Chicago, Illinois-based venture capital firm Salveo Capital LLC has re-launched Salveo Fund I, LLC.
In conjunction with the relaunch, the firm has added Michael Gruber (Managing Partner), Jeffrey Howard (Managing Partner) and Achint Prabhat (Director of Fund Operations) to the existing team of Alex Thiersch (Partner), John Dohm (Partner) and Eric Atienza (Director of Communications).
Salveo’s primary investment focus will be early stage businesses enabling the cannabis industry, but which are generally ancillary to the production or processing of the plant and not subject to state regulations. Key areas of interest include: Financial, Payments & Banking; Grow Systems, Agriculture & Operations; Software, Digital & Internet; Chemistry, Science & Genetics; and Business Services.
The fund will only be available to accredited investors and qualified purchasers.