Channel Mark Ventures, a privately owned technology investment company, has launched the ChannelUp Fund, a private placement investment fund designed to accelerate and expand the firm’s technology venture capital investments.
The ChannelUp Fund will place a minimum investment of USD500,000 of start-up capital into each new investment that Channel Mark Ventures makes.
ChannelUp funding will allow for Channel Mark Ventures to add to its expanding portfolio of private placement technology investments, while also significantly shortening the average time of bringing a technology product or service to market.
Danny O’Shea, chief executive and founder of Channel Mark Ventures, says: “We all know how quickly consumer and business technology applications and devices are changing. Obviously we’re in a speed and execution game here as technology investors. We have to focus on the search, identification, and seizure of unique technology opportunities. We’re very confident that Channel Mark Ventures is well positioned to deploy both our business capital and our technology expertise to nail our investment targets quickly and efficiently. The bottom-line is that we know what we want, and more importantly, we are prepared to go after it.”
Channel Mark Ventures was an early investor in SILVIA, the core artificial intelligence platform developed by Cognitive Code Corporation.
O’Shea says: “We’re really good at recognising disruptive technologies before others do. We have an innate ability to frame out the intangibles and project where we believe the connecting points of a particular technology will hit. Ultimately it comes down to technology assessment and projecting application potential to scale. When we saw SILVIA in action we absolutely knew what we had in front of us…it was clearly a technology game changer.”
The technology has been adopted by Northrop Grumman and is now being applied across numerous business and commercial verticals.
With the ChannelUp Fund in place, Channel Mark Ventures plans on adding four to six private placement investments per year. Channel Mark Ventures estimates that by 2014 their current private placed investments will be connected to more than USD2bn in associated business revenues.
