Cox Enterprises announced the launch of Socium Ventures, a new fund within the company focused on making venture investments in emerging growth businesses.
Socium Ventures will support every stage of its portfolio companies’ development, while building lasting relationships with founders and partners.
The fund is actively seeking future investment opportunities in the range of $3-$25 million for Series A and beyond.
Socium Ventures provides invested companies with an opportunity to leverage Cox’s infrastructure, including:
- Permanent capital from a single limited partner with a long-term time horizon and no specific liquidity timeline.
- Direct access to leaders who have strategic, operational and technical experience building markets from the ground up or scaling markets ready for innovation.
- An investment team with vast experience in public and private investing, including guiding notable companies to public exits from start to finish.
Socium Ventures will be led by managing partner Andrew Davis.
Led by Chairman and CEO Alex Taylor, Cox Enterprises a leader in the broadband, automotive and media industries, while strategically investing in emerging technologies driving the future of cleantech, health care, and public sector services. Its major operating subsidiaries are Cox Communications and Cox Automotive, which includes brands like Autotrader and Kelley Blue Book. Headquartered in Atlanta, Georgia, Cox is a global company with $22 billion in annual revenues.
FinSMEs
21/06/2023