Eagle Summit Corp Announces $20 Million Angel Fund
Eagle Summit Corporation will continue to invest in groundbreaking startups in a variety of sectors where there is room for tremendous growth.
- (1888PressRelease) March 03, 2011 - While most venture funds are delaying or shrinking their fund-raising, Eagle Summit Corporation was oversubscribed by 20 percent with an investor syndicate that's more than 60 percent institutional.
"Eagle Summit Corporation will continue to invest in groundbreaking startups in a variety of sectors where there is room for tremendous growth," said Fund Manager Raphael Funk. "In the past we have correctly identified big winners in key markets ahead of most other players. In addition to a vibrant VC industry, a critical component to that growth trend is a vibrant angel investing community. The ESC Angel Fund is an exciting and unique fund that brings together many angel investors into a single organization that, through their collective and varied experience, can maximize investment opportunities."
Eagle Summit Corporation has made over 26 investments in seed stage consumer companies to date, and within the last 12 months, three have already been sold. In total, 8 Eagle Summit Corporation start-ups have been acquired by large blue-chip companies. The speed of these exits is notable - all happened within eight to thirty six months of Eagle Summit Corporation's original investment. To put it in perspective, Dow Jones, Venture Source & Campton Capital report that most venture funds took, on average, six to nine years to bring exits to their investors in the last five years.
-About Eagle Summit Corporation-
Founded in 2005 and based in Cyprus, the goal at Eagle Summit Corp is a simple one: to work with talented entrepreneurs and management teams to develop ground-breaking products and build substantial business enterprises around them. We have raised a series of partnerships, with current committed capital in excess of $450 million, and helped build hundreds of companies, 60 of which have gone on to successful IPOs and more than 45 of which have gone on to successful mergers.
-Contact Info-
Hector Kosko
Eagle Summit Media Coordinator
press ( @ ) eaglesummit dot com
www.eaglesummitcorp.com
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