Fortify Ventures


Website: FortifyVentures.com
Twitter: @fortifyvc
Facebook: fortify.vc
Founders: Jonathon Perrelli

Overview

Fortify Ventures is an investment fund that invests in technology companies. Prior to shutting down its accelerator program called 'The Fort,' the fund also supported technology entrepreneurs via supporting capital, mentorship, and community. The fund currently plans to transition into primarily later-stage funding. 

History

Headquartered in Washington, D.C., Fortify Ventures was founded in 2011 by Jonathon Perrelli. Prior to founding Fortify Ventures, the team had co-founded over a dozen companies, and as of 2015 has invested as Angels for over 15 years. In 2012, Carla Valdes and Simon Rakoff became partners. The fund then built one of Washington D.C.'s first accelerator programs called 'The Fort' with a $100,000 grant from Mayor Vincent Gray's administration. [5] On December 12, 2013, the fund announced it was shutting down The Fort, where it mentored 17 companies, in order to transition into a later-stage fund. Also in December of 2013, Jonathon announced that Fortify Ventures would become the backdrop to Startupland, a documentary series that examines the journeys of 5 of The Fort's startups. As of February, 2015, Fortify Ventures has made 41 investments in 34 companies including Feastie, Aquicore, HingeSocialTablesTalkLocal, TrendPo, Speek, CoFoundersLabRidePost, SNOBSWAP, and Uppidy. 


References

  1. Meg Rayford "DC’s Fortify Ventures Shuts Down Accelerator Program" Tech Cocktail December 12 2013
  2. Bill Flook "Fortify Ventures Shuts Down 'The Fort' Accelerator" Washington Business Journal December 12, 2013
  3. Kira M Newman "Fortify Ventures Unveils Second Class of Startups in DC" Tech Cocktail February 11 2013
  4. Sarah Perez "D.C.’s Newest Tech Accelerator 'The Fort' Debuts Inaugural Batch" Tech Crunch March 7, 2012
  5. Bill Flook "Venture capital firm Fortify launches D.C.’s first tech accelerator" Washington Business Journals January 12 2012
  6. Allyson Jacob "Fortify founders close accelerator to focus on web series, new ventures" Elevation DC December 13, 2013