医療従事者の為の最新医療ニュースや様々な情報・ツールを提供する医療総合サイト

NTTVC Publicly Announces $500 Million Fund Created in Partnership with NTT

2020年10月26日 PM08:40
このエントリーをはてなブックマークに追加


 

PALO ALTO, Calif.

NTTVC today publicly announced its $500 million fund to help startups reach rapid global scale by harnessing the power of partnership. The independent venture capital firm was founded by entrepreneur and investor Vab Goel in collaboration with global technology service provider NTT. The firm is also announcing investments in five startups delivering impactful innovations for businesses and consumers: Celona, Eko, nference, Shoreline and UDP Labs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201026005262/en/

NTTVC Founding Partner Vab Goel and Partner Fay Hazaveh Costa (Photo: Business Wire)

NTTVC Founding Partner Vab Goel and Partner Fay Hazaveh Costa (Photo: Business Wire)

NTTVC invests broadly across all stages and sectors, with an emphasis on the future of enterprise, digital health and innovations powered by AI, machine learning and data. By combining the deep relationships of its investment team with the reach of NTT, the firm offers access to a robust network of industry experts, customers, entrepreneurs, business leaders, system integrators and service providers who can help startups make better decisions, more quickly.

NTT is a $109 billion, top five global technology service provider serving 75 million mobile subscribers, 3 million businesses and 120,000 enterprise customers with a local presence in over 80 countries. The company has a long history of embracing startups and helping them achieve global scale. By partnering with Goel to form a returns-driven venture capital fund, NTT deepens its commitment to building long-term relationships in the entrepreneurial ecosystem. In turn, NTTVC portfolio companies have the choice and opportunity to sell to, through and with NTT to help scale their businesses.

“Our mission is to use technology for good to solve social challenges for people, clients and communities,” said Jun Sawada, President and CEO of NTT Corporation. “We have always believed that the startup ecosystem is essential to delivering on that promise, which is why we chose to partner with NTTVC to fuel the next generation of world-changing technologies.”

Collectively, the NTTVC team has founded, advised, scaled and invested in over a hundred startups. Their drive for supporting entrepreneurs stems from their direct experiences as founders and venture capitalists. Prior to founding NTTVC, Goel was a Partner at Norwest Venture Partners for 19 years and helped build many of the foundational technologies of today’s Internet as an entrepreneur, venture capitalist and technologist. Partner Fay Hazaveh Costa worked closely with Goel at Norwest Venture Partners and previously helped launch Hewlett Packard Enterprise’s venture group. Mike Koenig, Portfolio Development Partner, is a seasoned sales and business development leader who was an early executive at two startups backed by Goel. Koenig supports NTTVC portfolio companies through impactful connections with the firm’s network.

“We are still in the early innings of a digital transformation that is affecting every industry and creating unprecedented opportunities for startups,” said Vab Goel. “We are passionate about teaming up with entrepreneurs through every phase of their journey to build impactful companies.”

“NTTVC offers entrepreneurs the best of both worlds: an independent and agile investment model coupled with the unique access to our global network,” said Fay Hazaveh Costa. “This powerful combination gives startups a true competitive advantage in scaling and realizing their vision.”

For more information read the firm’s blog post and visit nttvc.com.

About NTTVC

NTTVC is an independent venture capital firm formed in collaboration with NTT. Leveraging a unique partnership-focused strategy and deep industry network, NTTVC unlocks doors to relationships that can help startups reach global scale. With its $500M inaugural fund, the firm invests broadly in technology startups of all stages and sectors, with an emphasis on the future of enterprise, digital health and innovations powered by AI, machine learning and data. NTTVC is headquartered in Silicon Valley. Learn more at nttvc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005262/en/

CONTACT

Marisa Lam

GMK Communications for NTTVC

marisa@gmkcommunications.com

650.544.3350

Related Posts Plugin for WordPress, Blogger...

同じカテゴリーの記事 

  • Fitbit and JMDC Sign Agreement to Appoint JMDC as Exclusive Distributor of Fitbit Premium for Enterprise Customers in Japan
  • フィットビットとJMDC、法人向けFitbit Premiumの日本市場における独占販売契約を締結
  • メアリー・ケイがソロモン諸島でザ・ネイチャー・コンサーバンシーとウミガメ保護活動を支援し、持続可能なエコツーリズム活動を推進
  • 玫琳凯将携手大自然保护协会,在所罗门群岛支持海龟保护工作,并推广可持续发展生态旅游项目
  • 中智全球宣布新成立“五环顾问委员会”