Comcast Interactive President Amy Banse to Lead New Investment Fund
NEW YORK - Amy Banse, president of Comcast Interactive Media, will oversee a new Silicon Valley investment fund that will replace separate venture arms of the cable giant and NBC Universal, which it is acquiring, AllThingsD reported Monday.
Banse will under her new role combine NBC Uni’s Peacock Equity and Comcast Interactive Capital.
The former is a $250 million fund launched in 2007 by GE Capital and NBC Uni, has invested generally in the $3 million-$25 million range in online advertising other start-ups.
Comcast Interactive Capital has $500 million under management and has concentrated on broadband and interactive firms.
According to AllThingsD it was not immediately clear how much money the new unnamed equity fund will have at its disposal.
Banse has for Comcast led such online moves as the acquisition of Fandango and email newsletter Daily Candy.