Collaborative Fund backs Korea’s Sopoong Ventures to grow its footprint in Asia

Venture capital firms often open a physical office or hire local investors to make inroads into new markets, especially when expanding internationally.  
But funds are increasingly exploring a variety of other routes into new markets to shore up their deal flow. Most recently, a16z unveiled its fund-of-funds plan to invest in earlier-stage companies, and Sequoia Capital has built out programs for early-stage startups.
Collaborative Fund made a different choice. The U.S. venture capital firm recently took a strategic investment in a Korean social impact-focused VC called Sopoong Ventures to bro

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