ORLANDO - IFM Ventures announced that it has invested $200,000 in venVelo, a venture fund and business accelerator headquartered in Winter Park. IFM’s investment in venVelo follows that of Oakstone Holdings.
venVelo focuses on early-stage investments, it invested in flexReceipts in late 2012.
Richard Licursi, CEO and co-founder of venVelo says “venVelo welcomes this investment from IFM. It will offer IFM access to our deal flow and gives us additional funding as we move ahead in building out our portfolio,” said Licursi.
Wolsonovich, who will represent IFM on venVelo’s board, added, “venVelo has moved quickly to build important relationships from Gainesville to Miami that we believe offers our members a great opportunity to work with the unique talent venVelo has assembled so as to maximize the return to our investors.”