The unit, which oversees a portfolio including NextDoor, Pony.ai, Bird and Hippo, will operate as part of Comcast's business development division.
US-headquartered mass media group Comcast is bringing corporate venturing unit Comcast Ventures into its business development division and readjusting its focus to strategic investments, CNBC reported on Friday.
The unit will be overseen by Sam Schwartz, Comcast’s chief business development officer, according to people familiar with the matter.
Comcast Ventures was launched in 1999 as Comcast Interactive Capital and has had a relatively diverse focus, investing across the consumer, enterprise and frontier technology sectors.
The unit’s current iteration came through…
