Comcast’s sorting out of what to do with its NBCUniversal assets goes beyond the TV and film units. Today, the company announced that it is combining its venture capital affiliate Comcast Interactive Capital with Peacock Equity Fund, the onetime VC affiliate of NBCU and GE. The new entity, Comcast Ventures, will manage a combined portfolio of about $750 million as it seeks to “invest in early-to-late stage businesses that represent the next generation of entertainment, communications and digital technology.” Comcast Interactive Media president Amy Banse has been appointed Managing Director and Head of Funds, reporting to Comcast CFO Michael Angelakis. She will be based in San Francisco, where she will focus on sectors including digital media, e-commerce and entertainment. “Technology is changing the way the world communicates, creates and consumes,” Comcast chairman and CEO Brian Roberts said. “We are excited by the future and want to partner with the entrepreneurs who are driving that change. Amy is an innovator at heart, having launched many businesses within Comcast. I am confident that Comcast Ventures will flourish under her skillful leadership.”
Comcast Combines Venture Capital Groups
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