Colombia-focused early-stage technology investor Velum Ventures has announced the commencement of operations of its maiden fund, Velum Early Stage Fund I, and the completion of investments into three Colombia-based companies: CiudadDeMascotas.com and FloresYMas.co, e-commerce sites specializing in pet products and floral arrangements, respectively, and Cocina33.com, an e-learning platform for culinary arts and gastronomy. Financial details of the three transactions were not disclosed. Velum Early Stage Fund I has secured commitments totaling US$12 million from Medellín business innovation center Ruta N, development finance institution Multilateral Investment Fund (FOMIN), Fundación Sura and a group of private European investors.