venVelo Announces New Funding and Investments

Winter Park, FL, September 26, 2013 --( venVelo, a venture fund and business accelerator headquartered in Winter Park, Florida announced today that it has closed a significant new round of funding. This follows on venVelo’s recent investments in four Florida-based companies, flexReceipts, Row Sham Bow, Zentila, and Thrive Ice Cream.

“Certainly we are pleased that venVelo continues to attract fresh capital,” said Richard Licursi, CEO and co-founder of venVelo. “We view these latest investments as a vote of confidence for our deal-vetting model and the mentoring and support we provide to our portfolio companies.”

Additionally venVelo will add three new board members, including John Caron, the former president of Olive Garden at Darden Restaurants and a former vice president and general manager for Unilever.

“venVelo has brought together a strong team with a great diversity of experience,” said Caron, “and I welcome the chance to the join the venVelo board and work closely with our portfolio companies.”

venVelo 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 firms working to develop the central Florida entrepreneurial ecosystem.

About venVelo
venVelo is a venture fund and business accelerator focused on early-stage opportunities. Learn more at and follow the company on Twitter at

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venVelo LLC
Allen H. Kupetz