The Hudson Valley Startup Fund — an investment group focused on funding small business and startups in the region — closed at the end of June with $1,125,000 from 44 investors.
“I’m thrilled to see us exceed our goal of $1 million, which will allow us to invest in and support local high growth businesses across the Hudson Valley,” said Johnny LeHane, the first investor in the fund, in a statement. “It’s already a fantastic place to live, and now will be a great place to start and scale high growth companies.”
The startup fund is managed by its members. It is focusing investment on startups and companies in the Hudson Valley with high growth potential. Before the Hudson Valley Startup Fund launched, the region was the only one in the state without an angel network or fund.
The fund has drawn investors from Dutchess, Putnam, Westchester, Ulster, Orange and Sullivan counties, according to the press release.
LeHane, Paul Hakim, Chad Gomes, Noa Simons and Tony DiMarco are the co-managers of the fund. They can be reached at email@example.com.