BSkyB has committed $8m to the digital media-focused micro venture firm, which is targeting a $40m close for its fund.
Media company BskyB has invested $8m in a fund being raised by US-based, digital media-focused venture capital firm Luminari Capital, entertainment news source Variety reported on Wednesday.
Luminari is targeting $40m from the fundraise, and has sourced capital from senior media executives, venture capitalists and high-net-worth individuals, managing partner Daniel Leff told Variety. Leff also detailed the investments made by Luminari since it was launched in early 2013.