FireSpring, an evergreen seed fund aiming to raise $1m by the end of year to support the startup community around Orlando in Florida has secured $100,000 from Orange County.
The latest boost brings the total for the fund raised so far to over $200,000. In April, the city of Orlando provided $100,000, and FireSpring has confirmed that Central Florida University is also a funding partner, although it unknown how much the institution has contributed.
The fund is looking to address funding challenges in central Florida where a number of promising startups and spinouts have relocated out of state after not being able to secure early stage finance.
Donna Mackenzie, executive director for FireSpring, said: “This [Orange County] partnership is a cornerstone because it needs to be known that this fund is a community effort and it’s for the community.”
