Business

Global angel network establishes chapter

In another sign of widening interest in Miami’s entrepreneurial ecosystem, Keiretsu Forum, a large worldwide angel network, is opening a chapter in Miami.

Keiretsu Forum was founded in 2000 by Randy Williams in the San Francisco Bay Area, and now has 30 chapters and more than 1,100 accredited investor members. Keiretsu Forum members typically provide capital in the $250k – 2 million range in early-stage companies. Members collaborate in the due-diligence, but make their own investment decisions. Through the Keiretsu Forum, more than $400 million of capital has been invested into technology, consumer products, Internet, healthcare, life sciences and real estate companies, the forum said.

The southeast regional group had been meeting on Fisher Island for a few years and attorneys Chris Boyett, Rod Bell and Danielle Price with Holland & Knight, its host sponsor, encouraged the group to set up a chapter.

“We saw the potential for the Keiretsu Forum to be a success in South Florida and there is a huge need for an organization like this,” said Bell, a Holland & Knight partner who heads up the domestic corporate practice in South Florida. “The time is right for something like this to come along and help these companies get to the next level.”

Keiretsu Forum said John Inman, a commercial real estate investor, will lead the Miami chapter and plans to select 20 founding members before year’s end.

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