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- Home Depot Inc HD has launched Home Depot Ventures, a venture capital fund created to identify, fund, and partner with early-stage companies.
- The $150 million fund desires to invest in companies that advance Home Depot's ability to provide an interconnected shopping experience and develop new and differentiated capabilities.
- The fund will consider investment opportunities in businesses at various development stages that solve customers' challenges and show potential to scale.
- "With Home Depot Ventures, we're lending our support and expertise to enable rapid scale of innovation," said CFO Richard McPhail.
- Price Action: HD shares are trading lower by 0.81% at $304.45 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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