Orlando FAN Closes $5M Fund, To Invest in Early Stage Tech Companies
FAN Investors announced the initial closing of FAN Investors Fund I, LP with capital in excess of $5 million. FAN was established to invest capital and seek appreciation in growth-oriented seed and early stage technology and life science companies within the State of Florida.
“We differentiate ourselves by pairing angel capital and active participation by our principals, advisors, and selected subject matter experts with an objective of seeking capital appreciation for our portfolio companies,” said Mitchel Laskey, managing director of FAN. “Our interests include assisting entrepreneurs in building technology and life science companies here in Florida, economic development by creating jobs, and building a place for our children and grandchildren to stay and take leadership roles.”
FAN believes Florida is an emerging market with fundamentals, particular strength in many key technology and life science sectors, and a growing infrastructure to support entrepreneurial efforts. The Fund intends to target and invest in companies that the Fund’s Investment Committee believes will provide favorable returns and that will benefit from a blend of in-state financing and management guidance.
FAN intends to continue working closely with organizations like Florida Angel Nexus.