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Tech Square Labs scores $1 million from Invest Georgia

Thursday, July 13, 2017   (0 Comments)
Posted by: Kristen Pappaterra
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Atlanta-based Tech Square Labs Fund has received a $1 million investment from Invest Georgia, a state-run venture capital fund.

The $25 million Tech Square Labs Fund has made 12 investments so far, totaling $4 million. Investors in the fund include family offices and high net worth individuals. Invest Georgia is the first institutional money in the fund.

Tech Square Labs was launched by a duo of serial entrepreneurs Paul Judge and Allen Nance. The venture, which operates out of a 15,000-square-foot former Office Depot building at Tech Square, aims to build the next generation of information security, marketing automation, and business-to-consumer (B2C) companies.

The General Assembly created Invest Georgia back in 2013, an initiative of Lt. Gov. Casey Cagle, to boost investment in Georgia-based growth and early-stage companies.

The VC fund was allocated $20 million out of an allowed $100 million to date from the state.

Earlier this year, Invest Georgia plowed $3.25 million into Mosley Ventures. The $31 million Mosley Ventures fund has invested in nearly 20 companies since launching four years ago. The fund invests in seed-and-early stage companies in cybersecurity, digital media, machine learning and mobility.

In 2015, Invest Georgia invested $3 million in TTV Capital IV, a financial services-focused venture capital fund.

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