Aviva has committed an additional £150 million to its tech-focused venture-capital fund as it announces the fund’s first investment.
The insurance company’s fund, Aviva Ventures, is designed to deliver returns through investments into early-stage businesses that bring Aviva new opportunities and insights into emerging technology and customer trends.
Aviva Ventures was established in 2016 with an initial investment of £100 million.
Aviva’s first investment will be in Scan.com – an organisation that provides technology which aims to help individuals and organisations book diagnostics scans such as MRI, ultrasounds and x-rays.
“The £150 million 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,” said Ben Luckett, chief innovation officer at Aviva. “Our investment in Scan.com is a statement of our intent – they are growing rapidly, have a unique customer proposition and are already leading the way on medical imaging services in the UK.”
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