The e-commerce company has become the latest limited partner for IT-focused venture capital firm Jerusalem Venture Partners, committing $15m.
China-based e-commerce company Alibaba has become a limited partner in cybersecurity and storage-focused venture capital firm Jerusalem Venture Partners’ (JVP) seventh fund with a $15m investment, the Wall Street Journal reported yesterday.
Alibaba’s investment is reportedly centred on an interest in new data storage and network technologies that could help reduce its data centre costs.
Founded in 1993, JVP has more than $900m under management and has previously attracted China-based internet security software provider Qihoo 360 as a limited partner.
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