[September 14, 2004] C3 Tech Innovations Launches $10 Million Private Equity Fund NEW YORK --(Business Wire)-- Sept. 14, 2004 -- New York Real Estate Developer Charles Cara Leads Investor Group Targeting Overlooked or Under-Funded Technology Companies C3 Tech Innovations, LLC, today announced that it has launched a $10 million private equity investment fund targeting technology companies that were overlooked or under-funded during the post-bubble retreat. Charles Cara, New York City real estate developer and an early-stage investor in technology and media companies, is Senior Investor in the fund, called C3 Tech Fund 1. C3 Tech Innovations will provide equity, capital, debt and related financing in the $250,000 to $1 million range to technology and digital media start-ups. "C3 Tech Fund 1 was created with the recognition that there were early-stage technology companies with compelling business propositions that fell off the radar in the rush to the exits during the tech bust," said Cara. "Our German investments and our business partnerships underscore the international scope of the fund and give us a valuable foothold in one of Europe's key technology and financial capitals." Cara added, "We see exceptional opportunities for the efficient use of private equity in Germany, New York, and other technology centers." To date in Germany, according to Cara, C3 Tech Fund 1 has closed on one investment and expects to close on a second investment shortly. Background C3 Tech Innovations principals have a wealth of experience building successful companies from the ground up in the fields of technology, real estate, media, market research, quick service restaurants and construction. The fund works actively with portfolio companies on all facets of business including strategy, implementation and financing. Mr. Cara is a Brooklyn-based developer. He has completed commercial and residential property deals valued at more than $150 million, including deals involving 81 Pearl St. and 31 Washington St. in Brooklyn's high-end real estate development area, Down Under the Manhattan Bridge Overpass (DUMBO). An announcement on a DUMBO mixed-use condominium tower with 268 apartments, ground-floor retail, a 350-car parking garage, and easy access to Wall Street is expected soon. C3 Tech Innovations invites senior officers of technology companies seeking early capital rounds to submit their business plan and a written proposal to [email protected]. For more information, please visit www.c3techinnovations.com. [ Back To TMCnet.com's Homepage ]