Though startups from the Penn ecosystem already have a healthy supply of capital to go around, here’s a new national fund that looks to fund startups out of the Ivy League institution: newly-launched Contrary Capital.
The fund has student investors perched at 55 colleges across the country. In Philly, it’s starting out with two investors at Penn: Julia Taitz and Sanjula Weerawardhena. They’ll be responsible for the Philly area, which means they’ll also be on the lookout for startups from Temple, Drexel and beyond.
Princeton, N.J.-based founder Eric Tarczinsky told Technical.ly that while the fund is still being locked down, Contrary Capital is expected to deploy 30 to 35 investments in the $50,000 to $200,000 range over the next two years.
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