Thursday, January 28, 2016
Steamboat Ventures Seeks New $100M Fund
Steamboat Ventures, the venture capital firm linked to The Walt Disney Company, is seeking to raised $100M for its latest fund, Steamboat Ventures V. The investment firm--which once was located in Burbank--has shifted its operations to Hong Kong, and now looks to be focusing strongly on overseas rather than domestic investments. Steamboat's US portfolio has included such local companies as Edgecast, GameSalad, GoPro, Sometrics, and Fastclick; however, the vast majority of its efforts now appear to be in Asia. The last, Southern California investment by Steamboat looks to have been in Edgecast back in 2013.