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Tuesday, February 5, 2013

Samsung Sets Up Shop on Sand Hill Road, Launches $1.1 Billion in Venture Funds

Samsung Sets Up Shop on Sand Hill Road, Launches $1.1 Billion in Venture Funds

"Samsung Electronics said on Monday that it is launching two venture funds worth a total of $1.1 billion as well as a strategy and innovation center on Menlo Park’s Sand Hill Road.
A $100 millon Samsung Catalyst Fund will focus on early-stage companies while a $1 billion Samsung Ventures America Fund will target companies of all sizes.
In addition to the Menlo Park office, the Samsung Strategy and Innovation Center will have offices in Korea and Israel and be led by Samsung Electronics’ newly installed president and chief strategy officer, Young Sohn."

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