The US publisher is also creating an angel network to help investors access deals.
US publisher Entrepreneur Media has formed a corporate venturing fund to target consumer, fast-moving consumer goods; business-to-business; and enterprise technology startups.
Dubbed Entrepreneur Ventures, the fund is led by general partners Danny Beckett and Jonathan Hung (pictured). It will invest up to $10m in between 150 and 200 companies at pre-seed stage.
Founded in 1977, Entrepreneur Media provides online and printed magazines specialising in entrepreneurship and small business management.
Headquartered in Los Angeles, Entrepreneur Ventures will have additional offices and partners across New York, San Francisco, Toronto and Grand Rapids.
Entrepreneur Media is also launching angel investor network Entrepreneur Venture Partners to help investors access Entrepreneur Ventures’ deal flow for co-investment opportunities. Startup founders will also receive mentoring, industry know-how and advice through the initiative.
“Our goal is to provide a hands-on approach, leveraging our network and expertise to help portfolio companies scale quickly and succeed in their respective markets,” Hung said in a statement.
“Integrating a media company, a fund and an accredited angel network to help drive sustainable venture growth is unparalleled,” Beckett added.
