FAN FUND COMPLETES INITIAL CLOSING - New Angel Fund Focused on Florida Companies

(Orlando, FL) – FAN Investors I GP, LLC (“FAN”) is pleased to announce the initial closing of FAN Investors Fund I, LP with capital in excess of $5 million. FAN was established to invest capital and seek appreciation in growth-oriented seed and early stage technology and life science companies within the State of Florida.

FAN believes Florida is an emerging market with excellent fundamentals, with particular strength in many key technology and life science sectors, and a growing infrastructure to support entrepreneurial efforts. The Fund intends to target and invest in companies that the Fund's Investment Committee believes will provide favorable returns and that will benefit from a blend of in-state financing and management guidance. FAN intends to continue working closely with organizations like Florida Angel Nexus (“NEXUS”), a not-for-profit entity where the concept of a professionally managed and committed fund originated and whose purpose is to coordinate, educate and grow the community of angel investors and to promote the entrepreneurial environment in Florida.

"We differentiate ourselves by pairing angel capital and active participation by our principals, advisors, and selected subject matter experts with an objective of seeking capital appreciation for our portfolio companies,” said Mitchel Laskey, managing director of FAN. “Our interests include assisting entrepreneurs in building technology and life science companies here in Florida, economic development by creating jobs, and building a place for our children and grandchildren to stay and take leadership roles”.

The Fund will commence operations and investment activities immediately, but will continue to accept investor subscriptions over the next several months and plans to have additional closing(s).

About FAN Fund:

The FAN Fund was established to invest professionally managed angel capital in growth-oriented companies in the technology and life science sectors in Florida. The Fund’s focus is in companies that that are in seed or early stages. The Fund takes a hands-on approach with its portfolio companies, and works closely with members of the Florida Angel Nexus (“NEXUS”), an entity whose purpose is to coordinate, educate and grow the community of angel investors in emerging companies and to promote the entrepreneurial environment in Florida. For additional information please see http://www.thefan.fund.

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Contact:
Mitchel Laskey
Managing Director
(407) 641-5586
mitchel@thefan.fund