Media group Disney is understood to have scaled back its financial commitment to its corporate venturing affiliate, Steamboat Ventures, after strong performance in its portfolio caused the fund to be closed relatively early.
Disney is understood to be providing $42.5m to Steamboat’s fifth fund, instead of an expected $75m reported by news provider Fortune in January last year.
This is 50% of the Steamboat Fund V’s total, after the firm filed with US regulators last month that it had raised…
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