Tuesday, November 29, 2016
Pritzker Group Boosts Focus On Los Angeles Startups, Moves Partner To LA
Chicago-based venture capital investor Pritzker Group Venture Capital announced this morning that it is expanding its efforts to invest in early stage companies in Los Angeles, and has moved partner Gabe Greenbaum to Los Angeles. Greenbaum had been based at Pritzker's home office in Chicago. ACcording to Pritzker Group, it is targeting investments in early stage companies in enterprise, emerging technology, consumer and health care IT, including companies workin on artificial intelligence, internet of things, and virtual reality. Pritzker says it has invested in such local companies as Dollar Shave Club, Honest Company, and Hello Giggles. The venture investor said it generally makes investments in the $3M to $8M range, with $15M to $20M invested in the life of a company, but ability to invest up to $50M in any one company. The company also said it will look to invest smaller amount of capital in "unique" opportunities.