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Fundraising in Milwaukee: Top Venture Capital Firms and Startup Resources
In recent years, Milwaukee has seen a surge in venture capital activity, with local startups raising millions and attracting attention from both regional and national investors. Notably, Milwaukee is home to gener8tor, a nationally ranked accelerator, and a growing roster of VC firms and angel groups that are fueling the city’s transformation into a tech and innovation hub. The city’s collaborative spirit is evident in its thriving networking scene, with events like Milwaukee Startup Week and organizations such as the Milwaukee Tech Hub Coalition and Startup Milwaukee providing founders with mentorship, resources, and direct access to investors.
With a lower cost of living, access to top talent from universities like UW-Milwaukee and Marquette, and a strong commitment to inclusive innovation, Milwaukee is attracting founders who want to build, scale, and fundraise in a supportive and fast-growing ecosystem. Whether you’re seeking your first check or looking to join a vibrant community of entrepreneurs, Milwaukee’s VC landscape offers a wealth of opportunities for ambitious founders.
Top Milwaukee VCs and Angel Investors
gener8tor
About: gener8tor is a nationally ranked, concierge accelerator that invests in high-growth startups.
Sweetspot check size: $ 100K
Capital Midwest Fund
About: Capital Midwest Fund invests primarily on investments where companies have excellent management and technology, are performing an important function, and will address significant markets. They look for management with successful previous experience; markets that are established and growing; defensible IP positions; and sustainable competitive advantages.
VC 414
We invest in courageous entrepreneurs who are building products that advance socio-economic prosperity. Our priority is to fund women or founders otherwise undercapitalized in the venture capital ecosystem.
CSA Partners
About: CSA Partners, LLC is a venture fund investing in early stage, high growth, companies located in the Midwest, with particular focus in Wisconsin. We look to partner with entrepreneurs to help them build and grow great innovative companies in our community.
Wisconsin Valley Ventures
About: WVV is a $100M early-stage venture capital fund established as a joint-venture between Foxconn, Advocate Aurora Health, Johnson Controls, and Northwestern Mutual. We target transformation and interdisciplinary innovations in health care, technology, manufacturing and financial services. Our unique partnership among four leading companies enables us to support our portfolio companies at a deeper level than traditional venture capital funds.
Golden Angels Investors
About: Golden Angels Investors is a member led organization of over 100 investors committed to funding and helping great young companies from pitch through a successful exit. Our members are entrepreneurs, CEO's, venture capitalists and professionals who have founded, founded and built world-class companies.
We come from a wide range of industry expertise and together create an extensive network of entrepreneurial support. We mentor and coach the companies we invest in.
Thesis: We are generally interested in opportunities in fintech, edtech, healthcare, hi-tech, and services in large and growing markets with proprietary intellectual property and a great team.
Mason Wells
About: Mason Wells is a highly experienced and active Midwest-based private equity firm that has raised over $2.4
billion across five independent buyout funds, including Mason Wells Buyout Fund V, a $767 million fund raised in 2021. Our longstanding approach to private equity revolves around the investment we make in people, the enduring partnerships we build with
management teams, and the deep network of industry resources we provide.
BrightStar Wisconsin Foundation
About: BrightStar Wisconsin Foundation, Inc. is a 501(c)(3) organization committed to getting capital to Wisconsin entrepreneurs. Why? They are the most efficient and effective creators of jobs, talent, innovation, and value that our state has. The proven model is simple: we accept donations and then use those funds to make equity investments into Wisconsin early-stage tech companies. When these investments are successful, returns are re-deployed into more entrepreneurs in our great state.
Key Networking Opportunities and Events for Milwaukee Founders
Milwaukee’s startup ecosystem thrives on its strong sense of community and the abundance of networking opportunities available to founders. Whether you’re looking to meet investors, connect with fellow entrepreneurs, or pitch your startup, Milwaukee offers a variety of events, competitions, and groups designed to help founders build relationships and accelerate their growth. Here are some of the most impactful networking opportunities and events for Milwaukee founders in 2025:
Milwaukee Startup Week
Milwaukee Startup Week is one of the city’s flagship events, bringing together entrepreneurs, investors, corporate leaders, and community members for a week of workshops, panels, pitch competitions, and networking sessions. The event is designed to celebrate local innovation and provide founders with direct access to resources and connections that can help them scale their businesses.
gener8tor Accelerator and gBETA Milwaukee
gener8tor is a nationally ranked accelerator with a strong presence in Milwaukee. Its gBETA program offers free, seven-week accelerator sessions for early-stage startups, culminating in a public pitch night where founders can showcase their companies to investors and the broader community. gener8tor also hosts regular networking events, office hours, and educational workshops.
Milwaukee Tech Hub Coalition Events
The Milwaukee Tech Hub Coalition organizes a range of events throughout the year, including hackathons, innovation summits, and networking mixers. Their annual Tech Week is a highlight, featuring sessions on emerging technologies, startup funding, and talent development. The coalition’s events are designed to foster collaboration and drive growth in the local tech ecosystem.
Startup Milwaukee and Startup Milwaukee Week
Startup Milwaukee is a community-driven organization that hosts regular meetups, educational workshops, and the annual Startup Milwaukee Week. These events provide founders with opportunities to learn from experienced entrepreneurs, connect with potential co-founders, and meet local investors.
Ward4 Networking Events
Ward4 is a prominent co-working space and innovation hub in downtown Milwaukee. It regularly hosts pitch nights, founder roundtables, and networking happy hours, making it a go-to spot for early-stage entrepreneurs looking to expand their networks.
Social X MKE
Social X MKE is a young professional diversity and inclusion group that hosts networking events, professional development workshops, and social gatherings. Their events are a great way for founders to tap into Milwaukee’s diverse talent pool and build inclusive teams.
Milwaukee Business Journal Events
The Milwaukee Business Journal hosts a variety of business-focused events, including Power Breakfasts, 40 Under 40, and industry roundtables. These events attract influential business leaders, investors, and policymakers.
Why Milwaukee is a Rising Hub for Startups and Venture Capital
Milwaukee has rapidly emerged as one of the Midwest’s most promising cities for startups and venture capital, drawing attention from founders and investors alike. Once known primarily for its manufacturing legacy, Milwaukee is now recognized for its vibrant entrepreneurial ecosystem, robust support networks, and increasing access to capital. Here’s why more founders are choosing to build and fundraise in Milwaukee:
Strong Growth in Startup Activity and Investment
Milwaukee’s startup scene has seen significant momentum in recent years. According to the Wisconsin Policy Forum, venture capital investment in the Milwaukee region has grown steadily, with local startups attracting millions in funding across sectors like healthtech, advanced manufacturing, fintech, and SaaS. The city is home to a growing number of venture capital firms, angel investors, and accelerators, making it easier for founders to access early-stage and growth capital than ever before.
Collaborative and Supportive Ecosystem
Milwaukee’s entrepreneurial community is known for its collaborative spirit. Organizations such as Startup Milwaukee, the Milwaukee Tech Hub Coalition, and gener8tor (a nationally recognized accelerator with a strong local presence) provide founders with mentorship, networking, and resources. The city’s co-working spaces, such as Ward4, foster connections between founders, investors, and corporate partners, creating a supportive environment for innovation and growth.
Access to Top Talent and Research Institutions
Milwaukee benefits from a strong pipeline of talent, thanks to its proximity to leading universities like the University of Wisconsin-Milwaukee and Marquette University. These institutions not only produce skilled graduates in engineering, business, and computer science but also support research commercialization and tech transfer, fueling the city’s innovation engine.
Cost Advantages and Quality of Life
Compared to coastal tech hubs, Milwaukee offers a lower cost of living and more affordable office space, allowing startups to extend their runway and attract talent seeking a high quality of life. The city’s vibrant arts scene, diverse neighborhoods, and access to Lake Michigan make it an attractive destination for both founders and employees.
Increasing National Recognition
Milwaukee is gaining national attention as a startup destination. The city has been featured in reports highlighting the Midwest’s rise as a tech and innovation hub, and local startups have secured funding from both regional and national investors. This growing recognition is helping to attract more capital, talent, and resources to the region.
Focus on Inclusive Innovation
Milwaukee’s ecosystem is also notable for its commitment to inclusive innovation. Initiatives like the Milwaukee Tech Hub Coalition’s diversity programs and local accelerators’ outreach to underrepresented founders are helping to ensure that the city’s growth benefits a broad range of entrepreneurs.
Strategic Location and Industry Strengths
Located between Chicago and Minneapolis, Milwaukee offers strategic access to major markets and transportation networks. The city’s historical strengths in manufacturing, insurance, and healthcare have evolved into new opportunities in advanced manufacturing, medtech, and insurtech, attracting both startups and investors focused on these sectors.
Connect With Investors in Milwaukee Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Milwaukee' investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
Top VCs in Las Vegas: Best Investors & Startup Resources
Over the past decade, Las Vegas has undergone a rapid transformation from a city primarily known for entertainment and tourism into a vibrant and fast-growing startup ecosystem. A combination of strategic investments, a supportive business environment, and a growing community of entrepreneurs and investors drives this evolution.
The city’s transformation began with a concerted effort to diversify its economy beyond gaming and hospitality. Initiatives such as the Downtown Project, launched by Zappos founder Tony Hsieh, injected $350 million into revitalizing downtown Las Vegas, attracting startups, tech talent, and creative professionals to the area. This project laid the groundwork for a collaborative and innovative community that continues to thrive today.
The presence of organizations like StartUpNV, Nevada’s statewide startup accelerator and incubator, has further fueled the ecosystem by providing mentorship, funding, and networking opportunities for early-stage companies. Additionally, the University of Nevada, Las Vegas (UNLV) has played a pivotal role through initiatives like Black Fire Innovation, which connects students, researchers, and entrepreneurs to drive innovation in hospitality, gaming, and technology.
Top VCs and Investors in Las Vegas
StartUpNV
About: Nevada's Statewide Business Incubator and Startup Accelerator - Serving Entrepreneurs and Startup companies with locations in Las Vegas (HQ), Reno, and our rural counties.
Thesis: Our mission is to grow a robust and inclusive startup ecosystem and diversify Nevada’s economy – with the participation of all Nevadans
Sweetspot check size: $ 50K
Traction metrics requirements: > Scalable, Nevada based, and likely to reach a minimum mid-8 figure valuation within 5-7 years. > Full Time Founder / Founding Team – focused on an exit in less than 7-10 years. > MVP, Beta, or v 1.0 of offering complete – in market now / ready to start selling or take orders. > Raising pre-seed or seed round now – or within 90 days at the latest.
Redhills Ventures
About: Redhills Ventures is a private family investment firm specializing in companies with well-conceived business plans, experienced management teams, and high-growth potential.
Our team of seasoned investors brings a wealth of successful management experience in the financial, high-tech, and healthcare sectors, and have led companies through all stages of growth, from startup to IPO and beyond.
Dream Ventures
About: DREAM VENTURES is a female-focused fund and incubator. We have a simple focus: Connect female-owned businesses to AWESOME investors and land that DREAM deal you’ve always dreamed about.
Battle Born Venture
About: Battle Born Venture is Nevada's state venture capital program. It was created in 2013 to help our entrepreneurs stay local when it comes to fundraising. Since then, it has invested in high potential Nevadan startups, has co-invested with prestigious corporations and high profile venture capital firms, and has celebrated five exits.
Varkain
About: Varkain is a boutique seed investment firm focused on all industries, but has a particular interest in consumer technology.
RMR Capital
About: RMR Capital combines the best elements of the angel and venture capital communities. All funding decisions are made in-house, which lead to informed discussions and better results. With ideal investment sizes between $25K and $5MM, we have minority interests in portfolio companies and also act as lead investors.
RMR Capital has experience in franchising as well as building businesses from the ground up. We support companies we invest in by providing board level advice as well as support through all phases of business development from our team of dedicated in-house legal, marketing and operations specialists.
Rebel Venture Fund
About: Rebel Venture Fund (RVF) is a student-run, early stage venture capital fund that operates in conjunction with the University of Nevada Las Vegas. Student associates are involved in the entire investment process, from screening business plans to writing checks. The process is overseen by RVF management board, consisting of venture capitalists, angel investors, attorneys, entrepreneurs, and business executives. Rebel Venture Fund will typically make investments between $25,000 and $50,000.
CREAM
About: C.R.E.A.M. stands for Crypto Rules Everything Around Me. We are a leading new age strategic advisory and Investment firm that utilizes blockchain and crypto-economy to unleash the potential of enterprises and startups around the globe. Headquartered in Las Vegas, Nevada, we focus on the incubation and tokenization of premium, cutting-edge startups and mature companies.
Vantage Capital
About: Vantage Capital was founded in 2017 and has since developed a rich network of business partners. We make early and transformational investments in companies that have the potential to do great things. Our dedicated team is made up of seasoned investors who are looking to partner with hard-working, visionary entrepreneurs.
Business-Friendly Climate in Nevada: Taxes and State Initiatives
Nevada’s reputation as one of the most business-friendly states in the United States is well-deserved, particularly for startup founders and entrepreneurs. The state’s pro-business climate is anchored by a combination of favorable tax policies, robust incentive programs, and a supportive regulatory environment designed to help new ventures thrive.
Favorable Tax Structure
One of the most significant advantages for startups in Nevada is its exceptionally low tax burden. As of 2025, Nevada ranks 7th in the nation for its business climate, according to the State Business Tax Climate Index. Key tax benefits include:
No corporate income tax
No personal income tax
No franchise tax
No inventory tax
No inheritance/gift tax
No estate tax
This means founders can reinvest more of their earnings into growing their businesses, rather than paying high state taxes. Additionally, Nevada offers low-cost startup, regulatory, licensing, and annual fees, making it easier and more affordable to launch and operate a business in the state.
