NTTVC, NTT US$500 million fund helps startups achieve rapid global scale

KUALA LUMPUR, Oct 27 -- An independent venture capital firm, NTTVC has publicly announced its US$500 million fund to help startups reach rapid global scale by harnessing the power of partnership. (US$1 = RM4.162)

The firm also announced investments in five startups, delivering impactful innovations for businesses and consumers - Celona, Eko, nference, Shoreline and UDP Labs.

According to a statement, NTTVC was founded by entrepreneur and investor, Vab Goel, in collaboration with global technology service provider, NTT.

NTTVC invests broadly across all stages and sectors, with emphasis on the future of enterprise, digital health and innovations powered by AI, machine learning and data.

By combining deep relationships of its investment team with NTT reach, the firm offers access to a robust network of industry experts, customers, entrepreneurs, business leaders, system integrators and service providers who can help startups make better decisions, more quickly.

By partnering with Goel to form a returns-driven venture capital fund, NTT deepens its commitment to building long-term relationships in the entrepreneurial ecosystem.

In turn, NTTVC portfolio companies have the choice and opportunity to sell to, through and with NTT to help scale their businesses.

-- BERNAMA