Halcyon raises fund to invest in portfolio companies like CPRWrap
DC Inno reports that Halcyon, the social impact nonprofit based in the Nation’s Capital, has closed its first fund more than three years after initiating efforts.
The Halcyon Fund is the organization’s third funding vehicle, alongside an angel investment network and microloan fund, and it has already made 13 investments. Expectations are that the portfolio will have 18 to 20 companies within a year.
The goal is to back start-ups that come through its flagship residency incubator and other programs. For Tennessee readers, one of the participants in Cohort 15 of the Halcyon Incubator was Felicia Jackson who founded CPRWrap Inc. in Chattanooga before recently relocating to Nashville.
