
- Home Depot Inc (NYSE:HD) has launched Home Depot Ventures, a venture capital fund created to identify, fund, and partner with early-stage companies.
- The $150 million fund desires to invest in companies that advance Home Depot's ability to provide an interconnected shopping experience and develop new and differentiated capabilities.
- The fund will consider investment opportunities in businesses at various development stages that solve customers' challenges and show potential to scale.
- "With Home Depot Ventures, we're lending our support and expertise to enable rapid scale of innovation," said CFO Richard McPhail.
- Price Action: HD shares are trading lower by 0.81% at $304.45 on the last check Tuesday.