HTDC Recommends $3 Million OMVC Hawaii Fund Commitment
Hawaii Technology Development Corporation | State of HawaiiState · Honolulu, HI- Disclosed value
- $3,000,000 capital commitment to the proposed $6,000,000 fund
- From report
- Document date
- Sep 4, 2025
The 30-second brief
HTDC recommended a $3 million capital commitment to OMVC Hawaii Fund I, LLC, a $6 million venture fund focused on Hawaii-based fintech, deep technology, and climate technology companies. The proposed fund has a five-year investment period and a 10-year life, with two one-year extension options, subject to private matching capital and SSBCI compliance.
Omvc Hawaii Fund I LLC holds this financial services contract with Hawaii Technology Development Corporation | State of Hawaii.
Term as filed: 5-year investment period; 10-year total fund life, extendable by two consecutive 1-year periods.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,000,000 capital commitment to the proposed $6,000,000 fund
- Document date
- September 4, 2025
- Term
- 5-year investment period; 10-year total fund life, extendable by two consecutive 1-year periods
- Vendor
- Omvc Hawaii Fund I LLC
- Source document
- Hawaii Technology Development Corporation Report Evaluation Committee Report OMVC Hawaii Fund I, LLC 2025-09-04 (Report)
Omvc Hawaii Fund I LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Hawaii Technology Development Corporation | State of Hawaii?
Omvc Hawaii Fund I LLC was awarded this financial services contract by Hawaii Technology Development Corporation | State of Hawaii, as recorded on September 4, 2025. The contract value is $3,000,000 capital commitment to the proposed $6,000,000 fund.
How much is the Omvc Hawaii Fund I LLC contract with Hawaii Technology Development Corporation | State of Hawaii worth?
The Omvc Hawaii Fund I LLC contract with Hawaii Technology Development Corporation | State of Hawaii is valued at $3,000,000 capital commitment to the proposed $6,000,000 fund, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Hawaii Technology Development Corporation Report Evaluation Committee Report OMVC Hawaii Fund I, LLC 2025-09-04 (Report), dated September 4, 2025 from Hawaii Technology Development Corporation | State of Hawaii. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Omvc Hawaii Fund I LLC hold?
Omvc Hawaii Fund I LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Hawaii Technology Development Corporation | State of Hawaii currently buying?
Explore Hawaii Technology Development Corporation | State of Hawaii's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.