MassMutual Ventures to lose APAC, Europe heads

With additional reporting by Melissa Goh.

MassMutual Ventures (MMV) managing partners Ryan Collins and Anvesh Ramineni, who oversee the US-based VC firm’s investments in Europe and Asia Pacific (APAC), will be leaving the company in the second quarter of 2025, Tech in Asia has learned.

Its portfolio companies were informed of the departures via email this week.

From right: MMV APAC & Europe managing partners Ryan Collins and Anvesh Ramineni, with principal Carlos Jo Loo. / Photo credit: MassMutual Ventures

Douglas Russell, managing partner and head of MassMutual Ventures, will be assuming overall leadership of the VC firm’s operations in Europe and APAC, with support from principals Alix Brunet and Carlos Jo-Loo, Tech in Asia understands.

Collins and Ramineni were part of a team that launched MMV Southeast Asia in Singapore seven years ago. Together, they invested in over 40 companies, including fintech firm Aspire, insurtech platform Qoala, biotech startup Biofourmis, and equity management firm Qapita. They also manage some US$450 million in assets across three funds.

While Collins and Ramineni’s team initially focused on Southeast Asia, it expanded its coverage over the years to include other Asia-Pacific markets like India, Hong Kong, Australia, and New Zealand. They also extended their reach to Europe.

Tech in Asia has reached out to the two executives.

Several VC firms operating in Southeast Asia seem to be downsizing their teams amid the ongoing tech downturn and limited exit opportunities.

Earlier this week, two senior partners from Peak XV – one of which was Abheek Anand, who co-led the company’s Southeast Asia operations – said they were departing from the VC firm. The move followed a decision by Peak XV to reduce its fund size and lower management fees.

Within Europe and APAC, MMV’s investments have been focused on late-seed to series B startups in the digital health, fintech, enterprise software, climate software, and Web3 spaces.

One of the team’s exits was Neat, a cross-border platform it invested in 2020, which was acquired by fintech firm Rapyd in December 2021.

Collins, a former Goldman Sachs executive, sits on the boards of Aspire and Qoala, among others, as per his LinkedIn profile. Ramineni, who was formerly the head of investments at Openspace Ventures, is on the boards of Biofourmis and Qapita.

Tech in Asia understands that deliberations were made by MassMutual to spin out or sell its Europe and APAC arm at the end of 2024. We were unable to confirm if a transaction took place.