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venVelo
venVelo is the premier early-stage venture fund in Florida for innovative companies seeking capital and mentoring. It launched in 2012 and established itself...
venVelo
venVelo is the premier early-stage venture fund in Florida for innovative companies seeking capital and mentoring. It launched in 2012 and established itself as one of the most active venture funds in central Florida. The board consists of entrepreneurs with previous exits of over $200 million and executives experienced in sales, marketing, HR, and finance. venVelo prefers early-stage pre or early revenue companies that can benefit from mentorship and looks for coachability in entrepreneurs.
General information
Firm type
Generalist
Year founded
2012
Location
Region
North America
Country
United States
City
Orlando
Corporate office
Orlando, FL, United States
Principals
Richard Licursi
CEO and President
Peter McAlindon
Co-founder and Chief Community Relations Officer
Michael Wolsonovich Jr.
Treasurer and VP
Clay Biddinger
Board Member
Sector focus
Frequently asked questions
Who makes investment decisions at venVelo?
Richard Licursi, as CEO and President, leads investment decisions at venVelo. Co-founder Peter McAlindon contributes to deal sourcing and community relationships through his role at Rollins College. Michael Wolsonovich Jr., as Treasurer and VP, oversees the firm's real estate and private equity holdings, while board member Clay Biddinger provides strategic guidance, particularly on energy-related investments through his operating experience at Kenyon Energy.
Does venVelo invest in both venture capital and real estate?
Yes. venVelo operates a hybrid platform that deploys capital into early-stage venture deals across technology sectors while simultaneously managing a commercial real estate portfolio through affiliated entities. The real estate holdings, concentrated in the Southeastern United States, are managed by Michael Wolsonovich Jr. and Jon Sahn. This dual mandate is unusual for an asset manager of venVelo's scale and more closely resembles a family office architecture.
What is venVelo's relationship with Rollins College?
venVelo maintains a strategic partnership with Rollins College Crummer Graduate School of Business through the annual Venture Plan Competition, which provides a pipeline of early-stage companies and student entrepreneurs. Co-founder Peter McAlindon serves as Entrepreneur-in-Residence at Rollins, embedding the firm directly into the university's entrepreneurial ecosystem. This relationship functions as a proprietary deal-sourcing mechanism distinct from the broader Florida angel network.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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