Simon Venture Group Launched To Invest In Retail Innovation
- J. Skyler Fernandes to Lead Investment Efforts -
INDIANAPOLIS, March 20, 2014
INDIANAPOLIS, March 20, 2014 /PRNewswire/ --Simon Property Group, Inc.
(NYSE:SPG), a global leader in retail real estate, announced today the launch
of a new, dedicated Simon Venture Group. This new business will invest in
retail innovation, focusing on opportunities that enhance the shopping
Simon Venture Group will be investing across stages from early-stage to
high-growth technology companies, making Seed to Series C+ investments and
focusing on both direct and indirect strategic investment opportunities.
Mikael Thygesen, Chief Marketing Officer of Simon Property Group said, "We
believe we have only scratched the surface on applying technology to the
retail environment in innovative, interesting ways."
The new Simon Venture Group will be led by J. Skyler Fernandes, who will be
responsible for identifying, evaluating, and making investments. Fernandes was
previously a partner at Centripetal Capital Partners, a multi-stage venture
capital fund, where he concentrated on consumer Internet, retail, and
high-tech with commercial applications. He is also the founder of One Match
Ventures, a seed fund focused on consumer Internet and high-tech companies.
Fernandes gave the first TED Talk on Venture Capital, entitled "Innovating the
Financing of Innovation," and leads a number of global initiatives, including
the Missing Middle Initiative, launched at the World Economic Forum in Davos,
which is focused on creating funds that invest $100,000to $3 million.
"We're excited to add Skyler to the team and look forward to his active
engagement with the venture capital and start-up community to capitalize on
opportunities that will yield benefits for our consumers and our retailers,"
About Simon Property Group
Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and a global
leader in the retail real estate industry. We currently own or have an
interest in more than 325 retail real estate properties in North America, Asia
and Europe comprising approximately 243 million square feet. We are
headquartered in Indianapolis, Indiana and employ approximately 5,500 people
in the U.S. For more information, visit simon.com
SOURCE Simon Property Group, Inc.
Contact: Les Morris, Simon Property Group, (317) 263-7711, firstname.lastname@example.org
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