The exchange operator's Nasdaq Ventures unit will invest less than $1m up to $10m in strategically relevant companies from seed to late stage.
US-based stock exchange operator and financial technology provider Nasdaq launched a corporate venturing vehicle called Nasdaq Ventures on Wednesday to strategically invest in and collaborate with startups.
Nasdaq Ventures will be headed by Gary Offner, who was a managing director for Morgan Stanley’s equity division for more than three years up to early 2016 as part of a 10-year stint at the investment bank.
Nasdaq’s formation of the fund comes as part of an investment initiative it said began unofficially…
