New Atlanta venture fund focused on automotive sector

Last week, we posted an article that Toyota has rebranded its venture arm and infused it with another $300 million. This news is a little closer to home.

Automotive Ventures has closed a $7 million fund to support auto tech innovation around the world. Based in Atlanta, the fund has 70 investors and seven companies in its portfolio.  The firm writes initial checks between $100,000 and $200,000 for pre-seed and seed rounds.

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