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MDC Partners announced the launch of MDC Ventures, a collaborative venture capital fund allowing the agency network to invest in early-stage digital media and marketing technology companies.
The newly-formed entity expands MDC Partners’ existing investments and enhances the sharing of knowledge gleaned from such investments across the agency network. MDC Ventures grew out of KBS Ventures and to a large degree applies KBS Ventures’ approach across MDC agencies.
“MDC Ventures will accelerate and expand on the proven model we have been incubating as KBS Ventures for years, fueling the ambitions of our entire agency network with access to entrepreneurial companies and solutions, and sharpening our clients’ competitive advantages in the market,” MDC Partners chairman and CEO Scott Kauffman said in a statement.
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