venVelo Closes Funding Round – Adds New Board Members

Winter Park, FL, January 06, 2015 --(PR.com)-- venVelo, one of the fastest growing and most active early-stage venture funds in central Florida, announced that it had closed its latest funding round on December 31, 2014. Over $1.3 million was raised. Headquartered in Winter Park, venVelo was named the 2014 Tech Investor of the Year.

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.

venVelo’s portfolio, all of which are headquartered in Florida, currently includes 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.”

About venVelo

venVelo, the premier early-stage venture fund in Florida for innovative companies seeking capital and mentoring, was launched in 2012 and quickly established itself as one of the most active venture funds in central Florida. It was named the 2014 “Tech Investor of the Year.” In addition to its investments, venVelo board members have been frequent speakers, panelists, and venture competition judges around the state. venVelo also has donated money to a variety of organizations working to develop the central Florida entrepreneurial ecosystem. See http://www.venvelo.com/ for more information.