International Data Group Inc. is continuing its global venture-capital push with the launch of a new India fund, while also taking a deeper look at Korea and Eastern Europe.
The Boston-based technology media publisher houses a network of venture capital affiliates in Boston, San Francisco, China and Vietnam, through its IDG Ventures arm. Its latest venture is opening the doors in Bangalore, where it will meet stiff competition from several U.S. firms eager to tap India’s vast potential.
In an interview with VentureWire, IDG founder and Chairman Patrick McGovern said his company dedicated $150 million to IDG Ventures India Fund I in July to invest in a variety of early-stage technology companies. The fund plans to begin investing in October. (Source: VentureWire)