Salveo Capital Is Funding the Future of Marijuana
Chicago, IL (PRWEB) February 23, 2015 -- Salveo Capital, a Chicago-based private equity firm, announced today that it is seeking to invest in the legal marijuana industry in both Illinois and across the United States. The fund will target aggregate investments in the marijuana industry between $15 million and $25 million, which would make it one of the largest cannabis-focused private equity funds in the nation.
According to Managing Principal Alex Thiersch, Salveo Capital is looking to invest in a wide range of cannabis-related opportunities. This includes companies that cultivate and dispense legal marijuana, as well as companies offering ancillary products, support services, and technological solutions.
Salveo’s mission, according to Thiersch, is to invest in young, ambitious companies entering the emerging legal marijuana marketplace. "We're not only interested in existing businesses,” said Thiersch. “We're investing in new ideas and building companies from the ground up."
The company has already received proposals from entrepreneurs looking for capital in several states, including Oregon, Colorado, Ohio, and its home state of Illinois.
Thiersch and his business partner, John Dohm, formed Salveo Capital after raising funds, developing business plans, and establishing industry contacts in support of six cultivation center and dispensary applications in Illinois. According to Thiersch, this experience enables Salveo Capital to support cannabis-related startups with both much-needed investment capital, and real-world experience.
“Salveo is built upon the idea that this industry needs professionalism, maturity, and consistency to continue its growth,” Thiersch said, “and that’s exactly what we bring to the table." Thiersch said these core values are built into the company’s ethos, and it is committed to building brands in the legal marijuana space that are devoted to the same.
Salveo Capital is a private equity firm dedicated to building a modern, responsible, and experienced legal cannabis industry in the United States. Based in Chicago, Illinois the company is poised to grow as cannabis legalization spreads throughout the Midwest and the East Coast.
More information can be found at http://www.salveocap.com.
Alex Thiersch, Salveo Capital, http://www.salveocap.com, +1 312-981-0991, [email protected]
Share this article