Comcast Ventures

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Comcast Ventures
TypePrivate
IndustryPrivate equity
Founded1999; 23 years ago (1999)
Headquarters
San Francisco, California, California
,
U.S.
Key people
Amy Banse
(Head of Funds)
ParentComcast
Websitewww.comcastventures.com

Comcast Ventures was a corporate venture capital firm headquartered in San Francisco, California.[1]

History[]

In early 2011, Comcast and NBCUniversal combined their two venture arms, Comcast Interactive Capital founded in 1999 and the Peacock Fund, to form Comcast Ventures. [2]

In 2012, Comcast Ventures set up the Catalyst Fund with $20 million under management to invest in underrepresented entrepreneurs.[3] In January 2020, NBA Champion Andre Iguodala joined the Catalyst Fund as a Venture Partner.[4]

In November 2020, Comcast announced its venture arm would be folded into the corporate business division led by Sam Schwartz.[5] Between 2011 and 2020, Amy Banse was the Managing Director and Head of Funds.[6] The firm’s partners also included Gil Beyda, Andrew Cleland, Sam Landman, Dinesh Moorjani, Rick Prostko, Dave Zilberman, Daniel Gulati, and Kim Armor.[7]

Investments[]

Comcast has been ranked the 4th Corporate Startup Investor in the World. In the past six years up to 2017, the corporation had invested in 105 early-stage companies.[8] These companies include Away (luggage),[9] CloudPassage,[10] Dandelion Energy[11] FanDuel,[12] Quantifind,[13] Slack Technologies,[14] Vox Media,[15] Yieldmo,[16] and ZeroFox.[17]

References[]

  1. ^ Matt Rosoff (December 12, 2011). "Comcast Has A Huge New Venture Fund, And This Woman Is Running It". Business Insider. Retrieved December 2, 2018.
  2. ^ Matt Rosoff (December 12, 2011). "Comcast Has A Huge New Venture Fund, And This Woman Is Running It". Business Insider. Retrieved December 2, 2018.
  3. ^ Shona Ghosh (October 7, 2017). "Diversity is a massive problem in Silicon Valley — meet the fund backing minority entrepreneurs". Business Insider. Retrieved December 2, 2018.
  4. ^ Kevin Stankiewicz (February 14, 2020). "NBA champ and tech investor Andre Iguodala counts Zoom's triple since IPO as best investment". CNBC. Retrieved March 6, 2020.
  5. ^ Alex Sherman (November 13, 2020). "Comcast to fold Comcast Ventures into corporate business division, focus on strategic investment". CNBC. Retrieved June 23, 2021.
  6. ^ Matt Rosoff (December 12, 2011). "Comcast Has A Huge New Venture Fund, And This Woman Is Running It". Business Insider. Retrieved December 2, 2018.
  7. ^ Shona Ghosh (October 7, 2017). "Diversity is a massive problem in Silicon Valley — meet the fund backing underrepresented entrepreneurs". Business Insider. Retrieved December 2, 2018.
  8. ^ Weiss, Haley (2017-06-19). "Comcast Ranked 4th Top Corporate Startup Investor in the World". Philadelphia Magazine. Retrieved 2019-11-15.
  9. ^ Tanya Klich (June 28, 2018). "Luggage Startup Away Raises $50M In Series C And Hits Profitability Within Two Years". Forbes. Retrieved December 2, 2018.
  10. ^ "Most Active VC's in the XR Space". Retrieved 2019-11-22.
  11. ^ "Dandelion Energy Closes $16 Million Series A Round To Expand Geothermal Energy". CleanTechnica. 2019-02-15. Retrieved 2019-04-26.
  12. ^ Darren Heitner (January 30, 2013). "Fantasy Sports Service, FanDuel, Secures $11 Million Investment; Includes Money From Comcast Ventures". Forbes. Retrieved February 16, 2014.
  13. ^ Gina Hall (February 24, 2016). "Marketing insight platform Quantifind raises $30M and will double Menlo Park staff". Silicon Valley Business Journal. Retrieved December 2, 2018.
  14. ^ Katie Roof, Josh Constine (2015). "Slack is work chat's runaway train, raises $200M at $3.8B". Tech Crunch. Retrieved December 2, 2018.
  15. ^ staff (October 15, 2013). "Comcast Ventures-backed Vox Media Raises $34 Million". CityBizList Philadelphia. Archived from the original on February 22, 2014. Retrieved December 2, 2018.
  16. ^ "Gil Beyda - Comcast Ventures Managing Partner | Signal". Signal: where top founders find and get introduced to the right VCs. Retrieved 2019-11-27.
  17. ^ "ZeroFOX Secures $11M Series A Led by NEA to Combat Social Cyber Attacks". Wall Street Journal. 2014-04-30. ISSN 0099-9660. Retrieved 2019-11-29.

External links[]

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