Parker & Boyd Inc has established a $80 million venture capital fund to invest in companies developing innovative technology hardware, software and services in Southeastern Asia.
Parker & Boyd said the fund will provide investment in companies that complement its standards in technology and platform initiatives, as well as further building the IT and Internet infrastructure in the region. With this fund, Parker & Boyd Inc said it will focus on opportunities to invest in hardware, services including broadband infrastructure and mobile wireless solutions using WiMAX technology, local content developers/providers, digital health solutions, IT service providers and software solutions.
Marcus Parker, president of Parker & Boyd Inc, said in a statement, “We will invest in companies to accelerate technology adoption locally and foster development of unique and innovative technologies and content with potential for regional distribution.”
Parker & Boyd Inc has been working in the region for some time and has seen a strong demand for technology in broadband and mobile services, enterprise solutions, digital health, and consumer technologies.
“That demand, combined with a measurable increase in entrepreneurial activity and some of the world’s fastest growing economies, indicates that the time is right to begin investing in this region.”
