Workplace technology company Xerox Holdings Corporation (NYSE: XRX) is to establish a $250m corporate venture capital fund in the coming months.
The vehicle will invest in startups and early and mid-stage growth companies aligned with the company’s innovation pillars and targeted adjacencies.
The fund will further enhance the company’s existing innovation ecosystem and drive growth through investment, commercial partnerships and co-development of new technologies.
Executive Vice President Louie Pastor, who has been appointed chief corporate development officer and chief legal officer, will lead the fund.
FinSMEs
01/02/2021