January 12, 2015
Winter Park-based venVelo announced that it had closed its latest funding round of $1.3 million. The early-stage venture fund is one of the most active in central Florida with a portfolio that includes companies from all over Florida. They include: FlexReceipts, GENICON, Kairos, mCast Networks, Spectrum Bridge, Splyt, Thrive Ice Cream, Vigilant Biosciences, and Zentila.
“The confidence of the local community in venVelo – expressed in their willingness to invest with us – means a great deal to Team venVelo,” said Allen H. Kupetz, COO of venVelo. “These funds will contribute to venVelo’s 2015 goals of continuing to support our current portfolio, identifying new investment opportunities, and building relationships across Florida with like-minded funds and angel networks.”
Concurrent with the close, venVelo added two new board members: Mark Montgomery, CEO of Axium Healthcare Pharmacy, and Lyn Patrick, founder and president of Florida Business Interiors.
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