Chinese insurer Ping An Group is combining profit and growth potential in venture capital investments through a designated fund.
The latest example was announced Monday September 16 with an investment in Joonko, a new digital financial portal with an initial focus on insurance technology insurtech. The portal operates via finleap, a European fintech ecosystem in which Ping An has also invested.
Both of these investments were made through Ping An Global Voyager Fund GVF, a Hong Kong-based $1 billion global investment vehicle focused on growth stage insurtech, fintech and healthtech ventures. The fund typically invests between $15 million and $50 million in businesses where an...
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