Garage Capital initial closes third fund

Garage Capital, an entrepreneur-venture capital firm, has held an initial close for its third fund, Garage III, raising US $#Premium Subscribers ONLY Content – research and intelligence – know others don’t, be informed.#

The fund has reportedly secured $5-15 million under federal government’s Venture Capital Catalyst Initiative (VCCI).

The fund is led by co-founders of Vidyard and former founder of Buffer Box.

Garage II closed in 2015 with capital commitments of US $7 million, the majority of it came from federal government venture capital arm BDC Capital.

photo credit: RyanMcGuire via pixabay