Globalization Trend Attracts Venture Capital

Cleveland-based Crystal Internet Venture Funds is shifting its investment strategy to focus on computer hardware and software companies engaged in global commerce between the U.S. and Asia.

Crystal is raising a new $150 Million fund which will be invested either in U.S. companies that will do business in Asia, or Asian companies that can expand into the U.S. market. This reflects a shift from Internet startups to catch a ride on the growing globalization trend. “It turns out…the Internet is now a tool causing globalization to accelerate,” said managing director Daniel Kellogg.

Anita Campbell Anita Campbell is the Founder, CEO and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses.