NEW ORLEANS, LA and NEW YORK, NY--(Marketwired - April 01, 2016) - Valmiki Capital
Management LP, a New York-based asset management company, announced that it is
forming a partnership with Landing Zone through Valmiki's New Orleans venture
capital subsidiary, Valmiki 504 LLC. Landing Zone is a pioneering entrepreneurial workspace founded by Robert
Armbruster, a US Naval Academy graduate and Iraq War veteran. Together with its affiliated veterans'
business accelerator Vetlaunch, Landing Zone helps launch and scale fundable
businesses.
Peggy Babin, CEO of Valmiki 504, said, "We are thrilled to bring to New
Orleans Valmiki's well-established investment process of partnering with
business accelerators on the ground to source and nurture emerging
companies. It is a model that has proved successful in de-risking early
stage private investment and will be tremendously helpful to the NOLA startup
ecosystem."
Valmiki's New Orleans offices will be located in Landing Zone's co-working
space and will be immersed Landing Zone's startup community. Bob Armbruster
said, "The physical presence of the Valmiki team and the capital from its funds
will be integral to helping startups in the accelerator program become truly
fundable and scalable. In addition, Valmiki
brings an even more valuable resource -- their network of affiliated startup incubators
across a number of industries."
The partners also announced that Valmiki has invested in a new Landing Zone
incubated startup which is currently in stealth mode and will launch operations
in 2017. The new company is expected to
employ over 150 veterans in high-paying full-time jobs within three years of
launch. This startup will benefit from the expertise of two of Valmiki's New
York-based industry incubators and exemplifies the Valmiki model of sourcing
industry expertise from across its network of incubators to help its portfolio
companies. Valmiki expects this venture to be the first of a number of
companies funded from the Landing Zone partnership.