Nautilus Venture Partners's New $150 Million Fund Will Focus on Medical Devices, Mobile Tech

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.

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