The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.
Corporate venturers’ commitment, enthusiasm and sophistication make it unlikely large corporations that have embraced innovation will retreat from venture investing entirely in a time of crisis, Ping An Global Voyager Fund’s Donald Lacey told Global Corporate Venturing.
The $1bn Global Voyager Fund invests on behalf of China-based insurance group Ping An and has deployed approximately $250m over the past three years, mostly in the financial and healthcare technology sectors, in addition to new economy businesses with a strong tie-in to…
