Jax-based investors fund tech startup's growth

Via First Coast Inno

A Google search brought Miventure Inc. from New York City to Orlando, a move that paid off for the startup less than two years later in the form of an acquisition.

Since then, the tech firm has been able to secure funding from a Jacksonville-based investment firm.

Miventure, a developer of a crowdfunding investment app for startups, received a $256,000 seed round investment led by Jacksonville-based JaxAngels LLC, with Seedfunders Orlando LLC, Atlanta-based Johnson Venture Partners and St. Petersburg-based Seedfunders LLC also participating in the round.

Tyler Brown, partner at Jacksonville-based Vertus Ventures LLC, is also a member of angel investor group JaxAngels. After JaxAngels invested in Miventure, Brown acted as an adviser for the company. Brown said he was impressed with how knowledgeable the founders were in marketing and technology and how fast they worked. “For a startup, they move at lightspeed."

Recently, Miventure was purchased by St. Paul, Minnesota-based Silicon Prairie Holdings Inc. for an undisclosed amount, the companies announced in November. As a result, the two will join forces to build an improved investment crowdfunding portal for businesses, Miventure co-founder and former CEO Jason Crystal told Orlando Inno.