NAPLES - Tamiami Angel Fund I has announced a investment in Fracture, a Gainesville based firm that developed digital technology to print photos on glass. It’s only the fund’s second investment, though its members have reviewed more than 400 business plans and invited over 20 companies to make pitches for financing.
Fracture, can receive up to $750,000 from the fund, which is targeted at emerging growth companies. Initially, the fund is investing $410,000 in Fracture, with more payments to come if it reaches certain performance targets over the next year.
Want Florida tech news in your inbox? Click here to sign up for our email alerts.