Wednesday, November 18, 2015
Oversee.Net's Lawrence Ng Sets Up Startup Incubation Fund
Lawrence Ng, the co-founder of Oversee.net, said this morning that it has launched a new, startup fund called the OnRamp Fund, a $10M, international incubation fund that invests in early stage startups. OnRamp Fund said it will offer up access to mentoring and advisors, funding, and cross-border support for its startups, particularly with those looking to reach across the United States, Taiwan, and China. The company said one of its first investments is bridal retailer SimplyBridal. Ng started Oversee.net in 2008, and he and his co-founders eventually sold the company to Oak Hill Capital for $150M. OnRamp said its advisors include Brian Liu (Legalzoom), Scott Jarus (EV Connect), Jamie Lin (AppWorks), Eytan Elbaz (Opposing Views), and Gene Morphis (formerly of David's Bridal).