long-term financial goals. the app is available for Android and iOS platform.
Key facts about Betterment
- Founded Year: 2010
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $335M
- Employee Count: 524 as on Dec 31, 2024
- Investors: SeedFord Partners, Odenn Ventures and 42 Others
- Latest Funding Round: Conventional Debt, Sep 29, 2021, $*****
- Highlight: Editors' Pick
2. Ocient
Provider of a big data analytics platform. It enables users to capture big data from different data sources and store data in the form of terabytes and petabytes. It allows users to analyze big data and helps organizations and individuals to improve business performance.
Key facts about Ocient
- Founded Year: 2016
- Location: Chicago (United States)
- Stage: Series B
- Total Funding till date: $203M
- Employee Count: 140 as on Dec 31, 2022
- Investors: Zelkova Ventures, Greycroft and 26 Others
- Latest Funding Round: Series B, Apr 22, 2025, $*****
- Highlight: Editors' Pick
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Provider of an online marketplace for education loan refinancing. It provides refinancing solutions for student loans and financial education for medical residents and fellows. Students enter the required details and supporting loan documents on the platform to check their eligibility for loans. The eligible students get approved for a new loan and the company pays off the old loans. Students can pay a minimum amount per month during the residency and fellowship training periods. Also provides a loan assessment tool, that enables the student to calculate the savings over the life of the loan, payments, and total cost of the loan.
Key facts about Splash Financial
- Founded Year: 2013
- Location: Cleveland (United States)
- Stage: Series C
- Total Funding till date: $149M
- Employee Count: 68 as on Dec 31, 2022
- Investors: Citi Ventures, Northwestern Mutual and 9 Others
- Latest Funding Round: Series C, Sep 02, 2025, $*****
- Highlight: Editors' Pick
4. Amino
Web based platform for finding doctors, estimating healthcare costs, and scheduling appointments. It uses proprietary algorithms and data analytics to rank the healthcare providers based on users requirements and to estimate healthcare costs. For booking an appointment, the user has to register on the platform and once the doctor is selected, the company connects an Amino assistant. The assistant contacts the user based via text or email and fixes an appointment with the chosen doctor. It is a subscription based program for employees to help them in making informed decisions.
Key facts about Amino
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $111M
- Employee Count: 17 as on Dec 31, 2024
- Investors: Transformation Capital, Owl Capital Group and 15 Others
- Latest Funding Round: Series D, May 22, 2024, $*****
- Highlight: Acquired
5. Alkymi
Developer of enterprise data digitization and analytics solutions. It provides users with a platform that allows users to collect enterprise unstructured information and process that to structured data, manage capital market firms data, business transactions and risks and capture business documents. It also enables users to analyze and provides insights related to credits and loans, manages contracts and helps to manage assets and build reports.
Key facts about Alkymi
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $26M
- Employee Count: 41 as on Jul 01, 2024
- Investors: Work-Bench, Northwestern Mutual Future Ventures and 7 Others
- Latest Funding Round: Series B, Aug 07, 2025, $*****
- Highlight: Editors' Pick
Northwestern Mutual Future Ventures' Year-on-Year Investment Trends
Northwestern Mutual Future Ventures has invested in 13 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 2 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in ORO Impact.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
2017 | 2 | 0 | 2 |
Northwestern Mutual Future Ventures' Investments by Stage
Northwestern Mutual Future Ventures has made 4 investments in Series B stage with an average round size of $32.1M, 2 investments in Seed stage with an average round size of $3.45M, 2 investments in Series A stage with an average round size of $6M and 1 investment in Series C stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Series B | 4 |
Seed | 2 |
Series A | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Northwestern Mutual Future Ventures' Investments by Sector
