Loading organizations...
New Orleans Startup Fund operates as a non-profit evergreen seed fund dedicated to cultivating the entrepreneurial landscape of the Greater New Orleans region. It actively invests in and provides strategic guidance to early-stage ventures. The fund's approach focuses on nurturing promising local businesses to enhance their potential for growth and positive economic impact within the community.
Established in 2010, the organization was founded by a coalition of business and financial leaders from the Greater New Orleans area. This collective recognized the critical need for accessible seed capital and expert mentorship to stimulate job creation and foster economic prosperity in the region, providing the foundational insight for its formation.
The fund's primary beneficiaries are early-stage companies and entrepreneurs located within Southeast Louisiana, who receive crucial growth capital and support. New Orleans Startup Fund’s enduring vision is to champion sustainable economic development and foster a vibrant, resilient entrepreneurial ecosystem, ultimately creating widespread opportunities and employment across the metropolitan area.
New Orleans Startup Fund has 1 tracked investment across 1 company. The latest tracked deal is $2.0M Seed in AdverCar in October 2012.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2012 | AdverCar | $2.0M Seed | Deepak Kamra | Canaan Partners, Sapphire Ventures, Union Square Advisors LLC, JIT Saxena, JIM Mccann, Branford Castle Private Equity, TIE Angels Boston |