New Venture Capital Fund Yields Early Returns

In its first year of investments the $25 million Alabama Futures Fund has spurred three promising young tech companies to move their headquarters to Birmingham.

Raymond Harbert Birmingham, along with the rest of Alabama, continues to make inroads in the nation’s entrepreneurship circles, particularly the high-tech sector. The city received a major boost last September with the formation of the Alabama Futures Fund, a $25 million early-stage venture capital fund that will fund startup companies based…

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