ETF Venture Funds Rebranded as SeventySix Capital

ETF Venture Funds Rebranded as SeventySix Capital

ETF Venture Funds, an early stage venture capital firm that invests companies in the healthcare, mobile, media and entertainment, greentech and business 2.0 industries, has changed its name to SeventySix Capital.

The new name is the final component of a multi-stage re-branding effort.

Founded in 1999, SeventySix Capital’s portfolio companies have created new industries, generating over USD5bn in revenues and supporting more than 6,000 jobs.

Successful investments include SeamlessWeb, which was acquired by Aramark; Take Care Health Systems, which was acquired by Walgreens; and Nutrisystem, whose stock price grew from less than USD1 to over USD70 over a five year span.

"SeventySix Capital is committed to the same principal objectives of portfolio company success, investing excellence, and market innovation that have been the hallmarks of our firm since its founding over a decade ago," says Wayne D. Kimmel, managing partner of SeventySix Capital. "While our name has changed, we will not alter the distinctive manner in which we approach venture capital, most notably our strategy of cultivating deep relationships with entrepreneurs, Fortune 500 companies, governmental bodies, and limited partners."

The firm says the brand emphasises the entrepreneurial spirit that led to the founding of the US and the Philadelphia region’s increased importance along the New York to Washington DC corridor.

Source: https://www.privateequitywire.co.uk/etf-venture-funds-re-branded-seventysix-capital/