USA – AZ-VC (formerly invisionAZ Fund), a Phoenix, AZ-based venture capital firm, closed its first fund, at $110m.
The fund is backed by an almost Arizona-exclusive list of LPs, many of whom will be actively engaged as advisors in helping source, mentor and grow portfolio companies. Managed by Jack Selby, an original employee and former executive at PayPal, AZ-VC is a Series A and beyond venture capital fund based in Phoenix and focused on Arizona technology companies. It is sector agnostic. To date, the firm invested $3m in Mosaic, an elastic national general contracting service for digitally empowering the homebuilding industry; and led an investment round in Uplinq, a provider of advanced bookkeeping solutions that leverages data automation and machine learning to small and medium-sized businesses.The team also included Benjamin Brockwell, Principal. 17/10/2022
