Tuesday, July 27, 2010

Charles E. Johnson, San Mateo's Tano Capital, invest in India, China

What's interesting to learn about Bay Area venture capital firms, and on the heels of Thursday's TechCrunch Summer Party hosted by August Capital, is that not every one focuses on the United States.

In the case of Tano Capital, the San Mateo, California investment firm founded by Charles E. Johnson, the former President of Franklin Templeton investments, who's its managing director, has its investment interests primarily in India and China.

The firm, established in 2007, started with a few small investments, but then ramped up its activity considerably in 2009. It started with an investment in AltoBeam Technology, a China-based designer of digital TV chipsets. Then Tano placed $2.2 million in TongXue.com, a Chinese-based social network, that's become one of the 50,000 largest websites in the World (and with a really cool animated activity map).

In 2010, Tano Capital's activity increased, to the point that it has now as many deals in play as it did in all of 2009. And Tano's not totally out of the United States in terms of investment deals: it started the Tano Global Hard Assets Fund, which invests in U.S. hard assets.

Tano does all of this from it's offices in San Mateo, Mumbai, Mauritius, Shanghai, Hong Kong, Taipei, and Tianjin.

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