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Former Uber CEO Sets Sights On Real Estate, E-Commerce With New Fund

Former Uber CEO Travis Kalanick has introduced a new investment fund focused on real estate, e-commerce and innovation.

Uber CEO Travis Kalanick

The company, called 10100, is pronounced "ten one-hundred" and will focus primarily on investment opportunities in China and India. The fund will also help finance Kalanick's nonprofit, according to CNN.

While details about the new investment vehicle are still a bit hazy, Kalanick said his bets will center around his passions.

“The overarching theme will be about large-scale job creation, with investments in real estate, e-commerce, and emerging innovation in China and India. Our non-profit efforts will initially focus on education and the future of cities,” Kalanick said in a tweet.

The fund is also likely backed in part by the sale of his stake in Uber, which garnered an estimated $1.4B, Business Insider reports.

Kalanick was ousted from Uber in June following scandals that included sexual harassment and sexism allegations, as well as a lawsuit waged by Google’s Waymo, the latter of which was settled in February, CNN reports. The controversy has not stopped him from continuing on in the tech sector. Along with founding 10100, Kalanick recently became a board member and investor of Kareo, a health tech startup, and has invested in software platform Pantheon.