State Incentives and Abatements
Nevada’s state government actively encourages business growth through various incentive programs and tax abatements. These initiatives are designed to attract new companies, support job creation, and foster innovation. Some of the most notable programs include:
Sales and Use Tax Abatement: Startups can benefit from reduced sales and use tax rates on qualified capital equipment purchases, with rates as low as 2% for up to 20 years, depending on the county and the type of business.
Modified Business Tax Abatement: Eligible companies can receive a 50% abatement on the modified business tax rate for up to 10 years.
Personal Property Tax Abatement: Up to 50% abatement on personal property taxes for a maximum of 10 years.
Real Property Tax Abatement for Recycling: Up to 50% abatement for up to 10 years for businesses engaged in recycling or converting recycled material into energy.
Data Center and Aviation Abatements: Special abatements for data centers and aviation companies, including significant reductions in sales, use, and property taxes for qualifying investments and job creation.
To qualify for these abatements, companies typically need to meet criteria such as paying above-average wages, making a minimum capital investment, and creating a certain number of primary jobs. Companies must also offer medical insurance and cover at least 65% of the premium costs for employees.
Additional State Initiatives
Nevada’s commitment to fostering entrepreneurship extends beyond tax policy. The state has launched several programs to support startups, including:
State Small Business Credit Initiative (SSBCI): This federal-state partnership provides matching funds to Nevada-based startups, especially those participating in programs like StartUpNV, AngelNV, and FundNV. These funds help early-stage companies access the capital they need to grow.
Workforce Development and Training Grants: Nevada offers grants and support for employee training, helping startups build skilled teams.
Innovation-Based Economic Development: Programs like the Knowledge Fund and partnerships with local universities (e.g., UNLV’s Black Fire Innovation) provide resources for research, development, and commercialization of new technologies.
Streamlined Regulatory Environment
Nevada’s regulatory environment is designed to minimize bureaucratic hurdles for new businesses. The state offers a streamlined process for business registration and licensing, allowing startups to quickly establish a presence and focus on growth rather than red tape.
Key Events, Meetups, and Resources for Founders in Las Vegas
Las Vegas has rapidly become a hotspot for founders seeking not only capital but also a thriving, collaborative community. The city’s startup ecosystem is anchored by a robust calendar of events, active founder communities, and a growing network of coworking spaces and accelerators.
Must-Attend Events and Meetups
Tech AlleyTech Alley is a monthly event series that brings together founders, technologists, investors, and community leaders for networking, panel discussions, and startup showcases. It’s a cornerstone of the Las Vegas tech scene and a must for anyone looking to plug into the local ecosystem.
StartUp Vegas EventsStartUp Vegas hosts several recurring events designed to foster collaboration and support among founders:
LinkUp: Co-Working & Networking Day – Held monthly at WeWork Town Square, this event offers founders a chance to work side-by-side, share ideas, and build relationships in a relaxed coworking environment.
LevelUp: A Night to Elevate StartUps – A pitch and feedback event where founders present to a panel of investors and receive immediate mentorship and support.
RiseUp – A community event focused on empowering women in tech, featuring discussions, networking, and learning opportunities.
Las Vegas Startup WeekPart of the global Techstars network, Las Vegas Startup Week is a five-day, entrepreneur-led event featuring workshops, panels, pitch competitions, and networking sessions. It’s one of the largest gatherings of founders, investors, and ecosystem builders in the region.
Startup Champions Network SummitIn 2025, Las Vegas is hosting the Spring Ecosystem Builder Summit, drawing ecosystem builders, capital stewards, entrepreneurs, and policymakers from across the country. This event is a unique opportunity to connect with national leaders and learn about best practices in ecosystem development.
UNLV EventsThe University of Nevada, Las Vegas (UNLV) regularly hosts pitch competitions, innovation showcases, and networking events through its Troesh Center for Entrepreneurship and Innovation and Black Fire Innovation. These events are open to students and the broader founder community, providing access to university resources and talent.
Other Major Conferences Las Vegas also hosts world-class conferences that are highly relevant for founders, including:
Consumer Electronics Show (CES)
Adobe Summit (digital marketing and e-commerce)
Vegas Startup Week (with a dedicated marketing and growth track)
Accelerators and Incubators
Las Vegas is home to a growing number of accelerators and incubators that provide mentorship, funding, and community for early-stage startups:
StartUpNV: Nevada’s statewide accelerator and incubator, offering a nine-month program, access to capital, and a strong mentor network.
Downtown Project: Focused on revitalization and innovation in downtown Las Vegas, supporting startups across tech, arts, and hospitality.
Troesh Center for Entrepreneurship and Innovation: Based at UNLV, this center supports student and community entrepreneurs with education, mentorship, and funding opportunities.
Black Fire Innovation: A partnership between UNLV and Caesars Entertainment, this incubator accelerates startups in gaming and hospitality.
AFWERX: A U.S. Air Force innovation hub supporting dual-use technology startups.
Urban Chamber of Commerce: Provides resources and connections for minority and small business founders.
American Dream U: Focused on supporting military veterans and entrepreneurs with coworking, mentorship, and financial education.
Connect With Investors in Las Vegas Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Las Vegas' investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
How to Raise VC in Manchester: Top Investors, Grants, and Support for Startups
Manchester has rapidly emerged as the UK’s leading tech and startup hub outside of London, earning its reputation as the “engine room” of the Northern startup powerhouse. The city’s transformation from an industrial heartland to a digital innovation centre is underpinned by a unique blend of world-class universities, a supportive business ecosystem, and a growing network of investors and accelerators.
Over the past decade, Manchester has experienced remarkable growth in its startup ecosystem. The number of private companies headquartered in the region has increased by 46.5%, while the number of high-growth companies has soared by 78% in the same period, making Manchester one of the most dynamic areas for startup activity in the UK. The city is now home to over 1,600 startups, employing more than 60,000 people, and is widely recognized as the second-largest tech startup hub in the UK after London.
Manchester’s startup scene is not just about numbers—it’s about community and opportunity. The city regularly hosts high-profile networking events, demo days, and industry conferences, connecting founders with investors, mentors, and potential partners. Local government and business support organizations have doubled down on innovation, launching initiatives and a range of grant and loan programs to help startups scale.
In this guide, we’ll introduce you to the top venture capital firms in Machester along with helpful resources and other funding sources.
Top VCs and Investors in Manchester
Praetura Ventures
About: Praetura has been supporting SMEs since 2011, raising capital and investing in the early stages of business life cycles.
DSW Ventures
About: DSW Ventures is a national firm of seed and early-stage venture capital investment specialists focusing on regional UK growth businesses. We invest in technology and tech-led businesses with talented founders and a highly-scalable market position.
NorthEdge
About: NorthEdge manages £900m of private equity funds aimed at lower-mid market buy-out and development capital transactions.
We are looking to invest in like-minded businesses and management teams who have real ambition and the potential to shape global markets from the regional powerhouses.
Thesis: Our track record and the way we conduct ourselves sets us apart, and we put smart thinking and logical decision-making at the centre of everything we do. We are looking to invest typically between £2m – £45m in each business we back in growth and development capital, management buy-outs, equity release and buy-and-build opportunities. Our focus is on established businesses, typically with turnover greater than £5m and profits greater than £0.5m.
Based in Birmingham, Leeds and Manchester, we understand the engines of the regional economy because we are one.
KM Capital
About: KM Capital is a Manchester-based seed venture capital fund, looking to invest in early-stage, tech-driven businesses. Our funding team has founded or scaled three of the UK's most successful digital businesses of recent years.
We are a generalist fund but have a particular strength and specialism in consumer-focused companies.
Livingbridge
About: Livingbridge is a leading mid-market private equity firm. We empower businesses to unlock their true potential. This is investment done the right way, built on ambition and experience. Nobody has seen it all, but some get closer than others and since we started in 1999, we’ve supported over 170 investments. We take a flexible approach to investing, but we’re keenly focused on where we can add the most value, which is why we focus on four core sectors: technology, services, healthcare and education, and consumer.
We are an ambitious and international team with offices in London, Manchester, Australia and the US. It is our footprint, local knowledge and network that has supported the successful growth of our companies over the last 25 years, with many now household names.
GC Angels
About: High-innovation potential, early-stage businesses haven't always been able to access the growth capital they need. GC Angels was formed to respond this imbalance in the early-stage equity market across the North. We invest alongside angel investors and funds, de-risking and unlocking deals with a focus on exciting, high-growth opportunities innovating across digital, creative and technology sectors.
Thesis: We work with entrepreneurs based in the North raising equity between £25,000 - £2m to grow and scale their businesses.
Local Support: Grants, Accelerators, and Government Initiatives in Manchester
Manchester’s startup ecosystem is bolstered by a robust network of grants, accelerators, and government-backed initiatives designed to help founders access both dilutive (VC) and non-dilutive (grant, loan, and public) capital. Here’s a comprehensive overview of the most relevant support available in 2025, and how founders can strategically combine these resources for maximum impact.
Major Grants and Public Funding
Innovation Accelerator ProgrammeGreater Manchester is one of three UK regions piloting the £130 million Innovation Accelerator, led by Innovate UK and UK Research and Innovation. This programme funds transformative R&D projects in sectors like advanced materials, digital and tech, health innovation, and net zero. The initiative has already supported over 500 businesses and is extended through March 2026, providing direct funding and ecosystem support for startups and scaleups.
GC Business FinanceGC Business Finance offers a range of affordable business loans and services for startups unable to access mainstream funding. Products include Start Up Loans (£500–£25,000), Business Loans for Greater Manchester (£3,000–£100,000), and the North West Micro Fund (£25,000–£50,000). These are ideal for early-stage founders seeking non-dilutive capital to complement VC investment.
Business Growth Hub – Access to FinanceThe Business Growth Hub’s Access to Finance (A2F) service provides fully funded, bespoke support to help SMEs in Greater Manchester become investment-ready. Their finance specialists help founders identify and secure the most relevant public and private funding sources, including grants, loans, and equity.
Small Innovation GrantsGreater Manchester regularly offers innovation grants (e.g., up to £5,000) to help SMEs bring new products and services to market. These grants are often sector-specific and can be combined with private investment to accelerate growth.
Leading Accelerators and Incubators
Turing Innovation Catalyst Manchester (TIC Manchester)TIC Manchester runs a 6-month hybrid accelerator for AI-first startups, providing learning, mentoring, networking, and investment opportunities. The programme is open to pre-seed, seed, and Series A startups in health, net zero, and generative AI, and is a key part of the region’s Innovation Accelerator projects.
Manchester Digital – Startup ActivatorManchester Digital’s Startup Activator is a community-driven programme supporting founders from idea to early traction. It offers events, mentorship, and access to a vibrant tech community, helping startups connect with investors, accelerators, and other resources.
University-Led IncubatorsThe University of Manchester and Manchester Metropolitan University both run incubators and enterprise programmes, supporting spinouts and student-led startups with funding, mentorship, and workspace.
Turing Innovation Catalyst Manchester (TIC Manchester) AI Accelerator
A 6-month hybrid accelerator for AI-first startups, offering mentoring, investment opportunities, and demo days. The program culminates in a showcase event for founders to pitch to investors and the wider community.
ZEBOX UKA global accelerator and coworking hub in Manchester, ZEBOX offers flexible workspace, premium amenities, and exclusive monthly networking events with industry leaders.
Government and Local Authority Initiatives
Greater Manchester Combined Authority (GMCA)GMCA works closely with Innovate UK and local partners to deliver funding, skills support, and innovation programmes. Their ecosystem-oriented approach focuses on building interconnections and supporting high-growth sectors, including digital, health, and advanced manufacturing.
MIDAS ManchesterMIDAS, Manchester’s inward investment agency, provides guidance and signposting to all relevant funding, grants, and support services for startups. They help founders navigate the landscape of public and private capital, including angel investment, tax relief, and knowledge transfer partnerships.
Combining VC Funding with Non-Dilutive Capital
Manchester founders are increasingly blending VC investment with grants and public funding to extend runway and reduce dilution. For example, a startup might secure a grant from the Innovation Accelerator to fund R&D, while raising a seed round from a local VC to scale operations. Many accelerators and public programmes are designed to make startups more attractive to private investors by de-risking early-stage innovation.
Best Practices:
Use grants and public loans to fund product development, research, or market validation.
Leverage accelerator programmes for mentorship, investor introductions, and non-dilutive support.
Find VCs in our Connect Investor database and approach them with a clear plan for how public funding will accelerate growth and reduce risk.
Track all funding sources and milestones using a platform like Visible to streamline reporting and investor updates.
Connect With Investors in Manchester Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Manchester's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
North Carolina's VC Landscape: Top Investors & Resources
North Carolina has rapidly emerged as one of the Southeast’s most dynamic destinations for startup founders seeking venture capital, mentorship, and growth opportunities. With record-breaking funding rounds, a thriving innovation ecosystem, and a diverse network of investors, the state is home to some of the nation’s most active and founder-friendly VC firms.
In this guide, we’ll introduce you to the top venture capital firms fueling North Carolina’s startup boom, highlight the state’s sector strengths and innovation hubs, and share actionable resources to help you connect with the right investors and accelerate your fundraising journey.
Top VCs in North Carolina
IDEA Fund Partners
About: As one of the most active early-stage investment firms in the Southeast, we seek to serve the underserved through capital and guidance.
