There’s a new growth fund based in Durham that has a slightly different investment strategy. Jurassic Capital, led by Joe Colopy and Kevin Mosley, has closed an initial $20 million in commitments from investors for the firm’s first fund available to outside investors.
As noted in this article from WRAL TechWire, Jurassic Capital will focus on bootstrapped start-ups that have at least one million dollars in revenue. “We founded Jurassic to fill a gap for bootstrapped founders that need capital and expertise to scale their software businesses,” Colopy wrote in a statement. “I saw this gap while growing Bronto Software so, with this fund, I look forward to helping founders and their software companies overcome the scaling challenges that Bronto experienced.”