Simon Property Group Launches VC Arm Simon Venture Group
June 24, 2014
Simon Property Group (NYSE: SPG), a provider of retail real estate services, has announced the launch of its new venture arm, Simon Venture Group. The new business will invest in retail innovation, focusing on opportunities that enhance the shopping experience. Simon Venture Group will be investing in early stage to high-growth technology companies, making seed to Series C+ investments and focusing on both direct and indirect strategic investment opportunities. Simon Venture Group is led by J. Skyler Fernandes, a former partner at Centripetal Capital Partners, who is responsible for identifying, evaluating and making investments.