Profile
Verizon Ventures is the venture capital arm of Verizon, a leading telecommunications company based in the United States. Established to support promising companies in technology, it focuses on growth-stage investments. The team is composed of experienced professionals with backgrounds in technology and venture capital, leveraging Verizon's resources and expertise to add value to portfolio companies. As part of a corporate structure, they offer strategic insights alongside capital.
Verizon Ventures invests in a wide range of sectors including technology, telecommunications, and media. They are primarily interested in funding companies operating at the growth stage, with investment sizes generally ranging from $10-50 million. With access to vast resources through Verizon, the ventures arm collaborates closely with its portfolio companies to create synergies with Verizon's broader business units. However, specific details on their AUM or external partners are not publicly disclosed.
Notable investments include companies like Scopley - a mobile gaming developer, Beam - a live streaming app, and Filament - blocks for the Internet of Things. The ventures arm seeks companies that can complement and expand Verizon's service offerings in the evolving tech landscape.
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