Deals
BlackBerry Fund Raises $150 Million to Invest in App Startups
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ATP Capital, manager of the BlackBerry Partners Fund, raised $150 million for a new fund to invest in startups that develop applications for a range of mobile-phone platforms.
“We have been agnostic from day one,” Co-Managing Partner Kevin Talbot said yesterday in a phone interview. That means investing in early-stage businesses based on Apple Inc.’s iOS operating system and Google Inc.’s Android platform as well as Research In Motion Ltd.’s BlackBerry. “If you look at our portfolio, you’ll see far more broad horizontal plays. That’s how you build big companies.”