Cleveland-based Crystal Internet Venture Funds is shifting its investment strategy to focus on computer hardware and software companies engaged in global commerce between the U.S. and Asia.
Crystal is raising a new $150 Million fund which will be invested either in U.S. companies that will do business in Asia, or Asian companies that can expand into the U.S. market. This reflects a shift from Internet startups to catch a ride on the growing globalization trend. "It turns out...the Internet is now a tool causing globalization to accelerate," said managing director Daniel Kellogg. Crains subscribers read more.
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