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Valley Strong Invests $1.5 Million With Kern Venture Group

Nov 08, 2021almost 4 years ago

Amount Raised

$1.5 Million

Round Type

seed

Bakersfield

Description

Valley Strong Credit Union has committed $1.5 million to Kern Venture Group's next fund (KVG) to support investment in the Central Valley. The money will be used to establish a $10 million fund to target early stage seed investments in startup companies looking to turn revolutionary ideas into disruptive businesses.

Company Information

Company

Kern Venture Group

Location

Bakersfield, California, United States

About

Kern Venture Group is the first seed stage venture fund headquartered in Bakersfield. It currently manages a portfolio of over 20 startup companies with an investment thesis focused on supporting an entrepreneurial ecosystem in the Central Valley.