Engage Ventures, an Atlanta, GA-based independent early stage venture capital firm, has launched its $15m fund and opened its application process for Fall 2017.
Strategically grouping major corporations including AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Inc., Intercontinental Exchange, Invesco Ltd., The Home Depot and UPS, and managed by Tech Square Ventures, Engage Ventures is focused on financing companies and supporting them in formulating their go-to-market strategies gaining access to customers and distribution. In addition to funding, the corporations will contribute time, mentorship, expertise and other resources to portfolio companies. This will give startups the ability to work closely with executives from leading brands to accelerate their go-to-market strategies and achieve scale quickly. The corporate partner CEOs and other senior leadership will also take an active role on the Engage Board of Directors.
Engage, which will leverage services in partnership with the Advanced Technology Development Center (ATDC) at Georgia Tech where it maintains its physical offices, will be led by Managing Director Thiago Olson, an entrepreneur, physicist and venture partner at Tech Square Ventures.
Companies accepted to the three-month program will receive $75K in initial seed funding. In subsequent financing rounds, Engage will co-invest larger amounts in portfolio companies.
Companies can apply directly at engage.vc.