NTTVC has announced a massive $500 million fund to help startups scale on the global stage. The VC firm was founded by Vab Goel in association with NTT last year. NTTVC has so far invested in all stages and sectors with a special focus on the future of enterprise, digital health and innovations powered by AI, machine learning and data.
“I’m excited to publicly announce the launch of NTTVC and our first $500M fund. Our vision is to harness the power of partnership to offer entrepreneurs a unique model for scaling their companies,” wrote Vab Goel, NTTVC Founder on the company blog. NTTVC provides access to a network of industry experts, customers, entrepreneurs, business leaders, system integrators and service providers who help startups make better decisions.
Goel further said that the new fund will provide a high level of personal attention to every portfolio company. The fund will look to invest in any stage and support growth of startups with follow-on capital.
Jun Sawada, President and CEO of NTT Corporation. “We have always believed that the startup ecosystem is essential to delivering on that promise, which is why we chose to partner with NTTVC to fuel the next generation of world-changing technologies.”
As part of the new fund announcement, the independent VC firm also announced investments in five startups including Celona, Eko, nference, Shoreline and UDP Labs.