The Toronto headquartered BlackBerry Partners Fund announced today the expansion of its investment activities with the launch of a US $100 Million affiliate fund focused on mobile investment opportunities in China.
"The BlackBerry platform offers tremendous opportunities for startups and other technology innovators to develop new value-added products and services for the mobile market," said Jim Balsillie, Co-CEO of Research In Motion. "We are very excited by the announcement of this new fund and we believe it will help fuel substantial innovation and commercial success within the mobile ecosystem in China."
BlackBerry Partners Fund China is a new joint venture between China Broadband Capital Partners and the BlackBerry Partners Fund. The new Fund will invest exclusively in opportunities supporting the emerging mobile ecosystem in China, the world's largest mobile market.
The new Fund is expected to close on August 31, 2010.