USA – The Home Depot (NYSE: HD), an Atlanta, GA-based home improvement specialty retailer, launched $150M venture capital fund.
Home Depot Ventures aims to identify, fund and partner with early-stage companies to accelerate emerging technologies that aim to improve the customer experience and shape the future of home improvement.The fund aims to invest in companies that advance The Home Depot’s ability to provide a seamless interconnected shopping experience, develop new and differentiated capabilities, and extend its low-cost provider position to:Better Serve Customers:Better Serve Associates:Deliver Operational Excellence:The fund will consider investment opportunities in businesses at various stages of development, with an emphasis on early and growth stage companies that solve challenges for The Home Depot’s customers and show potential to scale. Home Depot Ventures will serve as a valuable partner by providing growing companies with direct access to the expertise and expansive footprint of the broader enterprise.Home Depot Ventures builds on a history of investments in startups, including: The Home Depot is a large home improvement specialty retailer, which, at the end of fiscal year 2021, operated a total of 2,317 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 500,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. 04/05/2022
