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Maui tech firm mbloom LLC secures $10M in funding
- Duane Shimogawa
- Reporter- Pacific Business News
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A Maui-based technology fund called mbloom LLC, the first early-stage fund of its kind in Hawaii, said Tuesday that it secured $10 million through a public-private partnership formed with Hawaii State Development Corp. and East Coast-based hedge fund Rosemont Seneca Technology Partners.
Founded by entrepreneurs Arben Kryeziu and Nick Bicanic, mbloom aims to create an environment that would provide seed funding to develop and grow companies in Hawaii.
They started the fund after realizing the need to retain great talent on Maui.
The fund tries to help entrepreneurs come up with their products, find go-to-market approaches and reach their ultimate goals.
“We are excited to use mbloom Fund 1 to create economic growth for Hawaii,” Kryeziu said in a statement. “Innovation happens in Hawaii, but many companies leave the island for growth opportunities on the Mainland. We want to keep Hawaii startups here, giving them opportunities to develop, connect, and make a mark just like the startups in Silicon Valley.”
Duane Shimogawa covers energy, real estate and economic development for Pacific Business News.
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