St. Louis chamber establishes venture capital sidecar fund

The St. Louis skyline as seen from across the Mississippi River | Courtesy of Bryan Werner/Flickr
The St. Louis Regional Chamber’s new fund aims to help companies keep growing in the city. | Courtesy of Bryan Werner/Flickr

Having said for years that St. Louis has a shortage of venture capital, the St. Louis Regional Chamber has set aside $700,000 to start a so-called sidecar fund, which wouldn’t select companies itself but would invest alongside other venture capitalists who make deals in St. Louis. The group hopes, with the help of other investors, to launch a fund of between $10 million and $15 million, the chamber’s vice president for new ventures and capital formation said.

The fund, formally known as the Accelerate STL Investment Fund, would target companies that are past the seed-funding stage and need to raise substantial sums to keep growing.

Read more from the St. Louis Post-Dispatch


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