AZ-VC was built out of necessity to fill the void that existed in terms of capital sources for post-revenue companies looking to expand beyond seed-level financing. Without local financing options, these companies relied on venture capitalists outside of Arizona in places like Silicon Valley, Salt Lake City, Denver and elsewhere. Fundraising is always hard – it’s even harder when you are from out-of-town. In 2020, invisionAZ and its Chairman Jack Selby, made an announcement to lead the charge to create the largest venture capital fund in the state’s history. Anchored with $25M from Pinnacle West Capital Corporation, AZ-VC (formerly invisionAZ Fund) began to take shape. In collaboration with prominent members of the Arizona community, this historic milestone has been achieved, demonstrating the inertia and conviction behind Arizona’s thriving tech ecosystem.