TampaBay.Ventures, a Tampa, Fla.-based new venture capital firm, launched its first $20m seed fund.
Founded by Marcus Adolfsson, Andreas Calabrese, Tom Frederick, and Wesley Barnett, the fund will support the tech scene in the Tampa Bay region investing in 20 companies over the next five years.
The fund will invest in such markets as cybersecurity, e-commerce, health care, edtech, fintech, and hardware.
Initially, the fund will scout for high-growth tech-enabled companies that have developed an initial product and are ready to scale. The companies must be based in the greater Tampa Bay region.
The team behind TampaBay.Ventures has extensive experience as successful founders and investors. Andreas Calabrese joins the firm from a European seed fund. Marcus Adolfsson is a local entrepreneur who led his previous tech company to a nine-figure exit. Tom Frederick is a fellow business-builder entrepreneur with multiple exits. Wesley Barnett represents a family office in Central Florida with a clear focus on investing within the local community.