Blake Patton, a former chief of tech business incubator ATDC, is pleased to announce the launch of Tech Square Ventures, a venture firm that will bet on Atlanta’s seed-stage and early stage companies.
“At the top of the funnel we still have a capital shortage — at the earliest stage,” said Patton, a serial entrepreneur and former interim manager at the Advanced Technology Development Center (ATDC) at Georgia Tech.
Patton, a first-time venture capitalist, is stepping onto a crowded field. Multiple early-stage funds are being raised in Atlanta — at a time when a booming stock market has made high-risk venture capital an even more unattractive investment class.
More than $50 million in early stage funds have been announced in the past year, including a $25 million fund by veteran tech investor Sig Mosley.
Further up the food chain, later-stage venture firms are raising nine-figure funds. Noro-Moseley Partners is raising its sixth fund, expected to be about $120 million.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Blake Patton, ATDC, Business Incubator, Tech Square Ventures, Atlanta, Seed-Stage Company, Early-Stage Company, Advanced Technology Development Center, Georgia Tech, Sig Mosley, Noro-Moseley Partners.