A couple of corporate execs have formed a new fund — Nautilus Venture Partners Fund 1. Companies associated with the Internet of Things will be one area of interest.
A Fortune magazine article said the fund, co-founded and run by Connie Sheng and Brian Kang, will focus on helping startups partner with large technology companies but seeks to skip the long wait times for decision-making.
Sheng hails from electronics manufacturer Foxconn Technology Group, where she has worked as the director of corporate investment. Kang, who is a managing previously worked for Samsung Ventures of America where he was managing director and the focus was mobile tech startups, as you’d expect. His LinkedIn photo has a striking image of himself taking pictures of stunning rock formations.
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In a phone interview with MedCity News, Sheng said although the fund plans to invest in some aspects of health like connected medical devices and mobile technology, health is not a big priority for the company. It is primarily interested in technology and the Internet of Things. Cybersecurity, as a way of confirming and protecting transactions, is also an area of interest.
Nautilus Venture Partners is not to be confused with Nautilus Ventures, which is a separate company.
