Capital Regions Venture Partners, a new venture capital fund providing initial capital to startup emerging technology and digital media companies, will be officially unveiled Friday at the Kress Gallery downtown during a noon luncheon.
The fund has already raised $1 million from a group of investors but plans to collect an additional $4 million, said Trey Godfrey, Springboard Baton Rouge president. The money will help new businesses kick-start their first products, allowing them to generate even more money.
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