The first venture capital firm funded tech after the war
In 1946, the American Research and Development Corporation launched as the world's first modern venture capital firm, fueling post-World War II tech innovations and shaping today's industry.
The American Research and Development Corporation (ARDC), founded in 1946, pioneered modern venture capital. It specifically targeted technology startups after World War II, a time when traditional banks shied away from risky, innovative ideas. ARDC raised $3.5 million to support these companies, emphasizing long-term growth in sectors like electronics and computing.
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