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Tech Council Ventures
Tech Council Ventures invests in early-stage technology companies in the Mid-Atlantic region with Seed and Series A financing. With $175M AUM, it invests $500K...
Tech Council Ventures
Tech Council Ventures invests in early-stage technology companies in the Mid-Atlantic region with Seed and Series A financing. With $175M AUM, it invests $500K to $3M into the region’s most promising growth technology companies. The firm manages $175 million across two comparably focused early-stage venture funds and contributes its network, including affiliation with one of the largest technology councils in the United States, to assist portfolio companies.
General information
Firm type
Venture Capital
Year founded
2000
Location
Region
North America
Country
United States
City
Summit
Corporate office
Summit, NJ, United States
Principals
Jim Gunton
Managing Partner & Founder
Steve Socolof
Managing Partner
Mark Kolb
Partner
Aaron Price
CEO, TechUnited
Jane Dela Cruz
Director of Operations and Marketing
Stephanie Petak
Controller
Jossy R. Harrington
Senior Associate
Frequently asked questions
How does Tech Council Ventures source its deal flow?
The firm sources potential investments through its close affiliation with the New Jersey technology council network, now TechUnited:NJ. This relationship gives the firm visibility into startups, corporate spinouts, and academic research commercialization efforts across the state's pharmaceutical, telecommunications, and advanced manufacturing sectors. The council's membership base and event programming serve as a proprietary funnel that most standalone venture firms cannot replicate.
What is Tech Council Ventures' relationship to TechUnited:NJ?
Tech Council Ventures originated alongside the New Jersey Tech Council, which later rebranded as TechUnited:NJ. The firm's name and mission are historically linked to this industry association, and the two entities share a mission of fostering technology-driven economic growth in the region. The venture firm leverages the council's corporate and entrepreneurial network for deal sourcing, due diligence, and portfolio support.
Which sectors does Tech Council Ventures prioritize?
Enterprise software, life sciences, and advanced manufacturing form the core sector focus. These align with the industrial and academic strengths of New Jersey and the broader Northeast, giving the firm specific domain knowledge that generalist coastal funds often lack when evaluating similar opportunities in the region.
Where does Tech Council Ventures invest geographically?
The geographic footprint centers on New Jersey and the mid-Atlantic, extending into the Northeast corridor. Proximity to research institutions like Princeton, Rutgers, and the pharmaceutical headquarters concentrated in the state is part of the firm's operating thesis, and these relationships inform both sourcing and portfolio company development.
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