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Benzinga

Business

Shivani Kumaresan

Home Depot Gives Chance For Startups - With $150M Venture Capital Fund

Home Depot Richard McPhail Home Depot Inc NYSE

Home Depot Inc (NYSE:HD) has launched Home Depot Ventures, a venture capital fund created to identify, fund, and partner with early-stage companies.
The $150 million fund desires to invest in companies that advance Home Depot's ability to provide an interconnected shopping experience and develop new and differentiated capabilities.
The fund will consider investment opportunities in businesses at various development stages that solve customers' challenges and show potential to scale.
"With Home Depot Ventures, we're lending our support and expertise to enable rapid scale of innovation," said CFO Richard McPhail.
Price Action: HD shares are trading lower by 0.81% at $304.45 on the last check Tuesday.

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