The fund is called M7 Tech Partners, a nod to Melo’s number seven New York Knicks jersey, and partners the NBA All-Star with former NBC executive vice president Stuart Goldfarb. From Lora Kolodny‘s Wall Street Journal item:
Along with the announcement about their seed fund formation, M7 Tech Partners revealed that it has made an investment in Hullabalu Inc. The New York startup, founded by Suzanne Xie, creates kids’ story apps for the iPad, according to a press statement.
Other investors in Hullabalu include SV Angel, Gary Vaynerchuk, Gokul Rajaram and Alexis Ohanian, the co-founder of Reddit.