A new logistics-focused venture capital fund has launched in Richmond and Atlanta to help solve America’s supply chain problem through innovation.
Venture 53 was co-founded in November by Richmond-based Pat Martin and Atlanta-based Dan White.
“The best help we can give to founders in this space is a faster path to profitability,” Martin said. “We want to work with companies during the years where most early companies fail.”
Amy Mack, Venture 53 spokesperson, said the fund provides strategic funds to help startups focus on resolving current inefficiencies caused by pandemic-related challenges.
Mack said Venture 53 is the only early-stage venture capital fund specializing solely in transportation and logistics-related technology companies.
“Our goal as a VC firm is to let people know Venture 53 is open for business, and we have capital to deploy beginning in (the first quarter of) 2022,” she said. “If there is anyone interested in solving America’s supply chain…
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