By Allan Maurer
NAPLES, FL—The Tamiami Angel Fund (TAFI) created following the Southwest Florida Regional Angel Fund Assessment and legislation passed by the Florida legislature in 2007 creating the Florida Capital Formation Act and the Florida Opportunity Fund, has raised at least $200,000 of a fund targeted at $4.3 million.

The fund, originally targeted at $3 million is now aimed at $4.3 million according to a filing with the U.S. Securities and Exchange Commission that reveals it has so far raised $200,000.

According to the fund’s web site, TAFI is to be a for profit member-owned and member-managed limited liability company, organized to provide Members an opportunity for active involvement in a diversified capital investment process and a portfolio of Florida based emerging growth companies.

The fund’s strategy and model for early stage investing will leverage an investment committee approach and a mentorship philosophy, establishing an organization through which Angels, as former successful executives, and entrepreneurs can remain involved in business investing.

It plans to invest in early stage, high growth companies primarily in the Southwest Florida region and throughout the state.

The fund will hold monthly meetings beginning in October and running through May where it will present emerging companies to its members.
The meetings are limited to accredited investors.

It will invest emerging companies in biotech, business products and services, the Internet and web services, clean tech, education, medical devices and equipment, education, electronics and instrumentation, telecommunications, healthcare services and nanotechnology.

Online: www.tamiamiangels.com

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