N.Y.C. has picked its latest tech darling.
InVision, a startup that makes prototyping software for web and mobile applications designers, has been chosen to receive backing from the NYC Entrepreneurial Fund, the city will announce today.
The company, based in the Flatiron District, will receive $200,000 in taxpayer dollars. On top of that, InVision has raised $1.3 million in seed capital from a group of private investors led by venture capital firm FirstMark Capital.
The city established the seed fund in 2010, in partnership with FirstMark, with a mission of doling out $22 million to early-stage companies over six years. It is part of the mayor’s larger efforts to boost the tech economy.
To read the full, original article click on this link: New York City-backed seed fund aimed at boosting tech economy has picked its latest investment - NY Daily News
