UpVentures

Early Stage Investments that Propel Growth

Venture Capital

Program Type
Venture Capital
Avg Funding Amount
$100K-$300K
Investment Stage
Later Seed Stage, Series A
Portfolio Size
35 Companies
Investment Location
New York, Silicon Valley
Industry Focus
SAAS, FinTech, PropTech, Automotive Tech, HR Software, Healthcare IT, Sales & Marketing Software, Cyber Security, Food & Beverage, Clean Tech

UpVentures invests in early stage technology companies, primarily in Upstate NY but also NY metro, Silicon Valley and other locations where our relationships extend to help entrepreneurs start and grow companies.

Economic Opportunity Zones

The Opportunity Zones Program provides the following three benefits to investors when capital gains are reinvested into a Qualified Opportunity Fund (QOF) within 180 days after sale.

Deferral of Capital Gain

Delay payment of capital gains tax bill on original gain until December 31, 2026.

Partial Exclusion on Original Gain

If the QOF is held for 5 years, the investor’s cost basis will increase by 10% of initial gain deferral. If the QOF is held for 7 years, the investor will receive an additional 5% step-up in basis for a total of 15% of the original gain being excluded from tax.

Permanent Gain Exclusion on Fund Appreciation

Investors who hold their QOF investment for at least 10 years will receive a basis increase equal to 100% of the QOF’s fair market value on the date of sale, resulting in no tax due on the QOF’s appreciation.

Note: All assets which are located in an opportunity zone when purchased by the QOF must be improved by incurring costs greater than 100% of the initial basis in the assets over 31 months.