TampaBay.Ventures is committed to the creation of a vibrant and internationally recognized startup ecosystem in the Tampa Bay region.
While the region has a track record of producing world-class tech startups, there has historically been a lack of sufficient funding in the area to support the region’s next breakout startups. TampaBay.Ventures aim to change that by funding local innovative, tech-enabled companies at the earliest stages of development. The fund, founded by Marcus Adolfsson, Andreas Calabrese, Tom Frederick, and Wesley Barnett, has to-date invested in twelve local companies (https://tampabay.ventures/portfolio/) and plans to hold 25 companies in the first fund’s portfolio.
The team behind TampaBay.Ventures has extensive experience as successful founders and investors. Andreas Calabrese joined the firm from a highly successful European seed fund. Marcus Adolfsson is a local entrepreneur who led his previous tech company to a nine-figure exit. Tom Frederick is a fellow business-builder entrepreneur with multiple exits. Wesley Barnett represents a family office in Central Florida with a clear focus on investing within the local community.
TampaBay.Ventures Seed Fund I closed at $27 Million Dollars ($7 Million Oversubscribed) with support from Cathie Wood and Enterprise Florida! This is an accomplishment that deserves a celebration. As of last year, TampaBay.Ventures was one of the fastest scaling venture portfolio’s in Florida, with 12 portfolio companies including Slide and Betr.
The firm is also partnering with Betr on their next fundraising round and has a small allocation into the round. They expect the allocation to be taken extremely quickly, but the firm will be open to select new investors depending on the interest from our current Limited Partners. Will you be apart of the growth?
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This post was written by Elevate, Inc.