A few months after Backswing Ventures raised its first venture fund in 2020, Managing Partner Kyle Asman moved from New Jersey to Windermere in search of nicer weather, lower taxes and a better business climate.
Money from the first fund was invested into 10 companies, none in Florida. However, Asman told Orlando Inno he is raising a second fund that’s likely to fund startups in metro Orlando’s $14 billion defense sector.
Why this story matters: Venture capital helps startups develop…