Vora Ventures, a Cincinnati, OH-based equity group that specializes in building innovative IT companies worldwide, made an investment in the recently closed Vine Street Ventures Fund II.
The amount of the transaction was not disclosed. In addition to its role as investor, Vora Ventures will also serve on the Advisory Board of the seed-stage fund, which focuses on investing in internet and mobile businesses.
Vine Street Ventures Fund II is Vine Street Ventures‘ second fund.
Led by Dave Knox, Rob McDonald and JB Kropp, the firm raised its first fund in 2012, which included investments in Cincinnati and Brandery companies including Ahalogy, Roadtrippers, ChoreMonster, and FlightCar (which recently announced their $22m Series B financing with participation from Vine Street Ventures, GCV Capital, Softbank Capital, and First Round Capital).
With Vine Street Ventures Fund II, Marina Dedes Gallagher is joining the team as a Director. Gallagher was previously a Vice President at Lightbank, a Chicago-based VC fund started by the co-founders of Groupon.
Founded by Mahendra Vora, Vora Ventures’ portfolio consists of 12 companies in the software, services and infrastructure solutions space, which currently employs over 2,100 people worldwide.