Sweetspot check size: $ 750K
Traction metrics requirements: $0 - 2 million of revenue
Thesis: As one of the oldest and most active early-stage investment firms based in the Southeast, our investment philosophy has been honed from years of experience. We fund entrepreneurs who are applying technology and business model innovations to industries in the earliest stages of digital disruption with an emphasis on underserved places and stages.
SJF Ventures
About: We are experienced venture capital investors who have been at the forefront of impact investing since 1999. We are passionate about generating extraordinary results, creating positive changes, and partnering with visionaries who combine these two.
Sweetspot check size: $ 5M
Thesis: SJF Ventures invests in high-growth companies creating a healthier, smarter and cleaner future. Our mission is to catalyze the development of highly successful businesses driving lasting, positive changes.
Salem Investment Partners
About: Salem Investment Partners is an investment firm based in North Carolina with over $350 million under management. We specialize in mezzanine debt and equity investments in privately-held businesses with $10-$75 million in revenue. We invest across a wide range of industries primarily in the eastern half of the US.
Charlotte Angel Fund
About: We are a large group of experienced, committed investors in early stage companies in a wide range of industries. Charlotte Angel Fund (CAF) is one of North Carolina’s most active angel investor groups and represents Charlotte's largest source of capital for high aspiration startups.
Good Growth Capital
About: Early stage VC firm known for its exceptional expertise in finding, cultivating and assessing complex science and deep-tech start-ups.
Pamlico Capital
About: Pamlico Capital seeks equity and buyout investments in growing businesses that serve the communications, healthcare, services and software industries. We are committed to developing successful partnerships with management teams and entrepreneurs and helping companies reach their full potential. For more than thirty years, the Pamlico Capital team has generated consistently high returns, investing approximately $4 billion.
Capitala Group
About: Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty-five years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses utilizing our flexible capital mandate which provides creative financing solutions to companies. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success.
Falfurrias Capital Partners
About: Falfurrias Management Partners is a Charlotte-based private equity investment firm that acquires or invests in lower, middle-market businesses. The firm was founded in 2006 by Hugh McColl, Jr., the former Chairman and CEO of Bank of America, and Marc Oken, the former CFO of Bank of America.
Plexus Capital
About: Plexus Capital invests across the United States in a variety of transaction types, including acquisitions, buyouts, recapitalizations, and growth capital. Since 2005, Plexus has raised over $2.2B* across seven committed funds and funded over $2.4B in over 189 companies. Plexus has built an institutional platform with a team of ~45 professionals based in Raleigh and Charlotte, NC. Our transaction experience has resulted in active working relationships with numerous third party due diligence providers, ensuring a smooth and efficient transaction process for management and the Company. We are value-add, long-term, patient investors who are committed to excellence in everything we do.
RevTech Labs Foundation
About: RevTech Labs Foundation is the bridge to growth and success for Founders. Maximizing the probability of success for high-potential startups is at the heart of everything we do. We leverage our broad networks of support to provide what we believe to be the most crucial needs for Founders when growing and scaling their startup - funding, mentorship, and visibility.
Sweetspot check size: $ 20K
The North Carolina Startup Ecosystem
Record Funding and Venture Capital Growth
From 2019 to 2023, the Charlotte region alone saw $1.5 billion raised across 261 venture capital deals, a dramatic increase from the minimal investment seen just a decade ago. This surge is mirrored across the state, with more startups successfully raising capital at all stages, from seed to late-stage growth. The region’s momentum is further highlighted by Charlotte’s leap into the top 10 of the Milken Institute’s Best-Performing Cities in 2024, and a record number of local companies making the Inc. 5000 list, including eight in the top 500—more than any year this century. Founders cite North Carolina’s strong business climate and high quality of life as key reasons for staying and building their companies locally.
Sector Strengths
North Carolina’s startup strengths are especially pronounced in software (SaaS), life sciences, fintech, and climate tech. The Research Triangle (Raleigh-Durham-Chapel Hill) is a national leader in biotech and health innovation, supported by world-class research universities and a robust talent pipeline. Charlotte, meanwhile, is emerging as a fintech powerhouse, leveraging its status as a major U.S. banking center. The state is also seeing rapid growth in climate tech, with more than 140 startups now active in this sector—up from 120 last year—spanning sub-sectors like sustainable agriculture, alternative proteins, clean energy, and water technology. The annual UNC Cleantech Summit and the updated North Carolina Climate Tech Market Map underscore the state’s leadership in this spac..
Research and University Impact
UNC Charlotte’s record $92 million in research expenditures and its new Carnegie R1 status (top research institution) are fueling innovation and commercialization. The opening of the Wake Forest University School of Medicine and the development of The Pearl, a new life sciences innovation district, are further cementing the region’s reputation as a hub for health and biotech startups.
Notable Cities and Innovation Hubs in North Carolina
Raleigh-Durham (The Research Triangle)
Home to three major research universities (Duke, UNC Chapel Hill, NC State), this region is a magnet for biotech, SaaS, and healthtech startups. The Triangle’s collaborative culture, access to top-tier talent, and strong investor presence make it a top destination for founders.
Charlotte
Charlotte’s startup ecosystem is thriving, with strengths in fintech, insurtech, and enterprise SaaS. The city’s financial sector roots, combined with a growing number of innovation districts and increased federal and private funding, are driving new company formation and scale-up success.
Chapel Hill
Chapel Hill, anchored by UNC, is a key player in the Triangle’s innovation ecosystem, particularly in healthtech, edtech, and university spinouts. The town’s proximity to both Durham and Raleigh allows founders to tap into a broad network of investors, mentors, and research resources.
Wilmington and Beyond
Wilmington is experiencing notable small business and tech growth, with key sectors like information technology and real estate projected to expand. The city’s job growth rate stands at 8.8% over the last five years, with small businesses accounting for two-thirds of net new jobs.
Emerging Hubs
Other cities such as Greensboro, Asheville, and Winston-Salem are also nurturing vibrant startup communities, often with a focus on health innovation, advanced manufacturing, and creative industries.
Key Events for North Carolina Startup Founders
North Carolina’s startup ecosystem thrives on a robust calendar of events, pitch competitions, and networking opportunities that connect founders, investors, and industry leaders. These gatherings are essential for building relationships, gaining exposure, and accessing resources that can accelerate your startup’s growth. Here are some of the most impactful events and opportunities for founders in 2025:
CED Venture Connect
CED Venture Connect is the Southeast’s premier capital summit, organized by the Council for Entrepreneurial Development. This multi-day event in Raleigh brings together high-growth tech and biotech companies, investors, and industry experts. Selected startups pitch live on multiple stages, gaining visibility and potential financial backing. The summit also features pre-conference networking and educational sessions, making it a must-attend for founders seeking capital and connections in North Carolina’s innovation economy.
NC TECH State of Tech Startup Showcase
The State of Tech Startup Showcase by NC TECH features five innovative North Carolina startups selected to demo and pitch to a virtual audience of business and technology leaders. This event is a unique opportunity for founders to present their ventures, receive feedback, and connect with potential investors and partners. Attendees can vote for their favorite startups, adding a competitive edge to the showcase.
RevTech Labs Accelerator Demo Day
RevTech Labs Accelerator in Charlotte is a leading program for fintech and insurtech startups. Its Demo Day is a high-profile event where participating startups pitch to a curated audience of investors, mentors, and corporate partners. The accelerator also offers a 12-week roadmap and extensive mentorship, making it a valuable resource for early-stage founders.
NC IDEA Micro and Seed Grant Pitch Events
NC IDEA is a cornerstone of North Carolina’s entrepreneurial support, offering Micro ($10K) and Seed ($50K) grants to early-stage, growth-oriented companies. The grant process includes pitch events where founders present their business models to a panel of judges. These events are not only funding opportunities but also excellent venues for networking and feedback.
Duke Startup Showcase
Hosted by Duke Innovation & Entrepreneurship, the Duke Startup Showcase is a flagship event featuring over 30 ventures and a main-stage pitch competition. The event draws more than 500 attendees from the Duke and broader Triangle community, offering founders a platform to pitch, network, and gain recognition.
LAUNCH Conference
LAUNCH is a dynamic event in Concord, NC, designed to empower startups with resources, mentorship, and networking. It features expert talks, hands-on workshops, and opportunities to connect with industry leaders—ideal for entrepreneurs looking to scale and build relationships.
The Blueprint Tour
Held in Charlotte, The Blueprint Tour offers actionable insights on branding, strategy, and growth. The event includes expert talks, networking sessions, and workshops, making it a valuable stop for founders seeking to refine their business approach and expand their network.
Devopsdays Raleigh
Devopsdays Raleigh is a key event for tech founders, offering hands-on insights into cloud, CI/CD, and continuous deployment. It’s a great opportunity to connect with Raleigh’s vibrant tech community and stay ahead of industry trends.
Health Innovation Pitch Party
This event, often held in Durham or Chapel Hill, brings together healthtech founders, investors, and industry professionals for a night of pitches, panel discussions, and networking. It’s a hotspot for those building in the life sciences and digital health sectors.
Connect With Investors in North Carolina Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of North Carolina's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
The Founder’s Guide to San Antonio’s Top VC Firms and Startup Resources
Imagine San Antonio as a hidden oasis for startups, where the cost of living is low, the talent pool is deep, and the community rallies behind every bold idea. If you’re building a startup in San Antonio, you’re in the right place- the city’s vibrant tech ecosystem, supportive community, and growing investor network are creating new opportunities for ambitious entrepreneurs.
In this guide, we’ll introduce you to the top venture capital firms actively funding startups in San Antonio, along with practical insights on how to connect with investors, leverage local resources, and make the most of the city’s unique advantages.
Top VCs in San Antonio
Active Capital
About: Active Capital is a venture firm focused on leading seed rounds for B2B SaaS companies outside of Silicon Valley.
Sweetspot check size: $ 750K
Traction metrics requirements: Pre-Seed: Product built and in market with users. Pre-revenue is ok. Seed: $20k MRR and growing swiftly each month (flexible)
Thesis: Active Capital is a venture firm designed to lead seed rounds for B2B SaaS companies outside of Silicon Valley.
Texas Next Capital
About: Texas Next Capital is a private equity partnership of like-minded Texas leaders and investors dedicated to building the next generation.
Thesis: Texas Next brings together decades of Texas business influence, know-how and values from our partners and advisors to help portfolio companies succeed in Texas and the global economy.
Scaleworks
About: Scaleworks coined the term Venture Equity — and manages three funds totaling $150M to invest on the venture equity thesis. Essentially that means Scaleworks invests for controlling stakes in B2B SaaS companies and operates them for high–growth.
Thesis: Scaleworks invests in and operates SaaS companies.
Geekdom Fund
About: Geekdom Fund is a venture capital fund that invests in early stage tech startups led by the strongest founders. Our partners are in the trenches with our companies. From weekly calls to biannual deep dives, we are always looking for ways to help out our portfolio companies. Whether it be pitch meetings, talents referrals, or grant writings.
Thesis: Though we focus on B2B SaaS we are also very interested in backing teams working on big ideas that take longer to come to market but have huge potential such as Robotics, Exoskeletons, Autonomous Machines, Blockchain and others. We’re normally writing $50k-$500k checks into Pre-seed and Seed tech startups. We hope to support you in your A round, as well. We rarely do Series A investments for new companies.
Alamo Angels
Alamo Angels is a fund + angel community of 135+ investors that invests and supports early-stage companies.
Holt Ventures
About: Holt Ventures is the venture capital firm that invests in the construction technology sector, infrastructure, and manufa
cturing sectors.
The San Antonio Startup Ecosystem
San Antonio has seen a 20% surge in new tech startups, with the ecosystem attracting over $300 million in investments in the past year alone. This momentum is reflected in the city’s vibrant event calendar, with San Antonio Startup Week drawing record crowds and offering more than 90 sessions for founders and tech professionals. The average tech salary in the city has also jumped to $112,057, a 13.3% increase from the previous year, signaling strong demand for talent and a healthy job market for tech workers.
Key Growth Sectors
Cybersecurity: Bolstered by significant defense contracts and a strong military presence, San Antonio is often referred to as “Cyber City USA.”
Biosciences and Healthcare Innovation: Startups like Hera Biotech are revolutionizing diagnostics and drug discovery, while the city’s established healthcare infrastructure supports ongoing innovation.
Artificial Intelligence and Robotics: Companies such as Plus One Robotics and Darkhive are at the forefront of AI and robotics, attracting both talent and capital.
PropTech and HealthTech: Real estate and healthcare technology startups are gaining traction, with platforms like Developmate and LASO Health streamlining processes and improving access to services.
Notable Exits
San Antonio’s startup scene has produced several notable exits and high-growth companies, including Xenex (germ-zapping robots), 6Connex (virtual event platforms), and Plus One Robotics. These success stories are fueling further interest from both local and national investors.
Funding Volume and Capital Access
The city’s small business landscape is projected to grow by 25% by 2025, supported by $26.8 million in American Rescue Plan Act funding and new zero-interest loan programs. However, there remains an annual unmet capital demand of $8.3 billion, especially in underserved communities, highlighting the ongoing need for improved access to funding and coordinated stakeholder support.
Key Advantages of Building a Startup in San Antonio
Affordable Cost of Living
San Antonio offers a significantly lower cost of living compared to other major tech hubs like Austin, Dallas, or San Francisco. This affordability allows startups to stretch their runway further, attract top talent, and invest more in growth rather than overhead.
