The $15 million fund, aimed at seed and early-stage investments near Sacramento, Calif., about a two hour drive from Silicon Valley, will be Velocity Venture Capital’s second. The firm says it typically makes placements ranging from $100,000 to $3.5 million.
Investments from Velocity’s first find include Freepath, a company working in the presentations market a la PowerPoint; Marquiss Wind Power, a maker of commercial wind turbines; and Razor Audio Solutions, an entertainment company. In all, the firm’s first fund was distributed to 11 different companies.
Velocity is already planning its third fund, which it is planning to be worth $60 million, about four times the size of its second.
Tags: co:freepath, co:marquiss-wind-power, co:razor-audio-solutions, inv:velocity-venture-capital3 Comments
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Michael Kassing said:
WOOHOO! The Monkey needs some food! Bring on the VC, I have always wanted to sell my soul (this slander is in no way meant to imply that Velocity Venture Capital is in any way in the market for souls. The writer implies that in general VC is governed by the law of the Undead as outline in the document “Ummmm, Brains” ratified under the Undead Rights Treaty of 2007.)
Ummmmmmm
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bob said:
gsGXsb hi great site thx http://peace.com
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legal said:
big money.
