New Source of Venture Funding Benefits Entrepreneurs; StartUp Logistics Announces $15 Million First Round Formation of SLV I

Cambridge, Mass.-- October 07, 2004 -- Startup Logistics (www.startuplogistics.com) announced the formation Startup Logistics Ventures I (SLV I), a venture fund for start-ups technology companies. Targeted to close over $15 million, SLV I will make seed and early stage investments in compelling advanced software, medical device, communications, digital convergence and nanotechnology companies.

Cambridge, MA (PRWEB) October 07, 2004 -- Startup Logistics (www.startuplogistics.com) announced the formation Startup Logistics Ventures I (SLV I), a venture fund for start-ups technology companies. Targeted to close over $15 million, SLV I will make seed and early stage investments in compelling advanced software, medical device, communications, digital convergence and nanotechnology companies.

"The high-tech community here is very fortunate to have the right mix of experienced entrepreneurs, intellectual capital of major research universities and leading medical centers, all of whom are developing new technologies that have the potential to be something great. We are excited to do our part in funding these great entrepreneurs and committed to fostering technological innovation and builds emerging business opportunities," states Managing Director and CEO of StartUp Logistics, David Lee. "It's a good place to do business." Over the next 5 years, StartUp Logistics plans to fund roughly 25 start-up technology companies, with initial investments ranging from $100,000 to $2 million.

About StartUp Logistics

StartUp Logistics is a seed and start-up venture firm that invests technical resources with entrepreneurs to build a significant and successful business. Majority of the partnership are with exceptional entrepreneurs and technical founders in the earliest stages (From concept or idea through 1st round venture funding). StartUp Logistics also assist emerging and growth companies realize their long-term vision, with the necessary technology support through the critical implementation period and beyond. Its Managers have significant experience in founding, investing in and growing early stage technology companies.

What differentiate StartUp Logistics from other venture firms is not only we are the venture capitalist, but also play the role as a technology partner, customer and investor. StartUp Logistics provides entrepreneurs, start-ups and emerging company with technical resources and information necessary to transform an abstract idea from concept into a product or service. For more information, please visit http://www.startuplogistics.com .

Contact Information:

StartUp Logistics

David Lee

davidlee@startuplogistics.com

# # #