Iowa Fund of Funds invests in Minnesota, Tennessee-based venture funds

Opportunity is knocking for Iowa’s entrepreneurial companies. The Iowa Fund of Funds has invested in two more venture capital funds that have pledged to consider infusing capital into Iowa-based companies.

The Iowa Capital Investment Corp., which manages the Iowa Fund of Funds, last week announced that it has made commitments to invest in Richland Ventures of Nashville, Tenn., and Tonka Bay Equity Partners of Minnetonka, Minn.In return, the managers of those funds will be looking at Iowa companies for potential deals.

By Joe Gardyasz
[email protected]

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