venVelo Makes Its 25th Investment in Florida

Winter Park, FL, June 19, 2015 --(PR.com)-- venVelo, one of the most active early-stage venture funds in central Florida, announced it had made its 25th investment in Florida companies. Fattmerchant, the 2015 winner of the Rollins College Center for Advanced Entrepreneurship Venture Plan Competition, became the tenth portfolio company for venVelo joining flexReceipts, GENICON, Kairos, mCast Networks, Spectrum Bridge, Splyt (now Knetik Media), Thrive Frozen Nutrition, Vigilant Biosciences, and Zentila,

Additional information on the Fattmerchant raise can be found here: http://www.bizjournals.com/orlando/news/2015/06/17/exclusive-orlando-startup-inks-750k-vc-deal.html. Concurrently Zentila, which powers over 500,000 meeting planners worldwide with its award-winning, user-designed platform, received its fourth investment from venVelo.

“With the wealth of talent on our board and strong partners like Enterprise Florida and Rollins College, venVelo continues to grow its portfolio and work to contribute to the success of these exciting companies,” said Allen H. Kupetz, COO of venVelo. “As we get close to our third anniversary, venVelo sees many opportunities to further impact the Florida entrepreneurial ecosystem.”

About venVelo
venVelo, the premier early-stage no-fee 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.” See http://www.venvelo.com/ for more information.