Fracture, a Gainesville firm that developed digital technology to print photos on glass, has received an investment from the Tamiami Angel Fund I, which targets emerging growth companies. Initially, the fund is investing $410,000, with more to come if Fracture reaches certain performance targets during the next year. Fracture stands to receive up to $750,000.
The Tamiami Angel Fund I (“TAFI”) is Southwest Florida’s first Angel Fund and the only active Angel Fund in the state of Florida, according to their website. Though its members have reviewed more than 400 business plans and invited more than 20 companies to make pitches for financing, the investment in Fracture is the fund’s second-only investment.