Fitz Gate Ventures, a Princeton, NJ-based Princeton focused venture capital firm, raised $10m for its first fund.
Founded in July 2016 by Jim Cohen and Mark Poag, Fitz Gate Ventures is an early stage venture capital firm focused on the Princeton University ecosystem. The firm invests in startups in which a Princeton alum, faculty member or student is either a founder or member of the senior management team.
Through its “Friends of Fitz” network of Princeton professors, administrators and alumni as well as through the broader alumni community generally, the fund has early access to a wide range of investment opportunities both on and off campus.
It leverages Friends of Fitz and the broader Princeton network for deal sourcing, deal vetting, co-investment, follow-on investment and mentorship of its portfolio company founders and management is a key strategic advantage of the fund.
To date, the fund has invested in five early stage companies including SmartAsset, Overtime Sports, and Optimal Dynamics.