The latest news in funds and investments from across Asia.

US-based MassMutual Ventures has launched a second fund of $100 million for Southeast Asia, bringing its total capital under management to $350 million across four funds.

A year after establishing MassMutual Ventures Southeast Asia, the Singapore-based team will continue its strategy of investing in early- and growth-stage companies in the digital health, financial technology and enterprise software sectors.

With the addition of this second fund for MMV SEA, provided by parent company Massachusetts Mutual Life Insurance Company, MMV’s overall investment capital is now more than triple in size since it was established over five years ago. In addition to investing in companies in the Southeast Asia region, MMV SEA will widen its investment reach by seeking opportunities in Hong Kong, India, Australia, and New Zealand.

Since launching in 2014, MMV has backed nearly 40 companies in North America, Europe, Israel, and Southeast Asia. Seven of those companies are part of MMV SEA’s current portfolio.