A new venture firm focused on early-stage technology companies in New York has debuted, according to reports by Fortune and Dow Jones VentureWire.
Because of regulatory rules, Brian Hirsch, managing director of New York’s GSA Venture Partners, could not discuss the birth of Tribeca Venture Partners when contacted by Xconomy, but Tribeca’s website offers a glimpse at its DNA. Tribeca shares the same physical address as GSA Venture Partners. Much like GSA Venture Partners, Tribeca is described as a $102 million fund focused on investing in seed and early-stage companies in such sectors as digital media, e-commerce, and financial technology.
Tribeca’s site says it will dole out first round investments that range from $100,000 to $4 million to early-stage companies. So far Tribeca lists New York’s Altruik, which provides search engine optimization services, and AppNexus, a platform for buying online advertising, in its portfolio. Altruik is also listed in GSA’s portfolio.
Though he cannot talk about it yet, Hirsch is not alone at Tribeca Venture Partners. Chip Meakem, managing director with Kodiak Venture Partners, is listed as Tribeca’s managing partner. Somak Chattopadhyay, principal with GSA Venture Partners, is listed as a partner with Tribeca.
