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Columbia Group launches venture capital arm Galactic Beacon Ventures

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Maritime services company Columbia Group has launched a new venture capital entity to support ideas in the maritime, logistics, energy and leisure sectors.

The company said it plans to identify, nurture and transform innovative ideas into successful businesses that are true to its sustainable credentials.

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.”

Mark O'Neil, President and CEO at Columbia Group, said: "Galactic Beacon Ventures, powered by the Columbia Group, provides a guiding light and support for entrepreneurs worldwide.”