We are uniquely skilled to collaborate with corporations and look forward to helping leading companies build successful venture programs and strong reputations as investors." Lenet, president of Touchdown Ventures, says: "We formed Touchdown to leverage our team's network and direct industry expertise in managing every aspect of a company’s venture capital investment program. ![]() The firm's three co-founders collectively have over 30 years of venture capital experience, including funding over 75 companies. Lenet is a co-founder and managing partner of DFJ Frontier, a Los Angeles-based venture capital fund that is a member of the DFJ Global Network. Grant was formerly an investor at Comcast Ventures and, prior to that, a key member of the strategy and business development teams at Comcast Corporation and Sony Pictures. ![]() In addition to Horowitz, Touchdown Ventures was founded by Scott Lenet and Richard Grant, successful investors with deep experience in every facet of the venture capital business. In the first nine months of the year, 160 corporations have invested more than USD3 billion in over 560 venture capital deals, representing 9.3% of total venture dollars invested and 17.7% of all venture deals, according to statistics published by PricewaterhouseCoopers and the National Venture Capital Association. Touchdown looks forward to partnering with these firms and helping them build successful track records in the venture capital space." “Corporations also have the distinct experience and resources to assist startups, while identifying new products and services for customers. “US corporations have USD2 trillion on their balance sheets and are increasingly looking to put this capital to use by supporting new and innovative ventures,” says David Horowitz, CEO of Touchdown Ventures and former managing director of Comcast Ventures, the successful corporate venture arm of Comcast Corporation. Apollo Education Ventures, LLC, the newly formed venture capital platform of Apollo Education Group APOL, -0.12% is among the firm’s initial partners. We believe that Colorcon Ventures, through close association to the senior executive and business units of Colorcon, is well poised to accomplish this goal.The firm, founded by investment professionals from Comcast Ventures and DFJ Frontier, will initially partner with companies seeking to invest in education, human capital, digital media, entertainment, and retail-focused startups. A successful corporate investor can generate meaningful value by facilitating commercial relationships with its portfolio companies. Touchdown will work closely with senior executives of Colorcon in all aspects of operating the fund.ĭavid Horowitz, chief executive officer, Touchdown, said, “The promise of corporate venture capital is to bring more than just money to the table. Touchdown Ventures, a firm specializing in corporate venture capital, will help manage the Colorcon Ventures fund. “Colorcon has a rich history of innovation and we believe this fund will allow us to continue to serve our customers by partnering with startups.” ![]() “We are excited to launch this venture fund to support the growth of startup companies in the pharmaceutical and healthcare industries,” said Martti Hedman, chief executive officer, Colorcon. Colorcon Ventures will invest in startups where Colorcon can add value in the form of subject matter expertise or commercial relationships, and leverage Colorcon’s global reach, relationships within the pharmaceutical industry, and agile R&D approach. The fund will be stage-agnostic, with an emphasis on early and mid-stage companies that demonstrate product market fit and revenue growth. The fund is not investing in companies developing active ingredients or molecules. The fund will target investments in transformational solutions across manufacturing, supply chain, and delivery of pharmaceutical products and services. ![]() Colorcon’s business focus is on advanced coating systems, modified release technologies and functional excipients for use in pharmaceutical immediate and modified release dosage forms.Ĭolorcon Ventures is a $50 million venture fund focused on startups that are strategically relevant to the core Colorcon business. Colorcon, a provider of development, supply and technical support of specialty products for the pharmaceutical industry, has established Colorcon Ventures to invest in promising companies in the pharmaceutical industry.
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