Home Depot launches $150 million venture fund

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Home Depot Inc. HD, +0.51% announced the launch of a $150 million venture capital fund aimed at early- and growth-stage tech companies focused on customer service and the home improvement category. Home Depot Ventures joins a growing number of VC funds created in the consumer space, including a $50 million Chipotle Mexican Grill Inc. CMG, -1.40% fund and a $1 billion Amazon.com Inc. AMZN, +0.17% VC fund, both announced last month. Home Depot stock has tumbled 26% for the year to date.

This article was originally published by Marketwatch.com. Read the original article here.

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