NEW YORK, July 26, 2017 (GLOBE NEWSWIRE) — ATX Seed Ventures (www.atxseedventures.com), a Texas early stage venture capital firm, announces it received the 2017 INNOVATION Award by the China-US Chamber of Commerce (www.cnusa.org). The ceremony took place on Tuesday, July 25th in New York City.
Based in Austin, Texas, ATX Seed Ventures is an early stage venture capital firm that specializes in Texas-based technology investments. The firm’s investment focus is software, IoT, e-commerce and mobile applications especially for industries that are traditionally slow adopters of technology. Deals are sourced and managed by the Firm and a cadre of 40+ LP’s who are highly successful operators and proven executives. ATX makes investments that reflect the vitality and technology innovation opportunity of Texas.
ATX Fund I (2014 vintage) is tracking to be a top performing early stage fund. ATX Fund II is open for investment and will close at $50 – $75 million in commitments. Fund II has already invested in 3 portfolio companies and has a solid pipeline of additional investments.
According to Chairman Wynn Wang, “China-Texas relations are extremely strong. There are more than 150 Chinese companies operating in Texas. China is a growing partner in Texas’ prosperity and the Chamber is pleased to honor ATX Seed Ventures with our 2017 INNOVATION Award. We believe the firm is tapping into the innovative spirit of Texas. We look forward to a being the bridge between Texas and China for business and friendship.”
Chris Shonk, Partner, ATX Seed Ventures, said, “We are honored to be selected by the China-US Chamber of Commerce to receive its 2017 INNOVATION Award. Austin is a powerhouse of innovation and Texas companies will grow and surprise the world with innovative and disruptive technologies. Early stage investing has become a core initiative of most public & privately-held companies. A corporate development team from Asia flew in the other week to meet a portfolio company. Corporate partners are looking for quality early stage opportunities to innovate and stay relevant. We look forward to working closely with the Chamber to increase profitable relations between Texas and China.”
The event was organized by Heinlyn LLC (heinlyn.com), a leading Chinese and US public relations firm. For more information about the event, please contact: contact@cnusa.org.
About China-U.S. Chamber of Commerce: The China-U.S. Chamber of Commerce (www.cnusa.org) has been providing its members and the general public with first hand information relative to how to succeed at conducting business in both China and the United States for over a decade. The China-U.S. Chamber of Commerce has held various bilateral exchange activities including international investment and trade forums, business conferences and member enterprise information exchange activities. These efforts are provided to continuously improve the business investment and trade environment of China and the United States and to achieve a win-win solution.
About ATX Seed Ventures: Based in Austin, Texas, ATX Seed Ventures is an early stage venture capital firm that specializes in Texas-based technology companies. The firm’s investment focus is software, IoT, e-commerce and mobile applications. ATX seeks to be the first “institutional” capital by making Seed+ and Series A investments in industries that have been slow adopters of technology such as real estate, energy, agriculture, manufacturing, and financial services. ATX prefers to invest in revenue generating companies with proven and previously venture-backed entrepreneurs and executives who know how to achieve commercial scale. Please contact info@atxseedventures.com for more information.
CONTACT: Investors and Media Contact: Zhe Wang China-US Chamber of Commerce 646-731-0854 wangzhft@gmail.com Eric Foultz ATX Seed Ventures info@atxseedventures.com
Source: Software