Taat Lifestyle & Wellness (CSE:TAAT/Frankfurt: 2TP2) has received C$6.75m in the form of a private placement from a group of investors, including Debbie Chang, co-founder of Horizons Ventures. Chang is making the investment in a personal capacity, but investors have already taken note of Chang’s involvement with Horizon Ventures.
The money raised in the placement will help Taat to expand its launch initiative in the US state of Ohio as well as fund further research and development into its Beyond Tobacco base material. The company is also looking at further markets within the US, beyond its initial launch in Ohio.
Chang’s involvement with Horizons Ventures is notable: based in Hong Kong, it manages the private investments of Asian billionaire Sir Li Ka-shing in the technology, media and telecommunications sectors. It has made a number of landmark investments in the past in disruptive technologies, among them DeepMind (later bought by Google), Siri, Facebook, Spotify, Impossible Foods and Zoom Communications.
Horizons Ventures got into Skype in 2005, one year before eBay paid $2.5bn for the company. Chang was one of the team that pitched Facebook to Li in 2007. Their early stake would be worth $1.5bn today.
Investing in disruptive technology concepts
Chang founded Horizons Ventures alongside Solina Chau in 2002 to seek out high tech venture opportunities. Horizons Ventures is known to act as an investment vehicle for Li’s foundation into disruptive investments in areas like artificial intelligence and mobile technology. Its support of Impossible Foods is notable in this context: last year Horizons