Britsh Sky Broadcasting Group plc (Sky) is investing $8m in Luminari Capital, a new, US-based venture capital fund focusing on technology and media startup companies that operate within the theme of innovation in video.
In a statement, Sky explains: “Through this investment Sky will increase its exposure to relevant startup companies that it may choose to partner with in the future.”
Luminari Capital is being formed by Daniel Leff, formerly of IT-focused venture capital firm Globespan Capital Partners and current board member of US consumer electronics company Roku.
Sky states that its funding obligation is “contingent upon the further fund raising activities of Luminari Capital over the coming 12 months.”