Sector Focus: IT
IT and technology sector corporate venturing units have been busy during the year to date. The merger of online messaging company Kakao, backed by internet companies Tencent and CyberAgent, with internet portal Daum Communications was by far the biggest deal, worth $9.4bn, making it a lucrative exit for the corporate backers.
The past year was also one of big changes, particularly at internet company Google’s corporate venturing arm, Google Ventures, where a flurry of talented people came and went.
Rahul Sood…
