Foley is pleased to announce the launch of FoleyVentures.com
, a new website for Foley Ventures LLC, a venture capital fund formed by the firm’s attorneys that invests in or alongside clients, including operating portfolio companies and venture capital or private equity funds.
Visitors to FoleyVentures.com can find information about the fund, as well as timely legal and business insights from Foley’s Emerging Company Exchange
on issues impacting entrepreneurs and executives. The website also showcases the latest news and profiles of the wide range of promising companies in which Foley Ventures has invested.
Attorneys at Foley have funded Foley Ventures Funds I and II with a total of $6.5 million, and the funds have invested in 82 clients. A third fund, Foley Ventures III, is scheduled to launch in spring 2015. Foley Ventures has invested in companies across diverse industries, such as software, new media, internet, health care, biotech, medical devices and energy.
Foley Ventures funds were created to allow Foley to actively team with clients to grow their businesses, in addition to providing business and legal counsel.
Foley Ventures invests in Foley clients that meet specific investment criteria. For Foley’s emerging company clients, the fund will invest on the same terms as the lead private equity, venture capital or angel investor. For venture capital and private equity fund clients, Foley Ventures invests in the fund as a limited partner and as a co-investor in the fund’s portfolio companies.
The development of the Foley Ventures funds was a direct result of the firm’s extensive venture capital and private equity experience and insight gained through working with numerous funds and emerging growth companies. Foley’s Private Equity & Venture Capital Practice is comprised of more than 200 attorneys focused on the full range of public and private debt and equity vehicles and their investment activities. By offering an array of legal services, including intellectual property, employee benefits, tax, finance, real estate and corporate transactions, attorneys can assist angel, private equity and venture capital funds with all aspects of their business from fund formation to exit strategy. Foley Ventures further enhances the high caliber of service the firm provides to clients and is among many service offerings available through the Private Equity & Venture Capital Practice.