IAG Pledges $217 Million for Startup Investments
IAG said Monday that it has earmarked €200 million ($216.5 million) over the next five years for a new venture capital arm to invest in startups. The airline group has invested in more than 10 startups since 2017, but the company saw a need for a more concerted effort with that work. “Today’s announcement is the first time that IAG has announced a venturing arm with specific funds for investment,” the company said in a statement to Skift. “The size of funding places us as one of the largest in...