Through formation of a new venture capital fund here in Vermont, we expect to help improve upon this low ranking, and thus lift out state closer to New Hampshire, Massachusetts and Connecticut, which all rank in the venture capital top 20 nationally.
FreshTracks Capital, L.P. in Middlebury has finished raising money for an early-stage venture capital fund with access to $20 million for investment primarily in Vermont companies and occasionally in other parts of the Northeast.
FreshTracks Capital L.P. will invest up to $2 million in early stage growth companies in such sectors as software, medical and biotechnology, telecommunications and wireless/network infrastructure, consumer product and media, said fund co-founder Cairn Cross.
Kireker and his partner Cairn Cross believe that venture capitalists are overlooking companies worthy of investment. And evidently, so do Village Ventures, Middlebury College, and a slew of other institutional and individual investors.
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