Speaking of Corporate Venture Funding

Last week I wrote about pursuing angel and strategic investments from large corporations. Well, in case you hadn’t heard, I thought I’d pass along this tidbit, courtesy of Dan Primack’s Term Sheet,

Citi (as in Citi Group or Citi Bank) not only has a corporate venture fund, they’re trying to mirror the VC big boys. Citi has set up a venture funding office in Silicon Valley…and hired people from Battery Ventures and Menlo Ventures to help run it. This comes after they closed their venture fund (more of a PE fund) in Tokyo earlier this year due to poor deal flow and had significant turnover in their Citi Venture fund based in India.

Endgame: If Citi is your bank, they may be able to provide equity financing in addition to debt (bank loans)…or perhaps a hybrid of the two.

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About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
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