Heads up, Atlanta. There’s a new VC in town.
Johnson Venture Partners, a micro venture capital fund, has opened its new headquarters in Atlanta. In addition to the move, the firm announced Bob Cramer, a veteran in the local startup and tech community, has joined JVP as a venture partner. The firm currently operates out of the Roam coworking space in Buckhead.
Georgia native, Matt Johnson, JVP’s managing partner, has been a part of the startup ecosystem in the southeast for a long time. From Tampa to the Carolinas, he’s seen the action, but chose to set his roots down in the city too busy to hate.
“Atlanta has always been this interesting market… I was just waiting on it to finally arrive on the scene in VC, entrepreneurship, high tech and startups. It all came together recently,” he said.
JVP will focus on investment opportunities in the Southeast, specializing in seed to Series A funding. Johnson said his $5 million venture capital fund is looking for startups with high potential for growth to acquisition, IPO or other liquidity event. The fund has invested in two Atlanta startups: Demand Driven Technologies and Acivilate.
When asked about his predictions for VC activity in Atlanta during the coronavirus pandemic, Johnson said he believes venture capitalists will stay active, but the time between initial discussions and a check in hand might take longer.
“I think Atlanta with its critical mass of opportunities and capital… I think they’re going to weather the storm… I think that investors are going to continue to step up to the plate,” he said.