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Automotive Ventures closes inaugural fund Tuesday, Jun. 08, 2021, 02:11 PM By Auto Remarketing Staff ATLANTA -
Automotive Ventures supports automotive technology entrepreneurs, businesses and investors with industry-specific resources, strategic consulting and extensive connections.
And now the firm has more financial resources to complete those tasks and more.
On Tuesday, Automotive Ventures chief executive officer and founder Steve Greenfield announced the final closing of the firm’s inaugural venture fund, Automotive Ventures Fund I, highlighting greater successes than originally planned.
“Fundraising during a global pandemic had its challenges, but I’m pleased to report that the fund was oversubscribed with more than $7 million in committed capital that we’re eager to deploy into early-stage automotive tech companies,” Greenfield said in a news release.