Florida Funders kicks off new investment fund, eyeing a $75 million total

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    After closing its $18 million fund in August of this year, Florida Funders is onto round two: a $10 million fund with aspirations toward a $75 million total, that’s already made its first investment.

    Florida Funders, which is hybrid of a venture capital fund and accredited investor network, closed on the $10 million on Nov. 18, according to U.S. Securities and Exchange Commission filings. Florida Funder officials stated this is the first closing of an eventual $75 million fund. The first closing was raised by 29 people, according to the SEC filing.