Focusing on information technology, healthcare and other high growth companies in Delaware and the Mid-Atlantic Region

NEWARK, Del.-- (July 22, 2014) -- Leading Edge Ventures I, L.P., announced today the formation of an early stage venture fund. Headquartered in Newark, Delaware, the Fund will make investments in promising early stage companies in Delaware and the Mid-Atlantic region. It will also maintain an office in Bethlehem, PA. Leading Edge Ventures will target companies that provide productivity benefits to businesses and consumers in the areas of information technology, healthcare, and other high growth markets.
First State Innovation, an organization whose mission is to accelerate entrepreneurial activity in Delaware and the surrounding region, initiated the concept and has supported the Fund's formation. Ernie Dianastasis, Chairman of First State Innovation said, "The launch of Leading Edge Ventures is a significant development for the entrepreneurial community and will provide great benefits to the region."
Jack Markell, Governor of Delaware, commented, "Funding early stage companies creates new jobs for our local economy. We're proud to have backed the creation of Leading Edge Ventures as part of our state's commitment to supporting entrepreneurs so they can turn great ideas into thriving businesses."