Las Olas Venture Capital, a Fort Lauderdale, Fla.-based early stage venture capital firm, announced its final closing of its first fund, at $28.5m.
Las Olas VC I, LP, looks to invest in Seed and Series A-stage B2B startups solving complex coordination problems in areas that have been traditionally underserved by technology. These areas include enterprise software, tech-enabled business services, financial technology, and education technology among others.
The fund seeks to deploy up to $1m investments and reserves up to an additional $2m per company for follow on in future rounds.
Las Olas Venture Capital is led by Dean Hatton, Esteban Reyes, Mark Volceck, and Paul Tanner.