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Salveo Capital Announces Launch Of Cannabis Fund
  • USA - English


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Salveo Capital

Jul 26, 2016, 09:00 ET

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Salveo Capital
Salveo Capital

“I am excited to be part of this highly qualified Salveo team that brings together strong investment and cannabis sector expertise” said Michael Gruber. “We continue to have great access to exciting opportunities and quality management.”

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Chicago, IL (PRWEB) July 26, 2016 -- Salveo Capital LLC announces the re-launch of Salveo Fund I, LLC (“Fund”) with the addition of Michael Gruber (Managing Partner), Jeffrey Howard (Managing Partner) and Achint Prabhat (Director of Fund Operations) to the existing team of Alex Thiersch (Partner), John Dohm (Partner) and Eric Atienza (Director of Communications). Salveo is a venture capital fund with offices in Chicago, Illinois, that will invest in emerging growth companies within the cannabis sector. The addition of the new team members brings valuable investment, fund management, capital markets and due diligence experience to complement the existing team.

Michael Gruber has over 20 years of experience working with early stage investments, particularly in the information technology, financial services, energy, and agriculture sectors. Mr. Gruber has founded and run several private investment organizations of high net worth investors and family offices focused on growth stage investments, including Cornerstone Angels and its affiliate Cornerstone Opportunity Partners, LLC. Collectively, the portfolio companies have raised in excess of $2.5 Billion in capital. Mr. Gruber is a founding Partner of Independence Equity, a committed venture capital fund with key areas of investment interest including: water; energy efficiency; material science; and agriculture.

Jeffrey Howard spent 21 years on Wall Street in roles of increasing responsibility. Mr. Howard’s last role on Wall Street was with the Royal Bank of Scotland (RBS) where he was a Managing Director – Global Head of Prime Services. His responsibilities included running global Futures, OTC Clearing, Interest Rate Prime Brokerage and FX Prime Brokerage. In that role he managed 90+ people across North America, EMEA & Asia Pacific, was responsible for the growth strategy of $150 million business and managed a $50 million front-to-back budget. Mr. Howard leverages his 20+ years of senior-level capital markets experience to source deals and perform due diligence on emerging cannabis focused companies, while providing financial & operational risk management guidance.

“I am excited to be part of this highly qualified Salveo team that brings together strong investment and cannabis sector expertise” said Michael Gruber. “We continue to have great access to exciting opportunities and quality management.”

Salveo's primary investment focus will be early stage businesses enabling the cannabis industry, but which are generally ancillary to the production or processing of the plant and not subject to state regulations. Key areas of interest include: Financial, Payments & Banking; Grow Systems, Agriculture & Operations; Software, Digital & Internet; Chemistry, Science & Genetics; and Business Services.

The Fund will be a committed capital fund and will only be available to accredited investors and qualified purchasers. The Fund’s objective is to achieve long-term capital appreciation by investing in early-stage companies servicing the cannabis industry.

Alex Thiersch, Salveo Capital, http://www.salveocapital.com, +1 312-981-0991, [email protected]

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