Diverse and Growing Talent Pool
With a 25% projected growth in software development roles through 2031 and a strong pipeline of graduates from local universities, San Antonio provides access to a skilled and diverse workforce. The city’s collaborative culture, exemplified by organizations like Geekdom and RealCo Accelerator, fosters mentorship and knowledge sharing.
Supportive Community and Ecosystem
San Antonio’s startup community is known for its collaborative spirit. Founders, investors, and established companies work together to build a supportive environment. Major events like San Antonio Startup Week, Tech Fuel pitch competitions, and ongoing workshops provide ample opportunities for networking, learning, and fundraising.
Strategic Location and Economic Stability
San Antonio’s central location in Texas, combined with its robust economic base (including military, healthcare, tourism, and education), provides stability and access to a wide range of customers and partners. The city’s population growth and economic resilience further enhance its appeal for startups looking to scale.
Local Resources and Programs for San Antonio Founders
San Antonio’s startup ecosystem boasts a robust network of accelerators, incubators, coworking spaces, and government-backed initiatives, all designed to support founders in launching, growing, and scaling their ventures. Here’s a closer look at the most impactful resources available to local entrepreneurs:
Accelerators and Incubators
Geekdom
Geekdom is San Antonio’s flagship startup incubator and coworking space, located in the heart of downtown. It offers affordable workspace, mentorship, and a collaborative community for early-stage founders. Geekdom’s Pre-Accelerator and Community Fund programs provide seed funding, business development workshops, and access to a network of experienced mentors and investors. Geekdom has played a pivotal role in launching companies like Plus One Robotics and FloatMe.
Founder Institute San Antonio
The Founder Institute is a global pre-seed accelerator with a San Antonio chapter. It offers a structured program for idea-stage founders, connecting them with local and international mentors, and helping them build fundable companies.
Coworking Spaces
Geekdom (also an incubator, as above)
Geekdom’s downtown campus is the city’s largest coworking space, offering flexible memberships, private offices, and a vibrant community of entrepreneurs, freelancers, and tech professionals.
Venture X San Antonio
Venture X provides modern coworking and private office solutions for startups and small businesses, with amenities like high-speed internet, meeting rooms, and networking events.
The Impact Guild
A coworking space focused on social impact, The Impact Guild offers workspace, community events, and resources for mission-driven entrepreneurs and nonprofits.
Government-Backed Funding Initiatives
State Small Business Credit Initiative (SSBCI)
Texas has received $472 million through the SSBCI, with $354.1 million allocated to the Loan Guarantee Program. This initiative is designed to increase access to capital for small businesses, especially those in underserved communities. San Antonio startups can leverage these funds for working capital, equipment, and expansion.
City of San Antonio ARPA Small Business Grants
The city has allocated $26.8 million from the American Rescue Plan Act (ARPA) to support local small businesses through grants and a zero-interest loan program, in partnership with organizations like LiftFund.
Additional Support Organizations and Programs
Alamo Angels
Alamo Angels is a network of accredited investors supporting early-stage companies in San Antonio through capital, mentorship, and networking opportunities. They host regular pitch events and educational workshops for founders.
UTSA Small Business Development Center (SBDC)
The SBDC at the University of Texas at San Antonio offers free business advising, training, and resources for startups and small businesses, helping with everything from business planning to accessing capital.
San Antonio Economic Development Department
The city’s Economic Development Department provides incentives, business support services, and connections to local resources for startups and growing companies.
Connect With Investors in San Antonio Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of San Antonio's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
Orlando's Top Venture Capital Firms: A Founder's Guide to Funding
Raising capital in Orlando has never been more exciting—or more competitive. As the city’s tech and innovation scene continues to surge, founders are discovering a wealth of venture capital firms, accelerators, and networking opportunities. In this guide, you’ll find the most active Orlando-based investors, accelerators, incubators, and the key events and founder groups that can open doors to funding, mentorship, and lasting connections.
Top Orlando VCs
LEAD Sports
About: leAD Sports & Health Tech Partners sources, funds, and drives growth of early-stage sports & health tech startups globally. leAD works with groundbreaking solutions across the verticals of fan engagement, connected athletes, and health & well-being.
Sweetspot check size: $ 750K
Starter Studio
About: We are Central Florida’s only 501(c)3 nonprofit organization focused on accelerating tech and tech-enabled startups. We support founders through the early-stages of a startup, from validating their idea, developing an MVP or Prototype, building the infrastructure of a sustainable business, through first customer / first revenue, to preparing to meet with investors for pre-seed funding. We provide three world-class accelerator programs that offer tech founders the opportunity to learn the skills, competencies and business disciplines that help them address and mitigate the top 20 reasons 2 out of 3 tech startups fail in their first five years. The programs also provide founders with highly skilled coaches and subject matter experts, as well as personal introductions and connections into the broader tech ecosystem. We prepare pre-seed-ready starters to attract outside funding while also investing in eligible pre-seed-stage accelerator graduates through our own evergreen fund. StarterStudio is supported by donors and local governments as a stimulus to economic development and high-wage jobs.
Blackwood Holdings Group
About: Blackwood Holdings Group LLC is a multinational venture capital Firm with deep managerial and technical expertise capable of accelerating companies to market leadership. Blackwood, sponsors management buy-outs of privately owned businesses and subsidiaries or divisions of public companies with revenues between $5 million and $50 million. We seek investments in companies with solid fundamentals and provide financial transaction expertise which empowers management.
Penta Mezzanine Fund
About: Penta Mezzanine Fund is a private investment firm providing $2 to $15 million customized growth capital solutions to profitable, lower-middle-market companies nationwide. We look to invest our funds in established companies operated by experienced and proven management teams with a history of building enterprise value. Penta Mezzanine Fund was created by former industry executives and experienced investors who place a high value on their relationships with management teams.
Boxer Capital
About: Boxer Capital Management is a full life cycle investment firm, committed to fundamental, research-based investing in specialized and precision medicine companies across private and public markets.
Thesis: Innovation-focused investing in biotechnology companies that aim to drastically improve medicine.
Orlando Health Ventures
About: Orlando Health Ventures is advancing healthcare innovation by strategically investing in early stage companies and technologies that are transforming and disrupting the healthcare industry. Through a collaborative effort with our clinicians and leaders, Orlando Health Ventures sources, evaluates, and invests in innovative companies that demonstrate potential for a strong return on investment, high growth opportunity and that align with the mission of Orlando Health.
APC Holdings
About: APCH leads in alternative investments, specializing in private equity, private credit, infrastructure, and real estate. Our strategy integrates innovative financial approaches with a strong commitment to social impact, particularly empowering Minority Business Enterprises. Through strategic partnerships and demand-driven investments, we strive for strong returns while promoting sustainable growth and inclusivity in communities.
Top Accelerators and Incubators in Orlando
Orlando is home to a diverse range of accelerators and incubators, each offering unique programs, funding, and mentorship:
StarterStudio: Offers multiple accelerator tracks (Idea, Build, Seed) and provides funding, mentorship, and education for tech startups.
UCF Business Incubation Program: One of the largest university-affiliated incubators in the Southeast, supporting startups with office space, mentorship, and access to university resources.
VentureScaleUp: Focuses on high-growth, scalable startups, providing mentorship, workshops, and investor connections.
GuideWell Innovation: Specializes in healthtech, offering an 8-week accelerator with access to healthcare industry leaders and resources.
Burnout Game Ventures: Supports game development startups with funding, mentorship, and publishing support.
Goldstein Accelerator: Provides capital and mentorship for technology startups, with a focus on economic impact.
Rally: The Social Enterprise Accelerator: Supports social impact startups with a 16-week program, mentorship, and access to funding.
National Entrepreneur Center: Offers business support, training, and resources for entrepreneurs at all stages.
Prospera: Focused on Hispanic entrepreneurs, providing business assistance, training, and access to capital.
SBDC Central Florida: Offers free business consulting, training, and resources for small businesses and startups.
For a full list of 27+ accelerators and incubators in Orlando, see Starter Story’s 2025 Guide.
Key Events and Founder Groups in Orlando
Orlando’s startup ecosystem is vibrant and collaborative, offering founders a wealth of opportunities to connect, learn, and grow. Whether you’re seeking funding, mentorship, or peer support, the city’s events, accelerators, and founder groups are essential resources for any entrepreneur looking to scale a business in Central Florida.
Orlando Magic Venture Challenge: A high-profile pitch competition and showcase, the Orlando Magic Venture Challenge brings together early-stage startups, investors, and corporate partners. Winners receive funding, mentorship, and access to the Magic’s extensive business network. This event is a must for founders in sports, health, and entertainment tech.
StarterStudio Demo Days: StarterStudio, one of Orlando’s leading accelerators, hosts regular Demo Days where founders pitch to investors, mentors, and the broader community. These events are ideal for networking and gaining exposure to local VCs and angel investors.
UCF Business Incubation Program Showcases: The University of Central Florida’s incubator program regularly features pitch events and showcases, connecting founders with investors, advisors, and potential partners.
Orlando WEB3 Tech and Beer: A community of Web3 tech and data enthusiasts that are passionate about driving change and challenging the status quo through innovation.
Orlando Devs: A large community of software developers and tech professionals, offering meetups, hackathons, and online forums.
1 Million Cups Orlando: A weekly event where founders present their startups to a supportive audience and receive feedback and advice.
Synapse Orlando: A major annual innovation summit featuring panels, workshops, and networking with Florida’s top tech leaders.
Orlando Startup Weekend: A 54-hour event where founders, developers, and designers team up to launch new ventures.
The Pride Chamber: Orlando’s LGBTQ+ chamber of commerce, supporting LGBTQ+ entrepreneurs with networking, advocacy, and business resources.
NAWBO Orlando: The local chapter of the National Association of Women Business Owners, providing support, advocacy, and networking for women entrepreneurs.
Resource: For a comprehensive list of national and global startup events, see RocketDevs’ 56 Must-Attend 2025 Startup Events.
Connect With Investors in Orlando Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Orlando's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

investors
Customer Stories
Metrics and data
Case Study: Airtree Venture's Transformation with Visible
About Airtree Ventures
Airtree is a Sydney-based venture capital firm backing founders based in Australia and New Zealand building the iconic companies of tomorrow. The firm was founded in 2014 and is now deploying out of its 4th fund with $1.3 billion in assets under management. Their portfolio includes over 105+ portfolio companies and 250+ founders who have helped create over 17,000 jobs.
Airtree’s portfolio includes the region’s breakout technology companies, such as Canva, Go1, Employment Hero, Pet Circle, Immutable, and Linktree.
For this case study, we spoke to Dan Lombard who is the Data Lead at Airtree Ventures.
Related article: Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stake
Fragmented Systems and Processes Prior to Visible
Prior to the integration of Visible, Airtree relied heavily on a fragmented system of spreadsheets to manage their portfolio of 105+ companies. Each quarter, four employees were tasked with managing the relationships with the points of contact at 15 to 20 portfolio companies through manual outreach and communications. This reliance on spreadsheets resulted in inefficiencies and potential data loss, as spreadsheets are prone to break when modified.
Challenges With Data Accuracy and Scaling Manual Outreach to a Growing Portfolio
Before Visible, 80% of Airtree’s portfolio monitoring problem was having clean data and scaling outreach to their portfolio companies. They faced two primary challenges with their former system:
Operational Efficiency: Four team members spent significant time manually collecting data from over 100 companies every quarter. The Airtree team members were sending one-off email communications to each company and manually keeping track of who needed to be followed up with at each company which diverted resources from other critical projects they could be working on.
Data Integrity and Scalability: Frequent changes to the data in spreadsheets resulted in errors in the sheets and data loss, which caused frustration as there was no way of understanding which changes were made to the sheet and when. This process made it difficult to scale portfolio monitoring operations as Airtree grew.
Why Airtree Chose Visible as their Portfolio Monitoring Platform
Airtree chose Visible for its robust, scalable, and user-friendly platform. Key factors influencing their choice included:
Ease of Use and Customization: Visible's platform offered unparalleled customization and ease of use.
Support and Development: Visible’s team actively listened to feedback, offered best practices, and continuously invested in their product, ensuring a partnership that catered to Airtree’s evolving needs.
Automation and Integration: Visible excelled in automating portfolio monitoring and offered a frictionless experience for founders. Airtree leveraged the Visible API to seamlessly integrate data into their existing data warehouse system.
Airtree’s historical data collection process, previously led by four Airtree team members, is now a streamlined process led only by Dan, who leverages Visible Requests to collect data from their portfolio of 105+ companies. Visible Requests empowers Dan to send customized link-based data requests to each company, automate the email reminder process, and easily keep track of where companies are in the reporting process.
View an example Visible Request below.
Onboarded to Visible within 24 Hours
Visible provided Airtree with an efficient and supported onboarding. When asked about Airtree's onboarding with Visible Dan Lombard shared the following:
Visible stood out by enabling a swift and seamless transition that was operational in less than 24 hours, a stark contrast to other providers who estimated a quarter for full implementation. This rapid integration was facilitated by a comprehensive onboarding template provided by Visible.
Visible API & Airtree’s Data Infrastructure
With the implementation of Visible, Airtree wanted to take a more sophisticated approach to the way they handle their portfolio data with the goal of driving more valuable insights for their team. The approach needed to be automated, integrate with other data sources, and have a singular view accessible for the whole team. This was not possible when their data lived in disparate systems, files, and spreadsheets.
Dan Lombard has led the improvement of Airtree's data infrastructure. Now, data sources like Visible and Affinity are piped into Snowflake via recurring AWS Lambda jobs. Airtree leverages the Visible API daily. Dan mentioned that while Airtree collects data quarterly, a daily sync of the data is crucial because Airtree is always onboarding new companies, communicating with their founders, and uploading historical data.
