VenVelo rolls out second Central Florida startup fund

One of the startups invested in by venVelo’s first early-stage startup fund that launched in 2012 was Orlando-based Fattmerchant (now called Stax), which went on to become one of Central Florida’s fastest-growing firms.

VenVelo hopes to replicate the success of its first fund and further build up the region’s startup community with a second fund now underway, venVelo President and CEO Richard Licursi told Orlando Inno. The venVelo II fund has raised more than $1 million, with plans to raise…