Baleon Capital, a one-year-old venture capital firm started by investment veteran Jon Kaiden, closed its first fund to invest in pre-Series A and Series A companies focused on health and medical care in the United States, Tech Crunch reports.
Before starting the Miami-based firm, Kaiden was a founding member and principal of Sopris Capital.
Though he did not disclose the fund amount, Kaiden did say he was targeting $100 million for the second fund. He expects to initially be able to invest in between eight and 12 companies with $5 million to $10 million in check sizes. Read more.
