Hydra Ventures
TypePrivate Ownership
IndustryVenture capital
Founded2011
HeadquartersHerzogenaurach, Germany
ProductsVenture capital
Websitewww.hydra-ventures.com

Hydra Ventures is an investment and business development firm that creates and develops new consumer brands in the apparel, footwear and sports-related areas.[1] It is basically formed as a venture capital fund but has the full backing of Adidas.[2] The managing director is Tom Montgomery, who was formerly head of corporate strategy at Adidas. Besides Adidas CEO Herbert Hainer and Adidas CFO Robin Stalker, the board includes Duncan Fitzwilliams, founder of Nash Fitzwilliams,[3] and Toby Hoare, CEO of JWT Europe.[4]

In 2018, Hydra Ventures participated in a health and wellness company, Keyto's $2.5m seed funding round. The funding will allow expanding research and development of its smart breath sensor that detects when the body is in ketosis.[5]

References

  1. ↑ "Multinationals Venture into Startup Investing". Bloomberg.com. 2011-06-30. Retrieved 2022-06-08.
  2. ↑ http://business.transworld.net/67923/news/adidas-funds-sustainability-focused-vc-firm/ Transworld Business, July 2011
  3. ↑ "Nash Fitzwilliams Ltd". Archived from the original on 2011-11-10. Retrieved 2011-07-12.
  4. ↑ "SGI News". www.sginews.com. Retrieved 2022-06-08.
  5. ↑ "Keto diet breath sensor, app startup closes $2.5M seed round". MobiHealthNews. 2018-11-27. Retrieved 2019-02-19.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.