Founded in 1986, Edison Ventures focuses on expansion-stage, information technology companies, having invested in over 170 companies. Edison initially invests $5-$8 million, financing internal growth, management buyouts, acquisitions, corporate spinouts and secondary stock purchases. Edison targets growing companies with revenues of $5-$20 million in New York City, New Jersey, Pennsylvania, Delaware, Maryland, Massachusetts, Ohio, DC and Virginia. Edison's total investment ranges from $6-10 million.