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BlackBerry Partners Fund operates as a dedicated venture capital entity, strategically investing in early-stage companies within the mobile applications and services sector. It backs ventures developing innovative solutions across mobile commerce, digital payments, and advertising. The fund provides capital and strategic guidance to foster business growth, aiming to enhance the broader mobile ecosystem.
Established in 2008, the BlackBerry Partners Fund emerged from a strategic initiative by BlackBerry, then Research In Motion. The company's insight was to cultivate a vibrant developer community and ecosystem around its dominant smartphone platform. This initiative supported external innovation, extending BlackBerry’s influence, and was based in Toronto, Canada.
The fund's beneficiaries are emerging technology companies and startups building next-generation mobile applications and services. Its overarching vision was to accelerate the development and adoption of mobile technologies, particularly those enhancing the BlackBerry experience. By investing in foundational technologies, the fund aimed to secure its associated ecosystem's forward position.
BlackBerry Partners Fund has 8 tracked investments across 6 companies. The latest tracked deal is $6.1M Series A in Catalog Spree in November 2011.