Sunday, May 11, 2008

Blackberry/JLA Fund

Interesting post over at Techvibes about a possible $150 million fund backed by RIM, RBC and Thomson Reuters that would invest in mobile applications, including applications that would drive Blackberry adoption. Apparently an announcement was posted, then retracted by Venture Beat, in which JLA Ventures was named as co-manager for the fund. YOu can also read about it over at Techcrunch. Could this be the new fund hinted at Friday by the folks at Wellington Fund?

Read all about it at Rick Segal's blog. This may be the canniest move yet in Canadian venture capital.