“The Visible API gives us this level of daily fidelity and only takes the AWS Lambda job 5 minutes to populate an entire data architecture.”
- Dan Lombard, Data Lead at Airtree Ventures
Once the data is in their database, Snowflake handles the ETL and entity matching. Airtree then has Streamlit sit on top of Snowflake to query data, provision access, and build out new insights.
Advice for Other VC Firms Building Out Their Data Infrastructure
Don’t overcomplicate things to start. It is easy to get caught up in the bells and whistles. Dan recommends a bias towards simplicity. Start small and use it as a stepping stone as you build things out.
Conclusion
Airtree’s adoption of Visible transformed their portfolio management by automating key processes and centralizing data, thus enabling more strategic decision-making and efficient operations. The case of Airtree is a testament to how the right technological partnerships can profoundly impact business efficiency and data management.

founders
Fundraising
Maryland’s Top VCs and Resources for Startups
Maryland isn’t just the home of blue crabs and the Chesapeake Bay- it’s also a great place to launch and scale a startup. With billions in venture capital flowing through the state, a deep bench of tech talent, and direct access to federal agencies and world-class research institutions, Maryland founders are uniquely positioned to turn bold ideas into thriving businesses. But with so many funding options, accelerators, and networking events, where should you start? This guide will help you cut through the noise. You’ll discover Maryland’s top venture capital firms, insider tips for landing non-dilutive government grants, and the best events and accelerators to grow your network.
Top VCs in Maryland
New Markets Venture Partners
About: New Markets Venture Partners is an early and growth stage venture capital firm that invests in and helps build disruptive education, information technology and business services companies. We are one of the leading education technology-focused venture firms in the U.S. Each of our partners has many decades of investment and education experience. We maintain proprietary relationships with states, districts, universities and other centers of innovation that allow us to provide exceptional value to our portfolio companies. We help our portfolio companies succeed by adding value before, during, and after the investment process.
TDF Ventures
About: TDF Ventures is a venture capital firm that targets seed and Series A investments in technology companies.
Bonsal Capital
About: Bonsal Capital is a private investment company investing in technology and technology enabled services in education, healthcare and cyber security solutions.
Thesis: Bonsal Capital is a mission-driven partnership, and supporting education has been a core driver since our founding in 1999. With decades of experience in education as investors, practitioners, and volunteers, our principals have authentically grown a partnership that seeks founders and leaders who want to make a positive impact with a product and/or service, and who keep prospective scale and sustainability at the forefront. We support the growth of companies focused on tech-enabled services in education, and we have invested in and partnered with more than 20 such companies over the past two decades, providing human and financial capital, as well as other resources, that have made a positive impact on tens of millions of end users. We believe that, by fostering education, we can make the world a better place and feel good about our place in it.
Sterling Venture Partners
About: Sterling Partners is an investment management platform. We invest and manage across strategies and asset classes. We invest in companies in various stages of growth and across many industries, taking majority, minority, preferred equity, and even debt positions. We also invest in teams who bring their own experience and expertise and provide them with financial, strategic, and operational support. The people at Sterling believe in ideas and ideals, in people and partnerships that drive long-term success.
TCP Venture Capital
About: TCP Venture Capital is a Baltimore, Maryland-based early-stage technology focused venture capital firm. We partner with entrepreneurs to build great businesses. The Propel Baltimore Fund makes investments in early-stage technology companies willing to locate in Baltimore. The Fund addresses the critical need for more early-stage capital in Baltimore City, encourages more entrepreneurial activity in the City, creates more high-paying jobs, and helps to realize Baltimore City’s full potential as a destination for growing businesses.
Conscious Venture Lab
About: Conscious Venture Lab (CVL) is an early stage business accelerator with the goal of developing companies and leaders who embrace capitalism as a force for good in society. We work to help extraordinary entrepreneurs in their goal to build companies with societal purpose at their core; to give them all the tools and support they need to create engaged happy employees, loyal and joyful customers, deeply authentic partnerships, caring and safe communities and all manner of wealth for all their stakeholders.
Thesis: Conscious Venture Lab is an immersive 4-month, curriculum and mentor driven accelerator, We build companies focused on the power of purpose.
Camden Partners
About: Founded in 1995, Camden Partners is a growth equity firm that helps the management teams of enterprise software and technology-enabled companies scale their businesses. Camden has invested in 85 companies across six growth-equity funds and is known for providing creative and flexible growth capital. By focusing on the same strategy for over 25 years, the firm’s partners leverage deep domain expertise and a network of operating executives to help management teams grow revenue and cash flow. With initial equity checks between $5 million and $15 million, Camden is a preferred partner for owner-operators who are dilution sensitive.
Savano Capital Partners
Savano Capital Partners is a late stage venture fund investing in technology-driven businesses. About: We focus on investment opportunities in high-growth companies within the software, communications, e-commerce, technology-enabled services, healthcare and clean tech/alternative energy sectors. We partner with leading companies by providing liquidity to individual shareholders, such as former executives, angel investors and founders. The fund was founded by life-long venture capitalists and entrepreneurs who aim to work collaboratively with company management, venture investors and individual shareholders.
Early Light Ventures
About: The Early Light Ventures Fund is designed from the ground up to deliver incredible outcomes for the best founders in B2B SAAS.
ABS Capital
About: Since 1990, ABS Capital Partners has established a strong track record investing in later-stage growth companies in the business services, health care, media & communications, and software sectors. Opportunities and challenges change when companies enter the high growth phase. As a recognized leader in later-stage investing, they understand this point in a company's lifecycle.
Thesis: ABS Capital provides growth equity capital to B2B software and tech-enabled services businesses with strong technology and data underpinnings looking to scale with the right partners. Building businesses has been our passion for more than 30 years. Over that time, we have invested more than $2.5 billion in approximately 130 companies across eight funds. We bring our investing, operational, infrastructure, technology, and business development skills to amplify the success of growing businesses with data-driven business strategies, market research and analytics, and rolling up our sleeves to support talented management teams.
Boulder Ventures
About: Boulder Ventures was formed in 1995 to manage venture capital partnerships. They seek to realize superior returns from early-stage equity investment and active partnership with exceptional entrepreneurs to build market-leading technology companies. Boulder Ventures identifies exceptional entrepreneurs building market-leading technology companies and provides the funding, contacts and experience needed to succeed in today's highly competitive environment.
Tapping Into Government Contracts and Non-Dilutive Funding
Maryland is a national leader in winning federal research grants and government contracts, thanks to its proximity to Washington, D.C., a dense cluster of federal agencies, and a robust support ecosystem for startups. Here’s how founders can leverage these advantages:
SBIR/STTR Grants
The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide non-dilutive funding (i.e., you don’t give up equity) to startups developing innovative technologies. Maryland amplifies these opportunities with state and local matching grants, technical assistance, and proposal labs.
TEDCO SBIR/STTR Proposal Lab: TEDCO, Maryland’s leading innovation agency, offers a comprehensive SBIR/STTR Proposal Lab that helps founders write, review, and win federal grants. The lab has helped Maryland startups secure over $28 million in SBIR/STTR funding from agencies like NSF, NIH, NASA, and the Air Force. The program is especially supportive of women-owned, disadvantaged, and rural businesses.
Montgomery County SBIR/STTR Matching Grant Program: If your startup is in Montgomery County and working in biotech, medicine, or life sciences, you may be eligible for a local matching grant—up to $25,000 for Phase I and $50,000 for Phase II awards, plus a “Phase 0” grant to help with application costs.
Maryland State Matching Grants: The state budget includes $1.3 million for SBIR/STTR matching grants and $500,000 for technical assistance in 2025, helping bridge the funding gap between federal grant phases and commercialization.
Maryland APEX Accelerator: Formerly known as PTAC, the Maryland APEX Accelerator provides free counseling, training, and bid-matching services to help startups compete for federal, state, and local contracts—including SBIR/STTR opportunities.
OST Global Solutions SBIR/STTR Lab: In partnership with TEDCO and SBDC, OST runs a proposal lab that has helped Maryland companies win up to $305,000 in Phase I non-dilutive funding.
Key Steps to Access SBIR/STTR and Government Contracts:
Register your business in SAM.gov and other required federal databases.
Identify relevant agencies (NSF, NIH, DoD, etc.) and open solicitations that match your technology.
Leverage Maryland’s proposal labs and technical assistance to strengthen your application.
Apply for state and local matching grants to maximize your non-dilutive funding.
Use bid-matching and counseling services (like Maryland APEX Accelerator) to find and compete for government contracts.
Tips for Startups in Health Tech, Cybersecurity, and Defense to Win Government Contracts
1. Understand the Procurement Landscape: Maryland’s proximity to federal agencies (NIH, FDA, DoD, NSA, NIST) gives startups a unique edge. Health tech, cybersecurity, and defense are priority sectors for both SBIR/STTR and direct government contracts.
2. Build Relationships and Network: Attend local government contracting events, SBIR/STTR workshops, and industry days. Maryland APEX Accelerator and TEDCO regularly host training and matchmaking events.
3. Get Certified and Registered: Register as a small business, women-owned, minority-owned, or veteran-owned business if eligible—these certifications can open set-aside contract opportunities.
4. Focus on Compliance and Security: For cybersecurity and defense, ensure your company meets federal security standards (such as NIST 800-171 or CMMC for DoD contracts).
5. Leverage Local Support: Use Maryland’s free counseling, proposal review, and bid-matching services to improve your proposals and find the right opportunities.
6. Start Small, Scale Up: Begin with smaller contracts or Phase I SBIR/STTR awards to build a track record, then pursue larger Phase II/III awards or direct procurement.
7. Highlight Maryland’s Ecosystem in Your Proposals: Federal reviewers value proximity to agencies, access to top research universities, and Maryland’s innovation infrastructure—emphasize these strengths in your applications.
Additional Non-Dilutive Funding and Support Programs in Maryland
TEDCO Seed Funds and Tech Commercialization Grants: Early-stage funding for tech startups.
Maryland Industrial Partnerships (MIPS): Grants for university-industry R&D collaborations.
Maryland Entrepreneur Hub: Centralized resource for all state and local funding programs.
Maryland Small Business Development Financing Authority (MSBDFA): Financing for minority- and women-owned businesses.
Networking and Community: Key Events and Resources for Maryland Founders
Top Startup Events, Accelerators, and Meetups in Maryland
Startup Grind Maryland: Startup Grind Maryland is one of the state’s most active entrepreneurial communities, hosting monthly events, fireside chats, and workshops that connect founders, investors, and mentors. Their annual Accelerator Demo Day, in partnership with BWTech and FounderTrac, is a must-attend for startups looking to pitch to investors and join a global network.
Maryland Entrepreneur Hub Events: The Maryland Entrepreneur Hub curates a comprehensive calendar of local startup events, pitch competitions, workshops, and meetups across the state. This is a go-to resource for discovering both in-person and virtual opportunities to connect with the Maryland startup ecosystem.
Accelerate Investor Conference (Arlington, VA): While technically in Virginia, this annual conference (November 5-6, 2025) is a major regional event for Maryland founders, attracting VCs, angel investors, and corporate partners from the entire DC-Maryland-Virginia (DMV) area.
Local Meetups and Pitch Nights: Regular meetups, such as those organized by Startup Grind, TEDCO, and local coworking spaces, offer founders the chance to network informally, share experiences, and find collaborators. Many of these events are listed on the Maryland Entrepreneur Hub and Eventbrite.
TEDCO’s Entrepreneur Expo: TEDCO, Maryland’s leading innovation agency, hosts an annual Entrepreneur Expo that brings together hundreds of founders, investors, and ecosystem partners for a day of networking, panels, and pitch competitions.
Maryland APEX Accelerator Workshops: For founders interested in government contracting, the Maryland APEX Accelerator (formerly PTAC) offers free workshops and matchmaking events to help startups connect with procurement officers and other small businesses.
How to Leverage These Events and Resources for Fundraising and Growth
Build Investor Relationships Early: Attend pitch nights, demo days, and investor panels not just to pitch, but to start building relationships with VCs and angels. Investors often fund founders they know and trust, so regular presence at these events increases your visibility and credibility.
Refine Your Pitch and Get Feedback: Use pitch competitions and accelerator demo days to practice and refine your pitch. The feedback from judges and peers is invaluable for improving your fundraising materials and approach.
Expand Your Network: Meetups and workshops are ideal for finding co-founders, advisors, and early hires. Don’t just focus on investors—building a strong support network is key to long-term growth.
Stay on Top of Trends and Opportunities: Conferences and expos feature panels on the latest industry trends, regulatory changes, and funding opportunities. Attending these sessions can help you spot new markets and adapt your strategy.
Access Non-Dilutive Funding and Support: Many events, especially those run by TEDCO and Maryland APEX Accelerator, offer information on grants, government contracts, and other non-dilutive funding sources. Take advantage of these resources to diversify your funding strategy.
Follow Up and Nurture Connections: After each event, promptly follow up with new contacts on LinkedIn or via email. Personalized follow-ups can turn a brief meeting into a lasting partnership or investment opportunity.
Join Accelerator and Incubator Programs: Accelerators like the Maryland Startup Accelerator and sector-specific programs in Baltimore provide structured mentorship, access to investors, and a community of peers—all of which can accelerate your fundraising and growth.
Connect With Investors in Maryland Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Maryland's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

investors
Metrics and data
The Standard Metrics to Collect for VC Portfolio Monitoring
Visible supports hundreds of investors around the world to streamline their portfolio monitoring. One of the most common questions we receive is — what metrics should I be collecting from my portfolio companies?
