Bohemia, NY (PRWEB) October 25, 2013
Financing expert Alec Sohmer comments on an article published by the Chicago Tribune on October 16th , which discusses how many Chicago venture capital investment companies recovered from a feeble first half.
According to the Chicago Tribune article titled “Pace of Chicago venture capital investment picks up in Q3,” a new report from Dow Jones VentureSource revealed Chicago-area venture capitalists and fundraising companies have made a slight comeback after a dismal first half of the year. The article says these companies sealed 25 deals last quarter, which generated over $133.8 million. That’s a steep incline compared to the first half of the year, which only saw $74.25 million and 28 deals spread across two quarters.
However, even with the rise in fundraising activity last quarter, the article says 2013 will still be considered the worst year for venture capital investment in the city in the past four years.
Alec Sohmer, a financing specialist and founder of Plymouth Rock Capital, expects venture capital investments to grow in the last quarter as the economy continues to recover from the recession. “Chicago has been flourishing the past four years in terms of investment deals and fundraising opportunities,” he says. “Hiccups in the economy caused a lull, but I’m pretty confident that investors will continue to fundraise the promising start ups that Chicago has to offer in the next quarter. The digital technology sector is looking like a safe bet for investors and I think that’s where we will seeing the most growth in the coming months.”
Alec Sohmer, a strategic financing leader and co-founder of Plymouth Rock Capital, has 20 years of Board-level experience. He has served in many interim management positions for businesses requiring significant turnaround or restructuring. He is able to increase revenue streams by utilizing a variety of line management techniques. In his two decades of experience, he has dramatically increased revenues of businesses by identifying untapped markets.