1834 Ventures Launches $20M Fund to Boost Tulane-Associated Startups
In a major boost for Louisiana's innovation economy, 1834 Ventures has introduced a $20 million venture fund intended to help early-stage companies with close links to Tulane University. With the goal of creating a strong pipeline connecting Tulane alumni, faculty, staff, and students’ talent to the larger startup environment, this fund is particularly aiming at companies founded or directed by them.
Named for the year Tulane University first opened, 1834 Ventures operates independently, although its objectives are intimately related to the university's aim of fostering entrepreneurship. From 30 investors spread over 11 different states, the fund has safely obtained its initial $4.4 million. This money has already helped two businesses; further investments are expected soon.
The Loui...