AirTrip and its subsidiary, Mag2 Co., Ltd., have agreed to establish a new joint venture company, AirTrip Mag2 Ventures Co., Ltd.
Summary
AirTrip and its subsidiary Mag2 agreed to create a new joint venture, AirTrip Mag2 Ventures, to invest in domestic and overseas startups. The venture will combine AirTrip’s investment track record and network with Mag2’s customer base and content capabilities. The companies aim to support portfolio growth, prepare startups for public listings, and create synergies with their existing businesses. The announcement says the new subsidiary should have only a minor impact on current-year consolidated results. This move expands AirTrip’s CVC activity rather than introducing a software product or software-specific service.
Classifications
industries
Fintech & Banking
applications
Sales and Marketing
AskAI Classifications
Labels
SaaS
Enterprise Software
Artificial Intelligence Software
Linked Companies
Airtrip
$100M to $250M