ComfortDelGro: To Set Up US$100 Million Corporate Venture Capital Fund.09 Nov 2018 17:25
ComfortDelGro Corporation Limited is setting up a US$100 million corporate venture capital fund to focus on incubation and investments in mobility technologies and solutions that complement the Group's land transport business whilst providing it with new strategic capabilities. Called ComfortDelGro Capital Partners, the fund will invest in technology start-ups that plug technology gaps, and address the impact of disruptive challenges to the Group's core land transport business. The global fund, which will be managed at arms-length basis with its own set of decision-making, approval and funding processes, will focus on next-generation mobility companies raising their seed stage Series A or Series B funding rounds...
Source: ShareInvestor Express