The Arkansas Development Finance Authority's board of directors approved two investments totaling $750,000 Thursday for early stage technology investment funds.
The investments will be made through a new ADFA program called Arkansas Seed & Angel Capital Network.
ADFA's board first approved a $250,000 investment for Gravity Ventures Arkansas II LLC. Gravity is an angel capital fund with a focus on investing in seed and early-stage companies in a variety of industries in Arkansas, according to a news release from ADFA.
