By Lauren Coffey – TBBJ & Inno Reporter
As tech executives and financial firms alike flock to the Sunshine State, one firm has launched a $20 million fund to further back up the vigorous activity in Florida.
“We’ve been discovered; people know it’s a great place to live and work,” Jim Stallings, founder and CEO of PS27 Ventures, said. “We’re putting our flag out there saying, ‘We’re part of this too.'”
PS27 Ventures, a Jacksonville-based firm founded in 2013, has launched the early-stage focused fund called the “Rhea Fund.” It will focus on early-stage companies, funding Series A rounds with a specific focus on the SaaS, HealthTech, FinTech, sustainability, and e-commerce industries. Check sizes will be in the $500,000 to $1 million range. Read the full article here.