NEWS: Octane Plans “Significant” Fund of Its Own
Octane CEO Bill Carpou told OC Startups Now on Tuesday that the organization is planning a “substantial” fund of its own, independently of the two Visionary Venture funds it created and remains a general partner in. He declined to disclose the precise amount that Octane would seek to raise for that fund.
Octane – the multi-faceted organization and event presenter with a tech and life sciences accelerator in Aliso Viejo – created the original Visionary Ventures Fund I LP, for ophthalmology investments.
It’s also a general partner in the sequel fund – Visionary Ventures Fund II LP – which has branched out to also include medical aesthetics. This fund is seeking to be the first $100 million venture fund in OC. See related article here.
This strictly Octane fund would invest in companies that have not only gone through its LaunchPad accelerator, but would be mainly for those who have also pitched at Octane’s annual events.
Those particular early-stage companies are the “best of the best” and out-perform the other LaunchPad alums three to four times in terms of ROI, Carpou said.