HomeCyprusColumbia Group Launches Venture Capital Arm Galactic Beacon Ventures

Columbia Group Launches Venture Capital Arm Galactic Beacon Ventures

Columbia Group, a Limassol, Cyprus-based provider of ship management and maritime services globally, launched Galactic Beacon Ventures, its new venture capital arm.

Galactic Beacon Ventures plans to identify, nurture and transform innovative ideas into businesses that leave a lasting legacy and are true to the fund’s sustainable credentials.

With the backing of the Columbia Group and its vast network of clients, partners and industry contacts, Galactic Beacon Ventures will enjoy access and exposure to numerous sectors across the maritime, logistics, energy and leisure sphere.

Chief Investment Officer at Galactic Beacon Ventures, Kyriakos Vlachos said: “We are seeing a lot of innovative and interesting ideas coming to us from new start-ups and we wanted to launch a platform where we and our partners can get involved and support from the very beginning. We thrive on challenging conventional wisdom, spotting potential early on, and backing visionary founders with conviction, long before the more cautious investors catch on. Our commitment goes beyond financial support; we become partners on your journey, working closely to navigate challenges and seize opportunities.

Mr. Vlachos added: “Our commitment to excellence is evident in our streamlined investment process. We assess opportunities meticulously and create pathways for high growth and scalability. We pride ourselves on leaving a legacy of innovation, progress, and positive impact. With our global perspective, we connect diverse expertise, networks, and ideas to exploit synergies, accelerate growth and shape industries.

Led by Mark O’Neil, CEO, Columbia Group is an international organisation providing maritime services within the shipping industry. With more than 450 vessels under full and crew management, Columbia is one of the largest independent ship managers world-wide. Its services include: Technical management, Crew management and Training, Commercial services, Post-fixture Operations, New-building supervision, Procurement Pool of over 1000 vessels, Digitalisation, Cruise vessel management and services, Super yacht management and services, Hospitality Training, Insurance and Claims, Sales and Purchase, Vessel condition, Financial Consulting and Warehousing, Navigation and Communication.

VCWire

13/01/2024