Sovereign Wealth Funds Back Disruptive Venture Capital Investments
Revealed recently was Qatar Investment Authority’s (QIA) investment in San Francisco-based Uber, an app-based transportation network and taxi company. Joining the QIA as investors were venture capital firms and Chinese search engine Baidu. Uber was formed in 2009 by Travis Kalanick and Garrett Camp. In another venture capital play, the gulf-based sovereign wealth fund has taken a US$ 150 million stake in e-commerce startup Flipkart, which closed a US$ 700 million round on December 17th. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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