Rochester Area Economic Development Inc. is launching its own angel-investment fund, raising $1 million to $2 million to assist fledgling companies. The Post-Bulletin has a report on the effort, which is still in the early stages. RAEDI is seeking accredited investors willing to put up at least $25,000 to launch the fund. RAEDI President Gary Smith said the new fund could collaborate with other regional angel-investment efforts, such as the $3 million fund launched last year by the Southern Minnesota...
