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Creative Artists Agency and the Silicon Valley capital firm New Enterprise Associates announced a new investment partnership that aims to support early-stage businesses centered on commerce, content and media.

The two companies formed Connect Ventures, which launches this week with $100 million, with plans to invest up to $400 million. Its initial focus will be on supporting projects in a post-COVID-19 environment.

Image: Creative Artists Agency headquarters in Century City.(Benny Chan / Fotoworks/CAA)