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AmEx lures digital commerce startups with $100M fund
November 9, 2011 /
American Express wants to have a stake in the next big digital commerce startup, and it’s establishing a new $100 million fund http://www.marketwatch.com/story/american-express-announces-100-million-digital-commerce-investment-initiative-2011-11-08 to make sure it doesn’t miss out. The fund will be spread out over multiple years and will focus on early-stage startups that can create innovative ideas that will ultimately benefit AmEx and aid in its digital transformation.
By Ryan Kim
Full Story: http://gigaom.com/2011/11/08/amex-lures-digital-commerce-start-ups-with-100m-fund/
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