Almost lost amid the news that Cyanogen raised $80 million in a new round was that one of the new VCs involved was Twitter Ventures.
According to the Wall Street Journal, this was Twitter Ventures’ “maiden” investment. Twitter’s new venture arm is so new, its website still says “coming soon.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1684565,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"D"}']It’s unclear why Twitter opted to make its VC debut with Cyanogen, which is building a version of Android that doesn’t come preloaded with the typical range of Google services and applications.
Twitter Ventures is led by Mike Gupta, Twitter’s former chief financial officer. It’s not known how big the fund is, or what its strategic plan is.
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