In a year that has seen tech accelerator DreamIt Ventures expand to Israel and Austin, Texas, it may not be surprising that it’s raising a $50 million venture fund.
So far it has raised about $1.5 million, according to a Form D filing with the Securities and Exchange Commission.
The accelerator is using the money to make follow-on investments in some of the 80 companies that have graduated from its programs since its launch in 2008. Startups accepted into its programs can get up to $25,000 in funding in exchange for a 6 percent stake in their companies.
To read the full, original article click on this link: Tech accelerator DreamIt Ventures raising $50M fund (video) | MedCity News
