Greater Colorado Venture Fund Plans First Investments In May Timeframe
The new, Greater Colorado Venture Fund, which specifically aims to invest in rural Colorado startups, says it is planning to make its first investment in the May timeframe, as it sorts everything out with the State of Colorado to get the fund officially up and running. According to the fund, it expects to have a full website and application process for investments running by late March, and doesn't anticipate it will make first investments until May. The fund--led by Marc Nager--said that companies intersted in investments must be headquartered or have a majority of operations outside of metro areas in the state of Colorado, and specifically will go to companies outside of the Front Range. In addition, the fund says it will not invest in companies in any county that exceed 150,000 in population, per state requirements. Nager, in an email to supporters, said the Grater Colorado Venture Fund will focus on working with early-stage companies that have an established customer base and are serving customers beyond their immediate physical market, and that the fund will be industry agnostic.
posted on Tuesday, February 20, 2018
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