Nationwide is making a venture-capital investment in BlueVine, a company that provides online working capital financing for small- and medium-sized businesses.
“As the number-one small-business insurer in the US, Nationwide has a deep and enduring commitment to small-business owners,” said Erik Ross, head of the company’s venture capital team. “This investment aligns with our mission to help business owners protect what’s most important and plan for a secure financial future.”
BlueVine is the latest company to receive support from Nationwide’s venture capital arm, which has also made investments in start-ups like Blooom, Nexar, Sure, Matic and Betterview – all of which focus on the insurance and financial-planning process.
“As Nationwide nears its 100-year anniversary, we have a tremendous opportunity to help our members in ways they’ve never imagined,” said Scott Sanchez, Nationwide’s chief innovation officer.
