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Fidelity makes bid for online-auction glory ; Venture arm quietly invests millions in Internet start-ups
- Article from:
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The Boston Globe
- Article date:
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May 20, 2008
- Author:
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Copyright informationCopyright 2008 The Boston Globe. (Hide copyright information)
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Fidelity Ventures is hunting for the next eBay.
The venture capital firm, investing funds raised from affiliates
of mutual fund giant Fidelity Investments, has been carving out a
niche bankrolling Internet start-ups that connect buyers and sellers
of everything from loans to receivables to airplane parts.
Operating quietly from Boston's financial district, Fidelity
Ventures recently backed a European version of StubHub. It led a $25
million funding round in February for Seatwave, a British company
that sells tickets for sporting matches, concerts, and other
entertainment events on the secondary market. But that was merely
the firm's latest investment in emerging companies running online ...
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