Iowa First Capital Fund

Iowa First Capital Fund is a venture capital fund located in Cedar Rapids and managed by Corridor Management Co. The group's first fund, composed of 18 investors, was established to focus on investing in business within Iowa. This fund currently has investments in seven companies ranging from biomedical to computer security, to decorative wildlife and birding products. The group's most recent fund, Iowa First Capital Fund II is composed of 28 investors, and was established to focus on investing in businesses within Iowa. The fund currently has investments in four companies ranging from biomedical to prepaid cell phone distribution to computer programming resources. Iowa First prefers investments from $100,000 to $500,000, and will often serve as lead investor.