Disney’s Steamboat Ventures looking to raise $200M fund
Steamboat Ventures is planning to raise a third fund, worth $200 million, PE Week reports (subscription required). The backer will be Steamboat’s owner, The Walt Disney Co; another, Europe-focused Steamboat fund is also in the works.
Steamboat typically invests in digital media companies — whether in social networking, mobile services, content delivery services — or other areas that are in some way related to the Disney media empire. Our previous coverage of the fund here.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.