"FD Venture Farm will help create synergies with an expanding group of Angel organizations and will significantly help early stage companies facilitate capital formation and exit activity."
Mike Eckert, Angel Capital Association
Atlanta, GA (PRWEB) May 31, 2013
FD Venture Farm, LLC today announced a strategic relationship with six of the nation’s leading Angel investor organizations. These Angel groups will utilize FD Venture Farm’s technology platform and services to manage and socialize portfolio company business updates and to facilitate syndication initiatives between Angel organizations for follow-on seed and seed prime investments. Series A institutional investors, strategic investors and corporate acquirers will also leverage the FD Venture Farm to identify angel funded companies ready for institutional capital or a potential acquisition.
The following Angel Investor Organizations have joined the strategic initiative:
- Georgia - Atlanta Technology Angels (ATA)
- Georgia - Ariel Savannah Angel Partners (ASAP)
- Alabama - Angel Investor Management Group (AIM)
- South Carolina – Upstate Carolina Angel Network (UCAN)
- North Carolina – Piedmont Angel Network (PAN)
- Florida - Tamiami Angel Fund I, LLC (TAFI)
“Angel Investor organizations have grown significantly over the last decade and have emerged as the nation’s most significant driver of capital formation for early stage ventures,” observed Mike Eckert, Vice Chairman of the Angel Capital Association. “Angel organizations are becoming more organized and sophisticated in the manner in which they collaborate, not only within their respective local organizations, but across geographical boundaries. The FD Venture Farm platform will help create synergies with an expanding group of Angel organizations and will significantly help early stage companies facilitate capital formation and exit activity.”
“Improving the efficiency of capital acquisition for both investors and companies is a major goal of our business model,” said Dick Reeves, CEO of the Angel Investor Management Group. “We manage investments by over 200 people in over 16 different companies, and constantly seek ways to smooth the flow of information in all directions and over all our geographies. FD Venture Farm appears to have great potential to facilitate these goals.”
“The FD Venture Farm platform supports important strategic and operational directives of our organization, “said Bernie Dixon, Executive Chairman of the Atlanta Technology Angels. “It is important to provide our membership a mechanism to track the progress of our funding activities after investments have been made and throughout the entrepreneurial and funding lifecycles. As an independent service, associated with one of the largest CPA firms in the country, FD Venture Farm represents a trusted and professional resource to fulfill our needs and support the ATA ecosystem.”
“Increasing the reach and efficiency of Angel organizations is critical to fueling the vital entrepreneurial activities in our nation’s economy,” said Matt Dunbar, Managing Director of Upstate Carolina Angel Network and Angel Capital Association Board member. “Our group has been searching for a much needed process and technology platform to enable our early stage ventures to provide important financial and milestone updates on their businesses as they mature. The FD Venture Farm platform represents an independent and professional service that will standardize company updates and help us manage access to those updates not only for our organization, but also for other Angel organizations, larger institutional and corporate investors, and potential strategic acquirers."
“Angel organizations are a critical source of funding for early stage ventures,” said Mark Rainosek, CEO and President of FD Venture Farm. “We are excited to be able to bring value to leading Angel investor organizations. FD Venture Farm provides the technology and processes to intelligently monitor and track early stage companies for Angel investors as well as interested institutional and strategic investors and acquirers.”
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About FD Venture Farm
FD Venture Farm, LLC is an independent deal monitoring service designed to facilitate the tracking of specific companies of interest to investors. Companies tracked through the service are limited to those referred by approved institutional and private equity capital investors and lenders. FD Venture Farm is a Frazier & Deeter company.
About Frazier & Deeter
Frazier & Deeter LLC is a nationally recognized CPA and Advisory firm headquartered in Atlanta, Georgia. The firm provides tailored services across a wide range of tax, audit, accounting and advisory needs. Frazier & Deeter is one of the 100 largest firms in the country and has been named the #1 Accounting Firm to Work For in the U.S. by Accounting Today magazine and a “Best of the Best” CPA firm in the U.S. by Inside Public Accounting.