A Minneapolis venture capital firm will see up to a $200 million injection from telecom giant AT&T.
The money will be used for Coral’s Communications Industry Platforms’ (CIP) efforts to invest in “connected services and platforms” businesses, the companies said in a news release. Coral will be seeking other investors for the fund as well.
The investment capital comes from the AT&T Labs and the AT&T Foundry innovation centers, which were launched in 2011 in part to work with start-ups.
