Ocean Azul Partners completed fundraising for its second fund with $40 million in commitments. And the Coral Gables-based venture capital firm is already making investments.
The firm expects to have up to 24 portfolio companies once the fund is fully invested. Up to 20% of those companies will be Israel-based ventures that focus on U.S. markets.
While fundraising, Ocean Azul invested in nine businesses:
- New York-based 1Touch.io, a network analytics-based data discovery startup
- St. Petersburg-based 5 x 5 Technologies, a software-as-a-service asset inspection platform intended for inspection and surveillance applications
- Salt Lake City-based travel technology platform Bandwango
- Mountain View, California-based health technology firm Digbi Health
- Los Angeles-based virtual reality company Emerge
- Brooklyn, New York-based Lynq Technologies, a communications hardware and "internet of things" startup
- New York-based workforce management platform Mosaic
- Miami-based medical device startup Swift Sync
- Alpharetta, Georgia-based Simetric, an "internet of things" management platform
"[We] are deeply grateful to all of our investors, many of whom participated in both funds, whose confidence and support allows us to help create future business leaders across the world," Bill Pruitt, managing director of Ocean Azul Partners, said in a statement.
In addition to its core investments, Ocean Azul reports it allocated up to 5% of its capital for Florida-based companies that do not yet meet its full criteria for full investments.
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