New England-based angel investors Dan Von Kohorn and Norman Meisner are launching a $5m micro venture capital fund that will focus on investing in tech and biotech startups.
Beta Fund aims to be “a small fund for small companies” which will typically invest $100k/$200k at the angel financing stage, prior to venture capital financing, along with other angel funds and groups.
The geographical focus is on New England, and greater Boston.
According to reports, half of the amount has already been raised and the first investments are exocted for the before the end of 2012.
FinSMEs
08/11/2012