MassMutual Ventures and Crane Venture Partners announce expanded partnership
A bold step forward: Crane to oversee $450 million in Europe and Asia-Pacific funds, strengthening global support for early-stage founders
BOSTON, LONDON and SINGAPORE, July 07, 2025 (GLOBE NEWSWIRE) -- MassMutual Ventures (MMV) and Crane Venture Partners announced today that they have entered into an agreement for Crane to administer MMV’s Europe and Asia-Pacific (APAC) funds, totaling $450 million and including 40 portfolio companies. MassMutual Ventures has been a minority investor in Crane since 2018 as well as an anchor investor in all Crane funds.
“This agreement marks the next evolution in MassMutual Ventures’ longstanding relationship with the Crane team that was established seven years ago,” said Doug Russell, Managing Director and Head of MassMutual Ventures. “Crane’s unwavering focus on founders and vast network and expertise will be invaluable for both current and future portfolio companies in Europe and APAC. We look forward to continuing to work with Crane in this new capacity, leveraging the strengths and capabilities of both of our organizations.”
MMV will continue to manage its existing portfolio of over 60 companies based in North America and Israel and invest in new companies through its Boston-based MMV US and MMV Climate Tech Fund teams.
“We’ve always believed that early conviction and long-term commitment are the keys to venture success. This expanded partnership is a massive vote of confidence in our approach—and in the founders we have and will continue to back,” said Krishna Visvanathan, Co-founder and Partner at Crane. “We’re proud to take the next step with MassMutual Ventures and build an even stronger bridge for global ambition across Europe and Asia-Pacific.”
As part of the transaction, which is expected to close later this year pending satisfactory completion of customary conditions, Crane Venture Partners will oversee all existing Europe and APAC investments as well as manage all new Europe and APAC investments, with MMV continuing to hold positions in all existing portfolio companies.
About MassMutual Ventures
MassMutual Ventures (MMV) is a multistage venture capital firm investing globally in financial technology, enterprise SaaS, healthtech, climate technology and cybersecurity companies. We help accelerate the growth of the companies we partner with by providing capital, connections and advice. With our deep expertise and extensive network, MMV helps entrepreneurs build compelling and scalable companies of value. For more information, visit www.massmutualventures.com.
About Crane Venture Partners
Crane makes high-conviction investments in foundational technologies at the earliest stages, backing ambitious founders from inception through seed. Our commitment extends beyond initial funding—we remain deeply involved as trusted partners, offering hands-on support through critical company-building moments and helping founders refine go-to-market strategies and scale globally.
Since 2015, we've backed category-defining companies across post-quantum security, robotics, infrastructure software, developer tools, and AI systems. With a global perspective spanning the UK, Europe, the US, Israel and Asia-Pacific, we help exceptional founders build companies that redefine what's possible. First to believe. Last to leave. For more, visit www.crane.vc
Media Contacts: MassMutual Ventures: Chelsea Haraty chelseaharaty@massmutual.com Crane Venture Partners: David Oro david@orogroup.com
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