Samsung NEXT Launches $150M Venture Capital Fund

samsungnextSamsung NEXT (formerly Samsung Global Innovation Center) launched a $150m venture capital fund.

Samsung NEXT Fund aims to increase Samsung’s global support to early stage startups pursuing advanced software and services innovation via funding, resources and deep-domain expertise.

Led by David Eun, President and Founder, and and Brendon Kim, VP and Managing Director, Samsung NEXT Fund targets pre-Seed to Series B investments with a focus on:
– virtual reality,
– artificial intelligence,
– IoT and
– other new frontier technologies.

Companies that have received capital from the fund so far include:
– Converge Industries,
– Dashbot,
– Entry Point VR,
– Filament,
– Intezer,
– LiquidSky,
– Otto Radio,
– 2Sens,
– SafeDK, and
– Virtru.

Samsung NEXT, which currently has offices in Tel Aviv, Mountain View, New York, San Francisco and Korea, will open additional locations in 2017.



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