Outdoor advertising firm Focus Media plans to launch four $75m corporate venturing partnerships to invest in internet, technology, entertainment, education and travel technology.
China-headquartered outdoor advertising company Focus Media intends to form four separate investment funds, each of which will be sized at up to RMB500m ($75m), China Money Network reported today.
Focus will establish each of the funds in partnership with an institutional investor, including a unit of venture capital and private equity firm Zero2IPO, and VC firm Fortune Venture Capital. The corporate will provide a maximum of half the capital for each one.
The funds will target startups operating in the…