Everyone from Emerging Managers writing their first checks to established VC firms ask this question because they want to make sure they're monitoring their portfolio companies in the most effective way possible.
The Standard Metrics Value-Add Investors Should be Monitoring
It’s important to know which metrics are the best to collect from portfolio companies so that investors can extract the maximum amount of insight from the least number of metrics. This streamlined approach is easiest for founders and allows investors to get what they need to provide better support to their companies, inform future investment decisions, and have good records in place for LP reporting or fundraising.
Below we outline the six most common metrics investors collect from portfolio companies.
1) Revenue
Definition: Money generated from normal business operations for the reporting period; also known as ‘net sales’. We recommend excluding ‘other revenue’ from secondary activities and excluding cash from fundraising.
Revenue tells you how a company’s sales are performing.
This metric is a key indicator for how a business is doing. It can be analyzed to understand if new marketing strategies are working, how a change in pricing might affect the demand for a good or service, and the pace of growth in a market.
By asking for revenue from just ‘normal business operations’ you’re excluding money a company could also be making from secondary activities that are non-integral to their business. This helps keep the revenue data more precise, allows you to compare the metric more accurately across the portfolio, and will allow you to use it more accurately in other metric formulas such as Net Income.
Visible helps over 400+ VCs streamline the way they collect data from companies with Requests. Check out a Request example below.
2) Cash Balance
Definition: The amount of cash a company has in the bank at the end of a reporting period.
Cash Balance is an important indicator of ‘life expectancy’.
This metric is essential to track because it tells you about the financial stability and risk level of the company. There’s no bluffing with this Cash Balance metric. A company either has a healthy amount of cash in the bank at the end of its reporting or they don’t. Cash balance also gives you an idea of how soon a company will need to kick off its next round of financing.
3) Monthly Net Burn
Definition: The rate at which a company uses money taking income into account. The monthly burn rate will be positive for companies that are not yet profitable and negative for companies that are considered profitable. Net burn is usually reported as monthly and calculated by subtracting a company’s ending cash balance from its starting cash balance and dividing that by the number of months for the period. We recommend collecting this metric from companies on a quarterly basis but still asking for the monthly rate — this helps rule out any one-off variability.
Monthly Net Burn = (Starting cash balance – ending cash balance) / months
Monthly Net Burn is an indicator of operational efficiency.
This metric becomes even more relevant during market downturns when the focus shifts from growth at all costs to growth with operational efficiency. This is a good metric to benchmark and compare across all companies in your portfolio.
You can also use this metric to calculate a key metric, Cash Runway.
Related resource: Burn Rate: What It Is and How to Calculate It
Related resource: How to Reduce Burn Rate: 8 Cost-Saving Strategies for Startups
4) Cash Runway
Definition: Cash runway is the number of months a business can survive before it runs out of cash. It can be calculated as:
Runway = Cash Balance / Monthly Net Burn
Cash runway tells you when a company will run out of cash.
This metric is essential because it determines when a company needs to kick off their next fundraising process, usually, it’s when they have 6-8 months of runway left. If you see one of your companies hit a cash runway of six months or less, you should be reaching out to see if they need support or guidance on their fundraising efforts.
While Runway is definitely considered a key metric, you don’t need to ask your companies for it since it can be calculated easily with other data you should already have on hand (Cash Balance & Monthly Net Burn Rate).
5) Net Income
Definition: Net income is a company’s total earnings (or profit) after all expenses have been subtracted. It is calculated by taking a company’s revenue and subtracting all expenses, including operational expenses, interest expenses, income taxes, and depreciation and amortization.
Net Income = Revenue – Total Expenses
Net Income is an indicator of profitability.
If net income is positive, meaning revenue is greater than a company’s total expenses, it is considered profitable. This is a metric that startups should have readily available since it’s the ‘bottom line’ of an Income Statement, making it very easy to report.
This metric can also be used in a formula to calculate Net Profit Margin, total expenses, and cash runway.
6) Total Headcount
This is the total number of full-time equivalent employees excluding contractors. Contractors are excluded because of the variability of the nature of contract work — a contractor may only work a few hours a month or they could work 20 hours per week. This variability will cause back-and-forth clarification between you and your companies which wastes time.
This metric gives you insight into company growth and operational changes.
This metric is important to track because it’s a reflection of decisions made by the leadership team. If there’s an increase in headcount, the leadership is investing in future growth, on the other side, if there’s a major decrease in total headcount it could be because the leadership team has decided to reduce burn by letting people go or employees are churning. All are post-signs of operational changes worth paying attention to.
Check out an Example Request in Visible.
Suggested Qualitative Questions to Ask Your Companies
While metrics are the best way to aggregate and compare insights across your portfolio, you may also be wondering which qualitative questions you should ask portfolio companies as well. Qualitative prompts can be a concise and valuable way for startups to share more narrative updates on company performance with their investors.
Below we outline the two most common qualitative questions investors ask portfolio companies as well as suggested descriptions.
1) Recent Updates & Wins
Description: Please use bullet points and share updates related to Sales, Product, Team, and Fundraising. This will be used for internal reporting and may also be shared with our Limited Partners.
We suggest asking companies for bullet points on these four categories because it’s a focused way for investors to understand the narrative context behind a company’s metrics.
With your companies’ permission, this narrative update can also serve as the foundation for your tear sheets for your LP reporting and your internal reporting.
2) Asks
Description: How can we best support you this quarter?
You can make your reporting processes more valuable for your portfolio companies by asking your companies if there are specific ways you can provide support to them in the next quarter.
Once you have responses from your portfolio companies, you can take action on their requests and you’ll be able to extract support themes to inform the way you provide scalable portfolio support.
Monitor Your Portfolio Companies Seamlessly With Visible
It’s important to know which are the most important metrics to collect to ensure your portfolio data collection processes are streamlined and valuable both for you and your companies. In this article, we highlighted Revenue, Net Income, Cash Balance, Runway, Net Burn Rate, and Total Headcount as the top metrics to collect from all your portfolio companies. With Visible, its also easy to ask for any custom metric and assign it just to specific companies.
Investors of all stages are using Visible to streamline their portfolio monitoring and reporting processes. Book some time with our team to learn how Visible can automate your portfolio monitoring processes.
Visible for Investors is a founder-friendly portfolio monitoring and reporting platform used by over 400+ VCs.

investors
Metrics and data
Portfolio Data Collection Tips for VCs
Getting regular, high-quality, and actionable data from portfolio companies is important. It allows investors to make better investment decisions, provide better support to companies, and share meaningful insights internally across the firm and with LPs.
This practice should also be highly valuable for founders. They should be able to share wins and challenges and seek support from their investors. The reporting process should only take companies 3 minutes to complete (if not, something may be wrong with how the investor is asking for structured data or the reporting company may not be as familiar with their key metrics as they should be).
Below are some best practices to make sure you get:
High response rates from companies
Structured data (comparing apples to apples)
Actionable insights
Related resource: How to Reduce Burn Rate: 8 Cost-Saving Strategies for Startups
Set Reporting Expectations Early On
✔️ Tip: Set expectations during the onboarding process (if not sooner)
It’s way easier to set reporting expectations with companies early on (and with fewer companies) rather than changing your reporting requirements a few years into your relationship with portfolio companies.
Some investors choose to outline their reporting expectations in a side letter as a part of the investment documents.
It's recommended that investors also have a dedicated conversation around reporting expectations during the onboarding process.
Related Resource: A Guide to Onboarding New Companies to Your VC Firm
When and How Often to Collect Portfolio Data
✔️ Tip: Collect data at a predictable frequency
Set the expectation that you will be sending a Request for company data the same time every reporting cycle. Visible has data that shows that Mondays are great due dates and if you’re sending out quarterly Requests for data, we suggest giving your companies 2-4 weeks after quarter close to get their information back to you.
Don’t randomly switch between the 10th, the 30th, etc. This makes it difficult for founders to prioritize your reporting requirements and gives the impression that your due dates don’t really matter.
Visible makes scheduling data Requests and subsequent reminders a breeze for investors. Investors can select the due date, email notification dates, and customize the messages that will get sent out to portfolio companies.
✔️ Tip: Collect data at an appropriate frequency
We recommend the following cadences. This is 100% customizable as every fund is different.
Weekly – Companies in an accelerator program
Monthly – Pre-seed investments
Quarterly – Pre-seed, Seed, Series A, Series B + investments
What Data to Collect from Portfolio Companies
✔️ Tip: Less is more
Don’t send a Request asking for ‘nice to have’ metrics. Only ask for the information you really need and are going to use. We suggest starting small, getting a rhythm, and expanding the data as needed.
Metrics
✔️ Tip: Ask for only 5-15 metrics
Depending on how closely you work with companies, ask for 5-15 metrics and no more. If you’re not taking actionable next steps based on a metric (ex: reporting to LP’s, providing more hands-on support, informing investment decisions) then it's likely you don't need to be asking for it.
The most common metrics investors ask for include:
Revenue
Cash Balance
Cash Burn
Headcount
Runway
Related resource: Which Metrics Should I Be Collecting from Portfolio Companies
View examples of data Requests in Visible.
✔️ Tip: Use a metric description to reduce back-and-forth
If you are asking for Burn and don’t provide context, you might get 15 different variations. Should it be negative? Should it be trailing 3 months or the current month? Should it include financing? Be descriptive about what you want.
Qualitative Questions to Ask Portfolio Companies
✔️ Tip: Define what type of information you're looking for
As an investor, it's a great idea to give companies the opportunity to share support requests on a regular basis. Consider including a description to clarify what type of support your firm can provide companies.
Additionally, most investors also ask for companies to report narrative highlights and lowlights from the question. It's important to clarify what type of information you're actually looking for so companies are not wasting time sharing information an investor is not actually going to use.
Implementing a Portfolio Monitoring Platform
✔️ Tip: Notify your companies two weeks in advance
Introducing Your Companies to Visible
As the most founder-friendly solution on the market, we ensure that requesting data is a frictionless process for founders. This means founders don’t need to create an account in order for Investors to get value out of the platform (ie: No log-in required!).
Still, it's a great idea to give your companies notice about the adoption of Visible so they can keep an eye out for the first Request that will land in their inbox.
Feel free to use our Intro Copy Template to notify your companies about the adoption of Visible two weeks in advance of your first Request deadline.
Customize Your Domain
Investors can white-label the automatic emails that are sent from Visible so that the emails use their firm's domain. You can also customize the sender address to anyone at your firm.
Visible's Customer Support
All Visible customers get world-class support and a dedicated Investor Success Manager. We provide an efficient, hands-on onboarding experience, training for new team members, and support on an ongoing basis.
Visible is trusted by over 350+ VC funds around the world to help streamline their portfolio monitoring and reporting.

founders
Fundraising
From Seed to Scale: The Best Venture Capital Firms in New Jersey
New Jersey is rapidly emerging as a powerhouse for venture capital and startup innovation, offering a unique blend of strategic location, industry expertise, and a thriving entrepreneurial ecosystem. With its proximity to major financial centers like New York City and Philadelphia, New Jersey offers startups unparalleled access to investors, talent, and resources while maintaining a lower cost of operation compared to its neighboring states.
In this article, we’ll explore the top venture capital firms in New Jersey, along with other helpful resources for startups looking to take advantage of all that the city has to offer.
Top VCs in New Jersey
Edison Partners
About: Edison Partners is a growth equity firm that focuses on technology-enabled solutions in fintech, healthcare IT, and enterprise software.
Sweetspot check size: $ 10M
Newark Venture Partners
About: Newark Venture Partners is an early stage venture fund based in Newark, NJ.
Sweetspot check size: $ 2M
76ers Innovation Lab
About: The Sixers Innovation Lab supports rapidly growing, early-stage companies in the consumer product space and provides speed and flexibility, individualized, industry-leading consulting and investment opportunities to startups with potential. Selected companies receive access to industry experts, executives, and financiers, and third-party branding, marketing and legal services. Entrepreneur Seth Berger, Founder and former CEO of AND 1, an American footwear and clothing company, manages the Lab. For more information or to apply go to SixersInnovationLab.com
Johnson & Johnson Development Corporation
About: Backs ideas in pharmaceuticals, consumer and medical devices sectors, focusing on therapeutic areas having the greatest potential to improve the lives of patients and consumers.
Thesis: Johnson & Johnson Development Corporation, a venture capital subsidiary, finances technology companies focused on patient health.
Foundation Venture Capital Group
About: Foundation Venture Capital Group uses impact investing to provide pre-seed and seed funding to health-related start-up companies at Affiliated Organizations to help them advance toward and through commercialization. Our investments are made with the intention to generate positive, measurable social impact with any gains realized from the investments reinvested into furthering research and innovation at our Affiliated Organizations.
Jumpstart New Jersey Angel Network
About: JumpStart NJ invests in the Mid-Atlantic region, and beyond, with about a third of the investments in New Jersey-based ventures. JumpStart NJ members have diverse investment interests and preferences.
Thesis: Areas of interest include, but are not limited to- SaaS B2B, HealthTech, AgroTech, Medical Devices, Manufacturing, Alternative Energy, Shipping/Logistics Tech, Cybersecurity, Consumer Packaged Goods. Members have deep knowledge and experience in many areas; they invest not only their dollars but their expertise in helping young companies grow.
Creative Edge Ventures
About: Highly selective, early-stage deep-tech investments.
