“Investment in this fund proves LaunchPad City’s commitment to building and supporting an entrepreneurial community in and around Frisco,” said Sammy Abdullah, Co-Founder, Blossom Street Ventures
Frisco, TX (PRWEB) May 23, 2017
Committed to startup incubation and acceleration, Frisco-based LaunchPad City is pleased to announce a strategic partnership with venture capital firm Blossom Street Ventures, based in Dallas, TX. The relationship includes LaunchPad City’s investment in Blossom Street Ventures’ mid-stage fund IV.
“LaunchPad City companies will continue to need capital to grow and scale their business, and our Blossom Street Ventures partnership establishes a channel to access capital,” said Brian Dick, Co-Founder, LaunchPad City. “Simply put, the relationship with Blossom Street Ventures represents (to our startups) opportunity,” added Dick.
LaunchPad City’s investment in Blossom Street Ventures marks the fourth time this year the startup incubator has partnered with, and invested in, a startup or venture capital firm.
“Investment in this fund proves LaunchPad City’s commitment to building and supporting an entrepreneurial community in and around Frisco,” said Sammy Abdullah, Co-Founder, Blossom Street Ventures. "We believe in the LaunchPad City model and are proud to be a strategic partner in nurturing environments where startups can thrive,” added Abdullah.
The Frisco-based firm is committed to partnering with, and investing in, additional startups and venture capital firms in the future. LaunchPad City targets companies operating in the social influencer space, digital media/entertainment, sport and eSports markets.
About LaunchPad City:
Based in Frisco, TX, business incubator LaunchPad City specializes in growing and supporting North Texas’ startup and innovation community. In partnership with the Frisco Economic Development Corporation, LaunchPad City champions supporting digital media/entertainment, social influencer, sport, and eSports startup companies. For more information visit http://www.launchpadcity.com.
About Blossom Street:
Based in Dallas, TX, venture capital firm Blossom Street Ventures specializes in mid-stage venture investment into B2B or B2C models including enterprise software, e-commerce, and services. For more information visit http://www.blossomstreetventures.com.