PRESS RELEASE: Capital A Partners launches its first venture capital fund in South Carolina New venture capital and private equity investor announces its first portfolio investment, Best Chefs America August 21, 2013 (Press Release) CHARLESTON, SC – Capital A Partners launched its first venture capital and private equity fund, focused on providing growth capital to early stage high growth ventures and small operating companies. The company has started its operations in Charleston, SC with initial investors and plans to raise more then $10M in this initial fund. “The South Carolina entrepreneurial ecosystem is experiencing continuous growth and innovation”, commented David Mendez, General Partner of Capital A. “Providing this level of institutional capital to emerging companies in this underserved market is of tremendous demand and a significant opportunity for our investors” he added. Capital A is launching with its investment in Charleston-based Best Chefs America. Riding the wave of enthusiasm surround all things culinary, Best Chefs America started up in May 2012. Their team recently conducted more than 5,000 one-on-one interviews with chefs all over the U.S. to find out who the chefs think are the Best Chefs in America. The results are published in their inaugural edition which came out in March this year. “We are excited about this first investment in Best Chefs America. The early momentum of the business, the proven business model, and the capital efficiency of their operation represents the type of investments Capital A will be making.” Although initially focused and based in the southeast, the fund will also diversify its portfolio with investments in other geographies. For more information visit capitalapartners. Contact for Capital A Partners: David Mendez, General Partner, info@capitalapartners Follow us on Twitter: @capapartners Contact for Best Chefs America: Bill Blalock, Chief Executive Officer, info@bestchefsamerica Follow us on Twitter: @thebestchefs
Posted on: Wed, 21 Aug 2013 20:13:12 +0000
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