Making the CinVC Stand for Corporate

摘要

Citi Ventures, Citigroup's corporate venture capital arm, has met with over 300 startups since it relocated its headquarters to Palo Alto, Calif., in March of last year. Debby Hopkins, who heads the operation, says the unit isn't like traditional VC firms that place bets on companies using money raised from outside investors. Instead, Citi Ventures is backed entirely by its parent. And it isn't investing purely for financial return but rather to keep up with the latest innovations that can bolster Citi's existing businesses. "[We're] looking for things that perhaps are adjacent to what we do today or maybe a little more of a stretch," says Hopkins.