Honeywell Ventures
About: Honeywell is a Fortune 100 software-industrial company that delivers industry specific solutions
Syven Capital LP
About: Leveraging years of real-world operating experience, Syven Capital provides technology-driven companies with the growth capital, operational support, and strategic advice they need to realize sustainable, long-term growth.
Tech Council Ventures
About: Tech Council Ventures is a venture fund investing in early and expansion stage companies across all industries in the US Mid-Atlantic region. The fund invests $500K to $3M initially and provides additional support throughout the growth of the business. Tech Council Ventures’ principals all have 20+ years investing and building promising, rapid growth companies. The fund is affiliated with one of the largest and most active technology councils in the US, TechUnited:NJ, providing for its portfolio investments an unmatched network of customer, key team recruits, business partner and service provider connections.
Why New Jersey is a Thriving Hub for Startups
New Jersey’s strategic location, industry expertise, and supportive infrastructure make it an ideal environment for startups to thrive. With increasing investment in innovation and a focus on emerging technologies, the state is poised to remain a key player in the entrepreneurial landscape. Here’s why the Garden State is becoming a go-to destination for entrepreneurs:
Proximity to Major Financial Centers
New Jersey’s location is one of its greatest assets. Situated between New York City and Philadelphia, the state provides startups with unparalleled access to two of the largest financial and business hubs in the United States. This proximity allows entrepreneurs to tap into a vast network of investors, clients, and talent pools while benefiting from lower operational costs compared to these metropolitan areas.
Key Industries Driving Innovation
New Jersey’s startup ecosystem is particularly strong in several high-growth industries:
Biotech and Life Sciences: Home to major pharmaceutical companies like Johnson & Johnson and Merck, New Jersey has a well-established biotech and life sciences sector. The state also supports startups through initiatives like the Institute of Life Science Incubator at NJIT.
Fintech: With its proximity to Wall Street, New Jersey has become a hub for fintech innovation, supported by events like the New Jersey Big Data Alliance Symposium.
Healthcare and MedTech: The state’s focus on healthcare innovation is evident through programs like the NJEDA’s support for health-related startups.
SaaS and Technology: Cities like Newark and Princeton are emerging as tech hubs, with startups focusing on software solutions and AI-driven technologies.
Resource: A full list of Startup Incubators In New Jersey
Recent Trends in Startup Funding
New Jersey has seen a significant increase in startup funding, particularly in early-stage investments:
Seed and Series A Funding Growth: The state has attracted substantial venture capital, with firms like Edison Partners and Newark Venture Partners leading the way. These firms focus on early-stage and growth-stage companies, providing both funding and mentorship.
Government Support: The New Jersey Economic Development Authority (NJEDA) has launched several programs to support startups, including the Innovation Evergreen Fund and tax incentives for early-stage companies.
AI and Emerging Technologies: The launch of the NJ AI Hub in 2025 has positioned the state as a leader in artificial intelligence, attracting startups and investors in this cutting-edge field.
A Supportive Ecosystem
New Jersey’s startup ecosystem is bolstered by a network of accelerators, incubators, and co-working spaces:
Accelerators and Incubators: Programs like TechLaunch and Tigerlabs provide mentorship, funding, and networking opportunities for early-stage startups.
University Partnerships: Institutions like Princeton University and Rutgers University play a critical role in fostering innovation through research and technology transfer programs.
Networking Opportunities: Events like the NJEDA Founders & Funders All-Stars provide platforms for startups to connect with investors and industry leaders.
Resources for Startups in New Jersey
New Jersey offers diverse resources to support startup founders, from incubators and accelerators to co-working spaces and government-backed programs. These resources are designed to help entrepreneurs access funding, mentorship, and networking opportunities to grow their businesses.
Incubators and Accelerators
Incubators and accelerators in New Jersey provide startups with structured programs, mentorship, and access to funding. Here are some additional examples:
Merck Digital Sciences Studio (Newark): This accelerator supports startups in digital biopharma and drug discovery. It offers a 10-month program with direct funding and mentorship from industry leaders.
Rowan University’s Rohrer College of Business Incubator (Glassboro): This incubator focuses on early-stage ventures, offering office space, mentoring, and workshops to help startups refine their business models and scale.CleanTech Open Northeast: A five-month accelerator program for startups in clean energy and environmental technology. Participants receive funding, mentorship, and access to a large network of cleantech hubs.
Government and Nonprofit Support
New Jersey’s government and nonprofit organizations provide extensive support to startups through funding, mentorship, and other resources. Here are some additional programs and initiatives:
NJ Ignite: A program by the NJEDA that provides rent support grants for startups working in approved co-working spaces and incubators. This initiative helps reduce the financial burden of office space for early-stage companies.
AI Innovation Challenge: A grant program launched by the NJEDA to support startups in artificial intelligence. This initiative aims to position New Jersey as a leader in AI innovation.
Strategic Innovation Centers (SICs): These centers, developed in partnership with organizations like Nokia Bell Labs, provide physical spaces for startups to collaborate and innovate. SICs focus on fostering long-term economic growth through innovation.
New Jersey Business Action Center (NJBAC): NJBAC offers free, confidential assistance to startups, including help with navigating state regulations, accessing funding, and connecting with local resources.
CSIT Catalyst Seed Grant Program: Administered by the New Jersey Commission on Science, Innovation, and Technology, this program provides grants to startups in research and development, clean technology, and other innovative fields.
Connect With Investors in New Jersey Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of New Jersey's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

investors
Customer Stories
Case Study: How Moxxie Ventures Uses Visible to Increase Operational Efficiency at Their VC Firm
About Moxxie
Moxxie was founded in 2019 by former Twitter executive Katie Stanton. Prior to starting Moxxie Katie worked at Google, in the Obama administration as a Special Advisor to the Office of Innovation, and co-founded the angel group #Angels. In 2021, Katie brought on Alex Roetter, whom she had worked with before at both Twitter and Google, as an equal partner in Moxxie’s second fund of $85M. Alex joined Moxxie with a wealth of operational and engineering experience from previously serving as the Senior VP of engineering at Twitter for 6 years as well as working as a software engineer at Google and various other early-stage startups.
Today, Moxxie has invested in over 60+ seed-stage companies in the consumer, enterprise, fintech, health tech, and climate sectors. The team at Moxxie is differentiated by their operational experience and focus on underrepresented founders. According to an article published in Forbes, out of the 27 investments from Moxxie’s first fund, 36% were founded by women, 40% by people of color, 8% by Black founders and 43% by immigrant founders. Learn more about Moxxie.
This Case Study was put together in collaboration with Alex Roetter, Managing Director and General Partner at Moxxie.
What Moxxie was doing prior to using Visible
In the early days at Moxxie, the team used a combination of check-in calls at varying frequencies, ad-hoc meetings, and texts to gather updates from their companies. Later on, they created a Google Group email alias where founders sent their updates so the communications were all stored in one inbox. The Moxxie team kept a summary of each company in a combined Google Document that was updated irregularly.
The portfolio monitoring challenges Moxxie was facing
The main issue with Moxxie’s ad-hoc method was that “...it was just all very manual. It was a mish-mash of documents and hard to maintain. We were inconsistent in how up-to-date we were on different companies,” shared Alex, Moxxie’s Managing Director. The manual effort required to stay on top of portfolio companies meant portfolio monitoring was “...falling to the wayside and we were not doing as good of a job [monitoring our companies] as we needed to be.”
“...it was just all very manual. It was a mish-mash of documents and hard to maintain. We were inconsistent in how up-to-date we were on different companies."
It’s common for investors to feel overwhelmed as they attempt to manually keep up to date on a growing number of portfolio companies despite recognizing the benefits of doing so.
Alex emphasized that the main reason Moxxie wanted to improve their portfolio monitoring was to ensure they were spending their time most effectively at their firm. It was hard to identify which companies needed their support and where Moxxie's time would be most valuably spent “...without having a regular heartbeat from [their] portfolio companies.”
The reasons Moxxie chose Visible
Moxxie’s founder Katie Stanton was told to check out Visible’s KPI tracking capabilities at the end of 2022 while she was attending the Equity Summit, an invitation-only gathering that brings together thought-leading LPs and GPs that drive industry change.
Alex from Moxxie reached out to Visible soon after the initial referral to schedule a demo. The demo confirmed that the Visible platform had exactly what Alex was looking for in a portfolio KPI tracking tool.
Moxxie's portfolio monitoring criteria included:
An automated way to send structured data requests to portfolio companies
A solution that wasn’t taxing on their founders
Allowed founders to share their data within seconds
Ability to see all their portfolio data in one clear place
Ability to easily build Tear Sheets for each company
Moxxie's onboarding experience with Visible
Moxxie’s onboarding took approximately 9 days to complete. When asked to share feedback on Visible’s onboarding process Alex shared “Everything was great. Whenever we had bulk data in a CSV that needed to be uploaded we shared it with Visible and it was uploaded within 24 hours.”
Check out additional Visible reviews on G2.
How Moxxie is leveraging Visible to streamline portfolio monitoring and reporting processes today
Today Moxxie doesn’t have to remember to check in with their companies or make guesses about their companies’ recent progress updates. Instead, Visible has enabled Moxxie to send automatic, recurring, structured data requests to their companies that can be completed without their founders ever having to log in or create an account. The Moxxie team is immediately notified when companies complete data Requests. From there, they are able to easily identify which companies need more support. This streamlined, founder-friendly process ensures the Moxxie team can continue to spend time on high-value fund operations, such as deal flow, while also efficiently monitoring and supporting current portfolio companies.
Taking a closer look at Moxxie’s use of the Visible platform, the team primarily uses four main features on Visible: Requests, Tear Sheets, Reports, and Updates.
Requests: Streamlining Moxxie’s portfolio KPI data collection process
Moxxie uses Visible’s Request feature to collect 5 metrics from companies on a regular basis. The firm collects data from early-stage companies on a monthly basis and on a quarterly basis for more mature companies in their portfolio.
The five metrics Moxxie collects include:
Revenue
Runway
Cash Spend
Cash Balance
Headcount
Moxxie also includes a qualitative text block in their Request that provides companies with an opportunity to add additional context to their metrics, share any additional updates, or ask Moxxie for support on specific items.
Alex shared that likes that the Visible platform sends him a notification each time a company submits a Request. He uses this as an opportunity to quickly identify any changes to the company’s performance. Alex shared “...anytime there’s something unexpected it’s a reminder to check in with the company.”
Reports: Building a custom investment data report before an annual meeting
Another key feature that Moxxie is utilizing is Visible’s report feature which allows Moxxie to pull together select metrics and investment data into a single table view. Moxxie has a fund summary for both Fund I and Fund II that includes: initial ownership %, total invested, total invested from a specific fund, and the initial valuation for each company.
Moxxie initially created this report to prepare for an annual meeting with LPs. They wanted to see the numbers across all their portfolio companies, be able to download the figures, and then compute averages.
Tear Sheets: Creating a clear overview of individual company performance
Moxxie utilizes Visible’s dashboard templates to create custom Tear Sheets for each of their companies. Moxxie’s Tear Sheets incorporate elements of their original investment memo coupled with dynamic metrics and qualitative updates that change over time.
Integrating company properties into Tear Sheets
The static information in Moxxie's Tear Sheets is pulled directly from companies' profiles in Visible.
The information that Moxxie includes in their Tear Sheets are:
Company website url
Latest valuation
Co-investors
Founders
Company summary
Why we invested
Status
Deal source
Initial ownership
Initial valuation
Investment date
Total invested
Sector
HQ location
Year founded
Integrated dynamic charts into Tear Sheets
Moxxie also incorporates data visualizations into their Tear Sheets which are automatically updated as companies submit new information to Visible. The dynamic information Moxxie includes in Tear sheets is:
Monthly KPI’s in a bar chart
Runway vs Headcount in a bar chart
Monthly spend vs cash balance in a bar chart
Revenue forecast vs actual in a bar chart
Update/progress since investment in a text widget
Key metrics in a text widget
Company-specific metrics in a text widget
View Tear Sheet examples from Visible.
Updates: Communicating portfolio performance with LPs on a quarterly basis
Moxxie also leverages Visible’s Updates feature to send outbound communication to their LPs and the wider Moxxie community on a quarterly basis. The firm uses Visible’s Update feature instead of its previous Google Group as a way to consolidate its tech stack. Alex shares that he finds the open rates and viewing analytics helpful so he can understand how LPs are engaging with their regular communications.
Conclusion
Moxxie chose to move forward with Visible’s founder-friendly portfolio monitoring solution after hearing about Visible’s KPI tracking capabilities through a credible referral. By adopting Visible, Moxxie’s ad-hoc, manual portfolio monitoring processes have been transformed into a streamlined cadence for collecting structured updates from their companies. The firm previously stored outdated company summaries in Google Documents and now the Moxxie team leverages neatly organized Tear Sheets that auto-update when companies share new information.
Over 400+ VC firms are using Visible to streamline their portfolio monitoring and reporting process.

investors
Operations
Customer Stories
How to Lead Effective Portfolio Review Meetings — for VCs
What is a Portfolio Review Meeting in Venture Capital
A portfolio review meeting in the context of Venture Capital is a dedicated time for the investment and operational team members at an investment firm to align on recent updates across the portfolio. Other purposes of this meeting are to exchange cross-functional insights and coordinate the best ways to support portfolio companies.
Who typically leads Portfolio Review Meetings?
Portfolio review meetings can be led by anyone at the firm but since the meetings are largely focused on updates about portfolio companies, it is often led by the person responsible for collecting and synthesizing updates from portfolio companies on a regular basis. At a smaller firm, this person may be a Partner, and at a larger VC firm, this person often has the title of Platform Manager, Director of Portfolio Operations, or someone in finance. Ultimately, it should be led by someone with a wide-lens view of what is going on across the portfolio.
