The real estate group terminated the activities of its corporate venture capital fund last year having backed six portfolio companies.
C31Ventures, the corporate venture capital arm of Singapore-based property developer CapitaLand, ceased operations in 2019, DealStreetAsia reported yesterday, citing two people familiar with the matter.
CapitaLand formed C31 Ventures in 2016 with approximately $74m of capital, of which roughly 20% had been deployed. The unit had disclosed six direct investments including e-commerce consultancy Ace Turtle, retail sampling service B8ta and Chope, the operator of a restaurant booking management app.
C31’s portfolio also featured retail data technology…
