Kai Bond has joined Comcast Ventures, the corporate venturing arm of US-based mass media group Comcast, as a principal and will lead its Catalyst Fund, which targets investments in underrepresented minority entrepreneurs.
Bond joined Comcast Ventures last month according to LinkedIn, and comes to the firm from electronics producer Samsung. He was general manager of the New York-based Samsung Accelerator initiative for about a year, after spending roughly a year as a director in its Samsung Extra division.
Comcast launched Catalyst Fund in 2011 with $20m to invest in early-stage companies headed by members of underrepresented minority groups.
The fund’s eight portfolio companies include educational course provider Quad Learning and media tech developer Versa, which was acquired by online petition platform Change.org in early 2015.
Bond said in a statement: “Comcast Ventures Catalyst Fund’s mission of identifying and funding typically underrepresented groups is a strategy I am excited to get behind.
“I look forward to working with the existing portfolio as well as making new investments in 2017. As Comcast Ventures continues to expand its NYC footprint for seed deals, I am thrilled to work with entrepreneurs in this ecosystem.
– Photo courtesy of Comcast