The company focuses on investing in artificial intelligence, IoT, e-commerce, and mobile applications, and is managed by a network of successful operators and executives. Founded in 2010 and based in Chestnut Ridge, New York, Channel Mark Ventures specializes in seed and early-stage investments in information technology, internet and consumer, healthcare information, big data, and clean energy sectors. Portfolio Ventures is a similar venture capital firm that provides seed and early-stage capital for start-ups and entrepreneurs in the technology industry.