TIAA Ventures Pursues Strategic Investments to Secure and Reinvent Retirement

TIAA Ventures will drive innovation at TIAA by investing in category-defining startups, funds, and companies with the potential to revolutionize financial and retirement services.

TIAA launched TIAA Ventures, a strategic venture capital (VC) investment program operating within TIAA that will identify and invest in innovative startups, funds, and companies to transform and strengthen how TIAA operates. By engaging key partners, founders, and financial services stakeholders, TIAA Ventures’ investments can expand access to retirement security and financial wellbeing.

TIAA Ventures is led by Chief Investment Officer Wayne Baker who joined TIAA from Credit Suisse where he provided venture capital coverage for technology funds and startups. His more than 25 years’ experience includes a decade at Citi and Credit Suisse, and Goldman Sachs where he began his career.

TIAA Ventures invests across startups in retirement, AI & machine learning, enterprise software, insurtech, and fintech aligned with TIAA’s mission to provide more Americans a dignified, financially secure retirement.

“TIAA Ventures allows us to invest in disruptive ideas and products that can ultimately create safer and more secure paths forward for those nearing or already in retirement,” said Baker. “Today’s state of retirement and lack of preparedness across U.S. households calls for innovative solutions that increase opportunities for Americans to retire with financial dignity after a lifetime of hard work. We are focused on identifying solutions to address persistent retirement inequalities and savings gaps and investing in those ideas that can get us there faster.”

TIAA is the leader in lifetime income whose mission it is to provide secure retirements to millions of Americans with the assurance of a retirement paycheck that lasts for life. Forty percent of U.S. households risk running out of their retirement savings, impacting their quality of life in retirement. TIAA Ventures’ strategic investments and pursual of comprehensive partnerships will bolster TIAA’s operations as it reinvents retirement and continues to deliver on its mission to lead in lifetime income and provide secure retirements.