venVelo Closes On Additional Funding


venVelo, a Winter Park venture fund and business accelerator focused on early-stage investments, has closed on additional funding.  Financial terms were not disclosed.  In conjunction with the funding, venVelo will add three new board members, including John Caron, the former president of Olive Garden at Darden Restaurants and a former vice president and general manager for Unilever. “venVelo has brought together a strong team with a great diversity of experience,” said Caron, “and I welcome the chance to the join the venVelo board and work closely with our portfolio companies.”  “Certainly we are pleased that venVelo continues to attract fresh capital,” said Richard Licursi, CEO and co-founder of venVelo. “We view these latest investments as a vote of confidence for our deal-vetting model and the mentoring and support we provide to our portfolio companies.”