Las Olas Venture Capital Raises $50M Fund II
Las Olas VC closed its second seed fund above target following strong investor demand and the performance of Fund I.
FORT LAUDERDALE, Florida., April 13, 2022 /PRNewswire/ — Las OIas Venture Capital (“LOVC”) (lasolasvc.com) raised $50 million for its new fund in order to pursue its B2B software investment strategy in the seed phase.
With the new fund, LOVC pursues his thesis leading financing for publishers of B2B software, with a particular focus on emerging technology markets based businesses such as the southeastern United States. The fund seeks to carry boot of rounds of $3–5M with up to $2.5M initial checks and additional capital reserve plans for follow-on investments. LOVC plans to invest in 15-20 companies from this fund and has already closed its first three investments.
“We are grateful for the market acceptance of our thesis here at LOVC,” said founding partner Mark Volchek. “Our strategy has begun to prove itself with the strong performance of our Fund I portfolio, and we are pleased that our approach has resonated with our returning limited partners and new investors to this fund. We plan to double down on our current strategy of taking on focused leadership roles and working closely with exceptional B2B founders,” Volchek said.
This fundraiser follows the debut of LOVC $28.5M Fund I and its other co-investment vehicles bring the firm’s total assets under management to approximately $100 million.
About Las Olas Venture Capital
LOVC is an early-stage primary investment venture capital firm. Invest now from a $50 million Fund II, we typically run seed rounds of $3–5M in B2B software companies, then work closely with founders to take them to the next level. We believe that a new generation of B2B companies is emerging from places largely overlooked by traditional venture capital, and that this is a global phenomenon driven by the massive digitization of industries. We aim to be the partner of choice for these founders.
For more information, visit www.lasolasvc.com
Note: This is not an offer to sell or a solicitation of an offer to buy securities. Please contact the manager for more information.
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