A new fund that would invest in Iowa startups is in the works after receiving certification from the state.
River Glen Venture Partners aims to raise a pool of $25 million it would invest in early-stage companies, fund founder Matt Busick said.
"We think that’s the right number to build a portfolio over four to five years of 10 (startups) of between $2 and $2.5 million each" in investment, Busick told the Register.
Busick is also managing director of River Glen Private Capital, a West Des Moines-based investment firm and manager.
