Atlanta-based Mosley Ventures has received a $3.25 million investment from Invest Georgia, a state-run venture capital fund.
The General Assembly created Invest Georgia back in 2013, an initiative of Lt. Gov. Casey Cagle, to boost investment in Georgia-based growth and early-stage companies
The VC fund was allocated $20 million out of an allowed $100 million to date from the state, but has received $15 million at year-end.
The $31 million Mosley Ventures fund has invested in nearly 20 companies since launching four years ago. The fund invests in seed-and-early stage companies in cybersecurity, digital media, machine learning and mobility.
Mosley Ventures was launched by super angel Sig Mosley, who for more than two decades invested in more than 130 Atlanta tech startups on behalf of software entrepreneur John P. Imlay Jr.
Invest Georgia, last year, considered a shortlist of three Georgia venture funds for investment, said Knox Massey, executive director of Invest Georgia.
“Sig is one of the most prolific Georgia-based investors,” Massey said. “We did three months of due diligence and feel it’s a great choice for the Invest Georgia program and for the Georgia community.”
In 2015, Invest Georgia invested $3 million in TTV Capital, IV, a financial services-focused venture capital fund.
Source: Invest Georgia plows $3.25 million into Mosley Ventures – Atlanta Business Chronicle
