The fund has been backed by Jumana Capital, a single-family office also based in Houston, Texas.
Softeq Development, a US-based service provider, has raised $40m to launch its corporate venture capital fund.
The Softeq Venture Fund will back startups from the Softeq Venture Studio, an accelerator program. In 2020, the company launched the Softeq Innovation Lab before setting up the studio last year to help early-stage startups build their products and get follow-on funding.
The fund has been backed by Jumana Capital, a single-family office also based in Houston, Texas.
Chris Martin, managing director at Jumana…
