CMEA Adds Capital
CMEA Ventures has quietly changed its name to CMEA Capital. Jim Watson, a CMEA managing director, says the move was made to better reflect the firm’s plan to broaden its investment strategy. It will continue doing early stage deals, but also plans growth-stage and other sorts of funds in specific sectors. For example, CMEA is currently raising a Green Growth fund, and soon could do similar things in spaces such as IT or healthcare. CMEA historically has invested around 75% of its capital into early-stage deals, with the remainder going to growth or late-stage opportunities. "It's all about how you attract the best talent," Watson says. "You could do one big fund, or look for people to come in and fund a more specialized fund. We debated both sides of it
