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Las Olas Capital is a venture capital firm based in Fort Lauderdale, Florida, founded in 2015. The firm specializes in investing in early-stage, high-growth potential companies, particularly those in the technology and real estate sectors. With a fund size of $29 million, Las Olas Capital primarily targets B2B enterprise software companies across North America. The firm has established itself as a significant player in the South Florida venture capital ecosystem, emphasizing its operator-to-investor model.
The firm’s founding partners, Mark Volchek and Dean Hatton, both have extensive backgrounds in scaling businesses, having previously scaled HigherOne from inception to IPO. This experience informs their investment strategy, which focuses on companies with strong management teams and innovative solutions. Las Olas Capital also invests in cash flow generating commercial, single-family, and multi-family real estate assets, further diversifying its portfolio.
Las Olas Capital operates from two office locations in Fort Lauderdale, enhancing its presence in the local startup community. The firm actively reviews over 1,000 deals annually, approving less than 1% for investment, which underscores its selective approach to funding.
Las Olas Capital invests across a diverse range of sectors, including SaaS, fintech, healthcare, consumer, energy, climate, mobility, AI, and logistics. The firm primarily focuses on early-stage investments, specifically in the pre-seed, seed, seed+, Series A, and Series B stages. Initial check sizes typically range from $1 million to $3 million, allowing the firm to lead rounds and provide substantial capital to its portfolio companies.
The investment strategy emphasizes companies that deliver superior products and services with attractive unit-level economics, ensuring a focus on sustainable growth and profitability. Las Olas Capital seeks to partner with businesses that demonstrate strong management and innovative solutions, particularly in technology and real estate. The firm’s operator-to-investor model allows it to provide deep operational support, enhancing the growth potential of its portfolio companies.
Las Olas Capital has built a notable portfolio of companies, primarily focusing on B2B enterprise software. Key portfolio companies include:
These companies exemplify Las Olas Capital's focus on high-growth potential and innovative solutions within the logistics and technology sectors. The firm continues to seek additional opportunities in various industries, reinforcing its commitment to supporting early-stage companies across North America.
Mark Volchek - Founding Partner. Mark has a background in scaling businesses, having led HigherOne from inception to IPO. His expertise lies in B2B software and operational strategy.
Dean Hatton - Founding Partner. Dean also has experience with HigherOne and brings a wealth of knowledge in business development and investment strategy.
Both partners leverage their extensive experience as former B2B founders to guide portfolio companies effectively, ensuring they receive the operational support necessary for growth.
To pitch to Las Olas Capital, founders should reach out via email at Jim@lasolascapital.com. It is important to include a comprehensive business plan, financial projections, and details about the management team. The firm reviews a large volume of deals annually, so clarity and conciseness in the pitch are crucial.
Response times may vary, but founders should expect a thorough review process given the firm's selective nature. A warm introduction can enhance the chances of receiving a timely response, as the firm values connections within the startup community.
In March 2018, Las Olas Capital announced the final closing of its first fund, Las Olas VC I LP, at $28.5 million. The firm continues to actively review over 1,000 deals annually, maintaining a selective investment strategy.
Las Olas Capital remains focused on building its portfolio in the B2B enterprise software space, with notable investments in companies like OneRail, ReloQuest, and Letterhead. The firm is recognized for its role in driving innovation and community within the South Florida venture capital ecosystem.
What are Las Olas Capital's investment criteria?
Las Olas Capital focuses on early-stage companies with high growth potential, particularly in technology and real estate sectors. They seek businesses that demonstrate strong management, innovative solutions, and attractive unit-level economics.
How can I apply or pitch to Las Olas Capital?
Founders can pitch their ideas via email at Jim@lasolascapital.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Las Olas Capital different from other venture capital firms?
The firm employs an operator-to-investor model, where all partners are former B2B founders. This unique approach allows them to provide deep operational support and strategic guidance to portfolio companies.
What is the geographic scope of Las Olas Capital's investments?
Las Olas Capital primarily invests in companies across North America, with a particular focus on the South Florida region.
What is the typical fund size and check size for investments?
Las Olas Capital's fund size is $29 million, with initial check sizes ranging from $1 million to $3 million.
What is the post-investment involvement of Las Olas Capital?
The firm provides operational support and strategic guidance to its portfolio companies, leveraging the extensive experience of its partners to enhance growth and operational efficiency.
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