Atlanta-based Mosley Ventures has received a $3.25 million investment from Invest Georgia, a state-run venture capital fund.
The General Assembly created Invest Georgia back in 2013, an initiative of Lt. Gov. Casey Cagle, to boost investment in Georgia-based growth and early-stage companies
The VC fund was allocated $20 million out of an allowed $100 million to date from the state, but has received $15 million at year-end.
The $31 million Mosley Ventures fund has invested in nearly 20 companies since launching four years ago. The fund invests in seed-and-early stage companies in cybersecurity, digital media, machine learning and mobility.
Invest Georgia, last year, considered a shortlist of three Georgia venture funds for investment, said Knox Massey, executive director of Invest Georgia.
“Sig is one of the most prolific Georgia-based investors,” Massey said. “We did three months of due diligence and feel it’s a great choice for the Invest Georgia program and for the Georgia community.”
In 2015, Invest Georgia invested $3 million in TTV Capital, IV, a financial services-focused venture capital fund.