Northwestern Mutual Future Ventures has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, InsurTech, Financial Services and Business Services. Notably, it has invested in 11 Tech companies, 8 Software companies, 7 Consumer (B2C) companies and at least 5 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
FinTech | 6 |
Enterprise Applications | 3 |
InsurTech | 3 |
Financial Services | 2 |
Business Services | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Northwestern Mutual Future Ventures' Investments by Geography
Northwestern Mutual Future Ventures has made most investments in United States (7), followed by Ukraine where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 7 |
Ukraine | 1 |
Note: We have considered here, only first round of investments
Northwestern Mutual Future Ventures' recent investments
Northwestern Mutual Future Ventures has made 1 investments in 2026 so far - ORO Impact.Here are the most recent investments by Northwestern Mutual Future Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 28, 2026 | - | Seed | 8125 | [+1] | |
Aug 07, 2025 | United States | Series B | 7227 | [+2] | |
Apr 22, 2025 | United States | Series B | 5085 | [+4] | |
Jun 17, 2021 | United States | Series B | 4143 | ||
Jan 25, 2021 | Ukraine | Seed | 6635 | [+11] |
Unicorns in Northwestern Mutual Future Ventures' Portfolio
Northwestern Mutual Future Ventures has 1 unicorn in its portfolio - Betterment. The most recent unicorn in their portfolio is Betterment which became a unicorn in 2021, 4 years before Northwestern Mutual Future Ventures first invested in it.Here is a list of unicorns in Northwestern Mutual Future Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
80 | App-based automated investment and retirement planning platform | 2010 | New York City | Series F | iemmjgy |
Acquired companies in Northwestern Mutual Future Ventures' Portfolio
4 companies from Northwestern Mutual Future Ventures' portfolio have been acquired. The most recent acquisition was Amino in Jun 2025 by Capital Rx for $*****.Here are Northwestern Mutual Future Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 11, 2025 | Apr 03, 2017 | Series C | 7834 | |
Nov 22, 2021 | Feb 21, 2018 | Series A | 9448 | |
Jul 06, 2020 | Jun 12, 2017 | Series A | 4002 | |
Mar 25, 2015 | - | - | 9827 |
Team profile of Northwestern Mutual Future Ventures
Northwestern Mutual Future Ventures has a team of 5 members including 1 Partner and 1 Principal located in United States. Northwestern Mutual Future Ventures' team does not sit on the board of any company as of now.Co-investors of Northwestern Mutual Future Ventures
Over the past 9 years, 106 investors have co-invested in Northwestern Mutual Future Ventures's portfolio companies. This includes funds and angels.
- Invested before Northwestern Mutual Future Ventures: Canaan, OCA Ventures and 35 others have invested in rounds before Northwestern Mutual Future Ventures. There are 2 companies where Canaan has invested before Northwestern Mutual Future Ventures and 1 company where OCA Ventures has invested before Northwestern Mutual Future Ventures.
- Top Co-investors of Northwestern Mutual Future Ventures: 36 investors entered a company along with Northwestern Mutual Future Ventures. These include investors like Zelkova Ventures (2 companies).
- Invested after Northwestern Mutual Future Ventures: A total of 33 investors have invested in Northwestern Mutual Future Ventures's portfolio after their investments. Top Investors include Northwestern Mutual (3 companies), Grand Oak Capital (1 company) and First Technology Federal Credit Union (1 company).
Recent News related to Northwestern Mutual Future Ventures
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USA Trust & Will Raises Over $25M in Series C FundingFinSMEs•Mar 11, 2025•Trust and Will, Moderne Ventures, FT Partners, Northwestern Mutual Future Ventures and 3 others
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Trust & Will Raises $15M To Bring Estate Planning To Every Family In AmericaLinkedIn•Nov 17, 2020•Trust and Will, Jackson Square Ventures, Northwestern Mutual Future Ventures, AAR Partners and 3 others
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Mountain Raises $1.5 Million in Seed FundingPR Newswire•Jul 29, 2020•Matchstick Ventures, , Northwestern Mutual Future Ventures, Techstars and 4 others
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Gabi raises $27 million to disrupt consumer insurance and automate paperworkVentureBeat•Jan 29, 2020•Gabi, Mubadala, Canvas Ventures, Northwestern Mutual Future Ventures and 10 others
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