A group of New Hampshire investors are launching the largest seed stage venture capital fund in state history.
More than 40 individuals, including some early Dyn stakeholders, are putting money into the new Millworks II Fund. The New Hampshire Business Finance Authority is also chipping in, bringing the total investment pool to $1.8 million.
“The New Hampshire economy needs new companies…to grow and flourish,” says Millworks partner Gray Chynoweth. “If we are not consistently putting investment at the very early stage to get those entrepreneurs–to give them the courage to quit their full time jobs, and start out on these new ventures–then we won’t have a future economy.”
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