StartUp Logistics Announces $15 Million First Round Formation of SLV I

Via PrWeb :

Startup Logistics (www.startuplogistics.com) announced the formation Startup Logistics Ventures I (SLV I), a venture fund for start-ups technology companies. Targeted to close over $15 million, SLV I will make seed and early stage investments in compelling advanced software, medical device, communications, digital convergence and nanotechnology companies.

"The high-tech community here is very fortunate to have the right mix of experienced entrepreneurs, intellectual capital of major research universities and leading medical centers, all of whom are developing new technologies that have the potential to be something great. We are excited to do our part in funding these great entrepreneurs and committed to fostering technological innovation and builds emerging business opportunities," states Managing Director and CEO of StartUp Logistics, David Lee. "It's a good place to do business." Over the next 5 years, StartUp Logistics plans to fund roughly 25 start-up technology companies, with initial investments ranging from $100,000 to $2 million.