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venVelo LLC

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venVelo Announces Its Economic Impact in Florida

venVelo's nine current portfolio companies now employ over 100 people full time in Florida, a figure is set to double over the next 18 months.

Winter Park, FL, July 08, 2014 --(PR.com)-- venVelo, an early-stage venture fund and business accelerator headquartered in Winter Park, Florida announced today that its nine current portfolio companies now employ over 100 people full time in Florida. That figure is set to double over the next 18 months.

venVelo’s portfolio, all of which are headquartered in Florida, includes a wide range of industries. The companies are: flexReceipts, GENICON, Kairos, mCast Networks, Spectrum Bridge, Splyt, Thrive Ice Cream, Vigilant Biosciences, and Zentila.

“venVelo has been guided by the vision of bringing financial strength and management guidance to our portfolio companies,” said Richard Licursi, CEO and co-founder of venVelo. “The fact that our capital allows these companies to increase their local head count with valuable talent is quite rewarding.”

“venVelo was the first institutional investor in our company,” said Tomas Diaz, CEO of flexReceipts. “That early funding, coupled with mentoring on who to hire, were keys to the success we now enjoy. venVelo has been an excellent partner in every way.”

About venVelo
venVelo, a venture fund and business accelerator focused on early-stage opportunities, was formally launched in 2012 and quickly established itself as one of the most active venture funds in central Florida. In addition to its investments, venVelo board members have been frequent speakers, panelists, and venture competition judges around the state. venVelo also has donated money to a variety of organizations working to develop the central Florida entrepreneurial ecosystem.

Learn more at www.venVelo.com and follow the company on Twitter at https://twitter.com/venVelo.

venVelo – Innovative People Accelerating Innovative Companies
Contact Information
venVelo LLC
Allen H. Kupetz
407-646-1544
Contact
www.venVelo.com

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