The telecommunications company's newly formed Telefónica Tech Ventures will carry over nine portfolio companies and invest in 15 over the next three years.
Spain-based telecommunications firm Telefónica launched a cybersecurity-focused investment vehicle called Telefónica Tech Ventures yesterday.
Telefónica Tech Ventures expects to provide funding for 15 cybersecurity technology developers over the next three years, investing up to €6m ($7m) per deal at series A to C stage. Follow-on funding will be available for the better performing recipients.
The corporate already makes corporate venturing investments out of Telefónica Innovation Ventures and Wayra, the innovation hub that operates in both its home country and in…
