Please find attached the FY15 Vermont Seed Capital Fund (VSCF) Annual Report for public stakeholders. Included in the report is Subsequent Event information as of December 31, 2015. Some company transactions in process simply took longer to close than expected this year.So far, the Vermont Seed Capital Fund, which is managed by the Vermont Center for Emerging Technologies (VCET)
has now invested into 20 diverse early stage companies since May 2010, seen its portfolio attract cumulatively over $66M in capital, support nearly $30M in payroll, and generate revenues of over $36M, so far … However, there remains much to do, it is always dynamic and risky given this sector of investment, but the Fund’s challenges ahead pale in comparison to the incredible efforts, ambition, innovation and risks undertaken by these entrepreneurs, employees, co-investors and partners.
Thank you for your continued support for the Fund, VCET and for Vermont’s entrepreneurs and start-ups. Please direct any questions to David Bradbury at david@Vermonttechnologies.com.
Click here for the report: VSCF FY15 Annual Public Report