New VC Fund Targets Angel Groups

A new, Los Angeles venture capital fund, Angel-Led Venture Partners, is looking to tap into angel investors groups with a new fund. Kelly Perdew, past winner of The Apprentice, and Luis Villalobos, founder of the Tech Coast Angels are in the process of raising a new venture capital fund with a focus on the angel market. According to Perdew, the fund aims to fill the gap between angels and average VC funds, and will target angel groups looking for friendly money to round out investment deals. The fund will work with angel funding groups to leverage the angel group early stage investing deal flow, and plans to mostly follow those groups into deals as opposed to leading rounds. Angel-Led Venture Partners will look to angel groups to feed its pipeline for deals, and is in the midst of fund raising. More information »