LOS ANGELES & TAIPEI, Taiwan--(BUSINESS WIRE)--Lawrence Ng, entrepreneur and co-founder of Oversee.net, today launched OnRamp Fund, a $10 million incubator that invests in early stage startups. Unlike other funds that invest in a large number of startups, OnRamp Fund’s focus is to help its portfolio companies achieve critical milestones by working closely with select entrepreneurial teams.
Entrepreneurs in the incubator will have the opportunity to work with mentors and advisors who have built successful companies and are veterans in their industries. OnRamp Fund’s advisors include co-founder and Chairman of Legalzoom Brian Liu, Jamie Lin, founding partner of Taiwan-based AppWorks, Eytan Elbaz, chairman of Opposing Views and co-creator of Adsense, CEO of EV Connect Scott Jarus, and former CFO of David’s Bridal Gene Morphis. Entrepreneurs will be guided by a team of technology, marketing and development specialists with strong track records of bringing companies to market quickly.
“OnRamp Fund’s international capabilities give entrepreneurs access to top global talent in technology more cost effectively than traditional venues,” said Lawrence Ng, founder and principal of OnRamp Fund. “We know how to build highly scalable and profitable businesses from both internally generated ideas and external sources.”
OnRamp Fund has expertise in cross border and international strategies as well as online to offline marketing. With operations across the United States, Taiwan, and China, the fund can assist startups that require cross border operations but lack the resources to do so. The fund will also connect entrepreneurs with capital providers across the globe when they are ready for the next round of financing.
“Ng has successfully built technology companies both in the United States and Asia, giving investors access to startups in new markets,” noted David Hirsch, co-founder and general partner of Metamorphic Ventures. “The Asia-Pacific region is experiencing exciting growth and as a result, we can expect more and more collaboration on technology and investments.”
One of OnRamp’s portfolio companies is SimplyBridal, a multi-channel bridal retailer. SimplyBridal uses proprietary advertising technology to acquire customers through online channels and funnels them to physical showrooms in the United States.
About OnRamp Fund
OnRamp Fund is an international incubator that invests in early stage startups. The OnRamp team works side-by-side with entrepreneurs to accelerate their growth. For more information, visit www.onrampfund.com.
About Lawrence C. Ng
Lawrence C. Ng is an entrepreneur, leading LNG Management, an asset management firm focusing on global opportunities in commercial real estate, private and public markets and venture capital. He is CEO of Simply Bridal, an innovative, multi-channel retailer. Ng recently joined Metamorphic Ventures Advisory Board which helps entrepreneurs accelerate new businesses.
From 2008 to 2015, Ng served as Chairman of the Board of Oversee.net, a company he co-founded in 2000 at the age of 21 and led as its Chief Executive Officer until 2008. He grew Oversee from an Internet start-up to a company with over $200 million in revenue and 200 employees throughout offices in Los Angeles, Florida, and Portland. Ng liquated his interest in Oversee when Oak Hill Capital invested $150 million in the company. He is the recipient of numerous awards for innovation and fast growth.