The BlackBerry Partners Fund has expanded its investment activities with the launch of a USD100m affiliate fund focused on mobile investment opportunities in China.
BlackBerry Partners Fund China is a new joint venture between China Broadband Capital Partners, a venture capital and private equity manager focused on media and communications investments in China since 2006, and BlackBerry Partners Fund.
The fund will invest exclusively in opportunities supporting the emerging mobile ecosystem in China, the world’s largest mobile market. It is expected to close on 31 August 2010.
"The BlackBerry platform offers tremendous opportunities for startups and other technology innovators to develop new value-added products and services for the mobile market," says Jim Balsillie, co-chief executive of Research In Motion. "We are very excited by the announcement of this new fund and we believe it will help fuel substantial innovation and commercial success within the mobile ecosystem in China."
"The launch of BlackBerry Partners Fund China will further extend the benefits of our partnership with Research In Motion and position us to take better advantage of attractive investments in one of the fastest growing mobile computing markets in the world," says Kevin Talbot co-managing partner of BlackBerry Partners Fund.
BlackBerry Partners Fund is an independent venture capital firm focused exclusively on mobile computing. The fund invests in companies that support the mobile ecosystem, including hardware and software to enable the mobile internet, mobile applications and mobile computing infrastructure.
