Formation 8 Raises Its First Fund Of $448M To Plug Silicon Valley Startups Into Asian Conglomerates

Formation 8 wants to bring venture capital back to its roots: investing in solutions to hard technology problems that could change the world. It just raised its first fund of $448 million -- but with a twist. Formation 8 plans to draw on its extensive network in Asia to win its portfolio of smart enterprise and energy technology companies' huge deals with conglomerates in the region.

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