Comcast Ventures was a corporate

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm headquartered in

San Francisco, California San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

History

In early 2011,

Comcast Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),Before the AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corpora ...

and

NBCUniversal NBCUniversal Media, LLC is an American multinational mass media and entertainment conglomerate corporation owned by Comcast and headquartered at 30 Rockefeller Plaza in Midtown Manhattan, New York City, United States. NBCUniversal is primari ...

combined their two venture arms, Comcast Interactive Capital founded in 1999 and the Peacock Fund, to form Comcast Ventures. In 2012, Comcast Ventures set up the Catalyst Fund with $20 million under management to invest in underrepresented entrepreneurs. In January 2020, NBA Champion

Andre Iguodala Andre Tyler Iguodala ( ; born January 28, 1984) is an American professional basketball player who plays for the Golden State Warriors of the National Basketball Association (NBA). The swingman was an NBA All-Star in 2012 and has been named to t ...

joined the Catalyst Fund as a Venture Partner. In November 2020, Comcast announced its venture arm would be folded into the corporate business division led by Sam Schwartz. Between 2011 and 2020,

Amy Banse Amy L. Banse (born April 22, 1959) was the Managing Director and Head of Funds for Comcast Ventures, Senior Vice President of Comcast Corporation, and serves on the board of directors at Adobe Systems Incorporated, Clorox, and Lennar. Education B ...

was the Managing Director and Head of Funds. The firm’s partners also included Gil Beyda, Andrew Cleland, Sam Landman, Dinesh Moorjani, Rick Prostko, Dave Zilberman, Daniel Gulati, and Kim Armor.

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. These companies include

Away (luggage) Away is an American luggage and travel accessories retailer. Away is based in New York City. Jen Rubio and Steph Korey started Away in 2015. The company has raised $31 million in financing. It is one of the highest funded female-backed startups. ...

CloudPassage CloudPassage is a company that provides an automation platform, delivered via software as a service, that improves security for private, public, and hybrid cloud computing environments. CloudPassage is headquartered in San Francisco. History Clo ...

Dandelion Energy Dandelion is an American geothermal heating supplier in the Northeast United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America ...

FanDuel FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as ...

, Quantifind,

Slack Technologies Slack Technologies, LLC is an American software company founded in 2009 in Vancouver, British Columbia, known for its proprietary communication platform Slack. Outside its headquarters in San Francisco, California, Slack operates offices in D ...

Vox Media Vox Media, Inc. is an American mass media company based in Washington, D.C., and New York City. The company was established in November 2011 by Jim Bankoff and Trei Brundrett to encompass ''SB Nation'' (a sports blog network founded in 2005 by ...

, Yieldmo, and ZeroFox.

References

External links

Comcast Ventures website
{{Comcast Financial services companies established in 1999 Venture capital firms of the United States Companies based in San Francisco Comcast subsidiaries 1999 establishments in California