Steamboat Ventures raises the fund after seeking third party money for the first time, and it is understood it won backing from a combination of strategic and institutional investors.
Steamboat Ventures, the corporate venturing unit of Disney, has raised $85m securing investments from 13 investors, according to a filing with the Securities and Exchange Commission.
The firm was reported as looking to raise between $200m and $250m for the fund, in January, news provider Fortune reported. Fortune said at the time the fund would receive a $75m investment from Disney. This is the first time the fund has sought third party money.
It is understood the company raised…
