Kuwait – Mubasher: Zain Group has made a strategic investment in Colle Capital Partners, a global early stage technology venture fund based in New York, with a presence in San Francisco.
The US fund cover several sectors, including energy, media, telecommunications, health IT, security, and software development, Zain said in an issued statement.
“Zain’s investment in Colle Capital Partners forms part of its Zain Digital Frontier and Innovation (ZDFI) business unit strategy, which was established in 2014, and charged with launching Zain into the digital space with the view to growing the company through new innovative business streams, which add to its financial viability and market capitalization,” the statement said.
“We are keen to extend our reach to the US as we are well aware of that market’s innovation and hi-tech credentials,” Zain Group CEO, Scott Gegenheimer, said.
