Santander's financial technology investment unit has backed startups including Kabbage, Ripple and Cyanogen, and doubled its size to $200m in July.

Corporate venturing unit Santander InnoVentures focuses on portfolio companies with which it can seal a commercial partnership, and the model’s success was behind the fund size being doubled earlier this year, managing partner Mariano Belinky told Global Corporate Venturing. Financial services firm Santander formed InnoVentures almost two years ago, putting $100m into the fund, since…

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