Touchdown Ventures will manage Masco’s corporate venture capital fund in its latest win.
US-based home improvement products manufacturer Masco set up a $50m corporate venture capital fund yesterday that will be managed by Touchdown Ventures.
Masco Ventures said it would invest $500,000 to $5m in early and growth-stage companies targeting products and services that improve water management, create a connected home, enhance customer service and find ways to improve customer relationships.
Keith Allman, CEO at Masco, which owns the Delta Faucet, Behr Paint Company and Hansgrohe Group brands, said: “This fund will allow…
