The audiobook provider is among the limited partners of a fund that will invest in New Jersey-based startups alongside an accelerator programme.
Audiobook publisher Audible and financial services provider Prudential Financial have made anchor investments in newly launched venture capital fund Newark Venture Partners, the Wall Street Journal reported yesterday.
Newark Venture Fund will focus on investing in startups based in Newark, New Jersey, and is aiming to raise $50m in capital. It has secured approximately half that sum so far, but will not be accepting public investment.
Newark Venture Accelerator, a sister programme to Newark Venture Fund, will meanwhile welcome startups…
