Blume launches ‘Founders Fund’ to back startups outside its core investment program
Image Credit: shortpedia
Venture capital firm Blume Ventures has launched its ‘Founders Fund’ to invest in startups outside its core investment program and engage with more founders. According to Blume, the program will utilise 1-2% of the core investment funds and invest in a range of $25K to $100K, depending on the size of the round, in startups to strengthen its relationship with founders. This program will not reserve capital to invest beyond this first cheque.