Richmond Global Ventures Heads to Miami, Offering Larger Investment for Startups

December 4, 2014

12:13 pm

In the last year, Miami’s investment infrastructure has strengthened dramatically, with more venture funds looking to the city as a hub. However, the focus has been for startups in the seed and smaller Series A stage. This may change soon. Richmond Global Ventures announced that they will be opening an office here in Miami.

According to The Starting Gate, the firm is raising an $80 million to $125 million venture fund focused on early-stage companies around the world and close to home.

“We feel confident that with three offices, one of them should be in Miami,” said venture capital investor Peter Kellner, who will be heading the fund in Miami.

As for its portfolio, Richmond Global Ventures invests in tech-driven companies with global applications in Series A and B rounds, typically writing $4 million to $6 million initial checks and reserving half of the fund for follow-on investments.

Richmond Global Ventures has already raised about half the new fund and is seeking limited partners in South Florida, with a goal of raising at least $10 million from this region

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Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

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