Las Olas Venture Capital raises $28.5 mln maiden venture fund

Las Olas Venture Capital said it had a $28.5 million final close on a maiden venture capital fund.

The Fort Lauderdale firm will invest in seed and Series A B2B startups addressing sectors such as enterprise software, business services, fintech and edtech. Initial checks can be up to $1 million with per-deal reserves of $2 million, and the deal pace should be four to six a year.

The firm had five portfolio companies already.

Founding partners are Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek.

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