Related Resource –> Portfolio Data Collection Tips for VCs
Portfolio Review Meeting Frequency
According to a poll led by Visible, 50% of VC’s are hosting Portfolio Review Meetings on a quarterly basis, followed by 29% weekly, and 14% monthly.
The frequency of this meeting largely depends on the size of your portfolio company and how hands-on you are with your companies.
A quarterly frequency makes sense for most VC firms because 70% of investors are collecting structured data from their companies on a quarterly basis. (Source data is aggregated usage data on Visible’s portfolio monitoring platform used by 350+ VC funds).
Three Necessary Elements to Lead an Effective Portfolio Review Meeting
1) Up-to-date, accurate information from portfolio companies
Most investors are collecting 5-15 metrics from companies on a quarterly basis. These include core financial KPI’s and sector-specific metrics. Additionally, it’s common to ask for qualitative updates from companies as well to ensure you have a holistic view of how a company is performing.
Related Resource –> Which Metrics Should I be Collecting from My Portfolio Companies
2) Customizable visualizations to engage your team
Looking at just raw data points from companies can be, well…boring. To get more engagement during Portfolio Review Meetings it’s a great idea to create engaging visualizations that clearly demonstrate the growth journeys your companies are on. By displaying your data in a Flexible Portfolio Company Dashboard your team will be able to more clearly identify trends and insights.
To help your team digest the information about portfolio companies, it’s important to keep your data visualizations consistent for each company. Visible makes this easy by allowing you to save custom dashboards as templates and apply them to all companies in just a few clicks.
Learn more about creating flexible dashboards for portfolio review meetings in the video below.
3) A Place to Take Notes & Document Action Items
It’s a great idea to document meeting discussion notes and action items as soon as they arise during a meeting. Documenting action items on a company’s dashboard is a great way to keep team members accountable for execution because you can refer back to the notes during future meetings.
How Investors Are Leveraging Visible to Enhance Portfolio Review Meetings
VKAV’s Portfolio Company Dashboards
Verod-Kepple Africa Ventures (VKAV), a long-term Visible user, hosts a formal Portfolio Review Meeting on a quarterly basis. During this meeting, Portfolio Review Committee members join to review the performance of the portfolio companies during the quarter. Additionally, VKAV’s investment team holds an internal Portfolio Review Meeting every other week. Right now, the purpose of this meeting is mostly to check the status of action items (either for VKAV or the portfolio company). VKAV keeps track of open action items directly on a company’s dashboard in Visible so that it is linked to the broader context of how the company is performing.
View VKAV’s Portfolio Review Dashboard Example –> View Dashboard
01 Advisors Approach to Portfolio Review Meetings
01 Advisors a San Francisco-based venture firm utilizes Visible’s Request feature to streamline the way they collect data from companies on a quarterly basis. The team meets 1-2 times per quarter for an internal Portfolio Review meeting. Check out their meeting agenda outline below.
01 Advisors Portfolio Review Meeting Agenda
Investment Strategy
Portfolio Company Categorization
Reserve Allocation Strategy
Portfolio Company Support
Learn more about how 01 Advisors uses Visible for the internal portfolio review meetings in this video.

founders
Fundraising
Melbourne's Top Venture Capital Firms: Your Guide to Funding and Resources
Melbourne has emerged as one of Australia’s most dynamic startup ecosystems, offering a unique blend of innovation, collaboration, and opportunity. With over 3,500 startups, the city is a hub for entrepreneurs across industries like technology, life sciences, and fintech. Melbourne’s VC landscape is equally impressive, with a strong focus on community-driven growth, sector-specific expertise, and long-term partnerships. VCs are not just offering funding but also strategic guidance, mentorship, and access to global networks. In this article we’ll highlight the top VC firms in Melbourne, essential tips for navigating the local funding landscape, and invaluable resources to help startups thrive.
Top VCs in Melbourne
Watkins Bay
About: Watkins Bay assist Founders and Entrepreneurs realise their dreams by providing all the help they need too succeed, specialising in Go To Market for Hypergrowth .
Sweetspot check size: $ 500K
Traction metrics requirements: 20% CGMR
Flying Fox Ventures
About: Early stage capital propelling Australian & New Zealand companies across the globe
Sweetspot check size: $ 500K
Thesis: Australian early stage companies, industry agnostic
Square Peg Capital
About: Square Peg is a venture capital fund that invests in Australia, Israel and Southeast Asia with a focus on Series A and Series B.
Brandon Capital Partners
About: Based in Melbourne, Australia, Brandon Capital Partners is a fund management business focused on investments in life science ventures.
Rampersand
About:Rampersand invest in the best Australian technology founders, teams and companies and are committed to helping them become global leaders.
Sweetspot check size: $ 500K
GBS Ventures
About: Giant Leap Fund is Australia’s first venture capital fund that is 100% dedicated to investing in impact startups – rapidly scalable businesses that blend financial returns with real and measurable social and environmental benefits. We invest across the following themes: Sustainable Living, Health & Wellbeing & Empowering People.
Scale Investors
About: Scale Investors is Australia’s first and only network of angel investors committed to investing in and empowering exceptional women entrepreneurs
Starfish Ventures
About: Starfish Ventures is an Australian venture capital firm focused on information technology, life sciences, and clean technology companies.
Fundraising in Melbourne: Tips and Best Practices
Understanding the Local VC Landscape
Melbourne’s VC landscape is unique compared to other cities in Australia and globally. The city’s VCs are known for their collaborative approach, often working closely with founders to provide not just funding but also strategic guidance, mentorship, and access to extensive networks. This hands-on involvement is particularly beneficial for early-stage startups looking to navigate the complexities of scaling their businesses.
One key difference in Melbourne’s VC ecosystem is its strong focus on community and long-term relationships. Unlike some larger markets where VCs may prioritize rapid returns, Melbourne-based investors often take a more patient approach, emphasizing sustainable growth and innovation. This aligns with the city’s broader commitment to fostering a supportive and inclusive startup environment.
Melbourne VCs also tend to have a sector-specific focus, with many specializing in areas such as healthtech, fintech, and deep tech. This specialization allows them to provide tailored support and resources to startups operating in these industries. For example, firms like Brandon Capital and GBS Ventures are leaders in life sciences, while Square Peg Capital and AirTree Ventures have a strong track record in technology and software startups.
Importance of Networking and Building Relationships
Networking is a cornerstone of successful fundraising in Melbourne. The city’s startup ecosystem thrives on connections, and building strong relationships with investors, mentors, and fellow founders can significantly enhance a startup’s chances of securing funding. Melbourne offers numerous opportunities for networking, including industry events, pitch nights, and accelerator programs.
Key networking events in Melbourne include:
Melbourne Startup Week: A week-long celebration of innovation, featuring workshops, panel discussions, and networking sessions.
Pause Fest: Known as the “world’s leading festival for business and creativity,” Pause Fest attracts entrepreneurs, investors, and thought leaders from around the globe.
The Startup Network: Regular meetups and pitch nights organized by Startup Victoria, one of the largest startup communities in the state with over 70,000 members.
Melbourne’s co-working spaces, such as The Commons and Hub Australia, serve as hubs for collaboration and networking, offering founders a chance to engage with like-minded individuals and industry experts.
Building relationships with VCs in Melbourne often requires a proactive approach. Founders should:
Research Potential Investors: Understand the investment focus and portfolio of each VC to ensure alignment with their startup’s goals. You can use our Connect investor database to find investors based on your specific needs.
Leverage Warm Introductions: Seek referrals from mutual connections or industry peers to establish credibility.
Maintain Regular Communication: Keep investors updated on the startup’s progress through sending investor updates, pitch decks, and one-on-one meetings. Check out how you can leverage Visible for all of your needs.
Local Resources for Founders
Government Support
The Victorian Government offers a range of grants and programs to support startups and small businesses, helping them grow and scale. These initiatives are designed to provide financial assistance, mentorship, and access to resources that can accelerate business development.
LaunchVic Grants:
LaunchVic, Victoria's startup agency, provides grants to support startups at various stages of their journey. Current programs include:
Pre-Accelerator Grants: Up to $400,000 for universities to establish pre-accelerator programs that help students and researchers launch startups.
AgTech Startup Grants: $50,000 equity-free funding for early-stage AgTech startups.
CivVic Labs: A pre-accelerator program offering $50,000 in funding to startups solving public sector challenges.
LaunchVic also supports angel networks and VC funds to establish in Victoria, unlocking more investment opportunities for local startups.
Business Victoria Grants:
Business Victoria provides a comprehensive list of grants and programs, including:
Small Business Digital Adaptation Program: Offers rebates for digital tools to help businesses adapt to online operations.
Victorian Industry Development Fund: A $20 million fund providing matched funding and loans to innovative startups and scale-ups.
CSIRO Kick-Start Program:
Provides matched funding of up to $50,000 for startups to access CSIRO’s research expertise and facilities.
City of Melbourne Startup Grants:
The City of Melbourne offers grants and scholarships to support local entrepreneurs, including funding for innovative projects and business development.
Educational Resources
Melbourne offers a wealth of educational resources for founders, including workshops, online courses, and mentorship programs. These resources are designed to equip entrepreneurs with the skills and knowledge needed to succeed in a competitive market.
LaunchVic Programs:
LaunchVic funds several educational initiatives, such as:
Office Hours: Free one-on-one mentoring sessions with industry experts.
30X30 Program: Executive education for leaders at Victoria’s top scaleups, aiming to help them achieve unicorn status by 2030.
Startup Victoria Workshops:
Startup Victoria hosts regular workshops and events covering topics like fundraising, marketing, and scaling. These sessions are tailored to the needs of early-stage and growth-stage startups.
Victorian Chamber of Commerce and Industry:
Offers training courses in leadership, marketing, and business development, as well as access to tools and templates for workplace management.
University-Linked Programs:
Universities like the University of Melbourne and RMIT run entrepreneurship programs, including accelerators, incubators, and pitch competitions. These programs provide mentorship, funding opportunities, and access to research facilities.
Connect With Investors in Melbourne Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Melbourne's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Reporting
Fundraising
How Will Investors Interact with the Content You Share via Visible?
In the world of fundraising, effective communication and transparency can set a business apart. Visible provides founders with powerful tools to keep investors informed, engaged, and confident in their vision. But what happens once you've shared an update, data room, pitch deck, fundraising pipeline, or dashboard? How do investors interact with this content?
In this article, we'll explore how each Visible feature functions from the investor's perspective, highlighting the value each solution provides and offering insights into the investor experience.
Investor Updates: Keeping Stakeholders Informed
How It Works for Investors
Once an update is shared, investors receive an email notification or an in-app alert (if they are a Visible customer). These updates are designed for founders to keep investors informed about key business metrics, growth milestones, challenges, and ask for help.
Why It Matters
Transparency builds trust – Investors appreciate regular insights into company performance.
Encourages engagement – Investors can reply to updates, ask questions, and provide feedback.
Saves time – Instead of investors chasing founders for information, they receive structured, digestible updates directly in their inbox.
Data Rooms: Secure and Streamlined Due Diligence
How It Works for Investors
When a founder shares a data room with a Visible contact, the investors will receive a secure link via email to access the data room. When a founder shares a data room via a link, there are additional security settings that they can optionally add, so investors may need a password or be restricted by domain access if a founder designates this. Once investors have access, they can explore financials, legal agreements, pitch decks, and more in an organized manner.
Why It Matters
Simplifies due diligence – All necessary documents are centralized, making it easier for investors to assess an opportunity.
Flexible access controls – Founders can enable or restrict downloads, add watermarks, and control document permissions.
Professional presentation – Custom branding options ensure the data room looks polished and credible.
Pitch Decks: Delivering Your Story with Impact
How It Works for Investors
When a pitch deck is shared from Visible, founders will provide a link to investors to view the deck. The deck is displayed in an easy-to-navigate format, and founders can track how investors are engaging with the deck content.
Why It Matters
First impressions count – A well-structured pitch deck can capture an investor’s interest quickly.
Engagement tracking – Founders can see which slides investors view and how much time they’ve spent viewing to help refine future presentations.
Seamless access – No need for file downloads or cumbersome attachments; investors access the deck instantly.
Fundraising Pipelines: Visibility into Your Process
How It Works for Investors
Founders can share their fundraising pipeline with existing investors, providing visibility into the status of conversations, committed funds, active discussions, and broker introductions to their investor network.
Why It Matters
Encourages follow-ups – Investors can see where they stand in the process and take action if needed.
Demonstrates momentum – Seeing other investors in the pipeline can create urgency.
Provides context – Investors get a clear picture of who else is involved and can help introduce founders for warm conversations.
Dashboards: A Data-Driven View of Progress
How It Works for Investors
Founders can share links to real-time dashboards that showcase key performance metrics, financials, and other important data points.
Why It Matters
Data-driven decision-making – Investors can quickly assess traction and performance.
Live updates – Instead of static reports, investors see real-time data changes.
Visual clarity – Custom charts and graphs help present complex information in an easily digestible format.
Conclusion: Enhance the Investor Experience
By leveraging Visible’s suite of tools, founders ensure investors remain engaged, informed, and confident in their decision-making. Whether it's an investor update, a detailed data room, or a dynamic dashboard, every interaction is designed to build stronger investor relationships and streamline the fundraising journey.
By providing seamless, secure, and insightful access to critical information, Visible helps founders maximize investor engagement and accelerate fundraising success. Sign up for a free trial today!
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