$CNNA Similar in the way tech accelerators and incubators have operated for many years, Seed intends to make investment commitments in up to five companies annually, seeking small equity stakes in each company. The fund will help each company advance their branding, vision and business models with the intention that if we hedge our bets across several companies, operating in various arms of the industry, the company can increase its odds of landing a few that might be overwhelmingly successful.

https://www.bloomberg.com/press-releases/2020...subsidiary