Fubon Life Insurance commits $13m to Taiwania Capital’s latest fund

Photo: Reuters

Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has proposed to commit 400 million New Taiwan Dollars (about $13 million) to the latest vehicle of local venture capital firm Taiwania Capital.

In a regulatory filing, the insurer said its proposed commitment will give it about a 7% stake in the new fund, Taiwania Capital Buffalo Fund VI.

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