San Diego-based
Revolution Ventures will focus on education deals in China and India, but will also look at entertainment, gaming, digital advertising and wireless sectors in the region, says Partner Robert Hutter.
The firm, which began investing in China in 2004, has backed such companies as InGame Ad Interactive Technology Ltd., which helps companies place ads in online games. In August, Revolution and WPP Group invested an undisclosed amount in InGame.
While China’s economic growth has cooled amid the worst U.S. financial crisis since the Great Depression, it is still growing faster than any other big country, with plenty of capital-hungry entrepreneurs looking to fund their projects, Hutter says.
“[The financial crisis] can make a challenge but this is also the best time to go shopping for opportunities,” Hutter says. “If you have a good product, you can still grow. When the market recovers, it will be fantastically great.”
Hutter says that the firm is keen to invest in the digital advertising sector for the next few years as the economic crisis will further hurt the growth of traditional media, such as newspapers and television. —Reuters
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