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Today: July 22, 2024
July 2, 2024
1 min read

Frazis Launches VC Fund, Announces First Investments



TLDR:

  • Michael Frazis, a Gen Y tech investor, has launched a venture capital fund and invested in software start-up Caresquare.
  • Frazis has raised $10 million from high-net-worth investors and associates to invest in early-stage start-ups in software, healthcare, and e-commerce.

Gen Y tech investor Michael Frazis has entered the venture capital investment space by acquiring a 10% stake in software start-up Caresquare, which focuses on improving efficiency for National Disability Insurance Scheme managers. With $10 million raised from 65 high-net-worth investors, Frazis has already invested in 12 early-stage start-ups in various sectors. His investment strategy involves targeting companies at the formation stage to secure favorable deal terms. Frazis, a University of Oxford graduate, also manages the Frazis Capital fund, emphasizing high-growth software enterprises. He believes that current advancements in artificial intelligence have made coding more efficient, allowing for cost-effective product development.


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