Steamboat Ventures and IDG Ventures consider expanding from US and Asia into Europe.
Media companies Disney and International Data Group (IDG) are considering expanding their venture operations into Europe.
John Ball, founder and a managing director at Disney’s Steamboat Ventures, said he was considering opening an office in Europe following the firm’s success in Asia.
Steamboat raised a $150m fund in China in 2006 and has $600m under management.
Patrick McGovern, founder and chairman of IDG, said it was considering expanding its IDG Ventures unit in eastern Europe and/or Brazil. IDG usually selects…
