Iowa’s largest venture fund added five companies to its portfolio in 2017 while raising additional capital towards its $125 million target.
After launching in February of 2017 ManchesterStory invested in five startups and was the lead investor in each deal. The fund also raised $10 million, raising its total to $41 million.
Dave Miles, a Managing Partner of ManchesterStory, said along with his partner Matt Kinley, they saw over 550 deals last year and anticipate a similar 2018. He said to expect the portfolio to grow to anywhere between 15-20 companies over the next five years.