Aflik Nuage, CEO of Electronic62761 has announced that a sum of USD 12 Million will earmarked to be invested in Chinese Startups seeking Round B funding. This effort is headed by Mrs. Lauren Stockert, Chief Financial officer with an experience of operating in China of over a decade.
Mrs. Stockert announced this fund along with Mr. Nuage since he confessed that Chinese market was complex, out of the circle of his understanding and experience. Stockert will be evaluating proposals along with her executive team while Nuage will not be involved in any decision making process. Mr. Nuage will be working with the management team to insure Canadian operations are optimised and start to churn a profit.
Mrs. Stockert will only be evaluating companies with a proven track record and the ones seeking round 2 funding of USD 1 Million or higher. She has also confirmed that the fund size could be raised to USD 25 Million if the need so arises.
Electronics62671 has just changed leadership from Mr. McLain to Mr. Nuage and this is an important test for the new direction on which the company has embarked. Electronics62761 is heading towards a major overall of human resources, operations and divestments, coupled with a Venture capital initiative, things are bound to become stressful in the short term.
Mrs. Stockhert has dismissed all reports and rumours of this fund as a last minute initiative, instead she has stood up for Mr. Aflik Nudge and confirmed her faith in his leadership and vision.
About Electronics-62761
A leading Canadian electronics reseller and application developer since 1995. Alfik Nuage is a self-proclaimed Master Artist of Rudimentary Kinetics and develops platforms for specific needs. Based out of Toronto, Electronics-62761 exports it technologies to all major Medical, Governments and Trans national Organisations. Aflik Nuage’s electronic 62761 store offers Mobile, Encryption, Security and Utilities along with state of the hardware in it’s many Canadian locations.
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