Crowdfunded venture fund turns focus to Texas

Nov 14, 2014
Austin Business Journal

SeedInvest LLC, a national equity crowdfunding company, has planted its focus on Texas with a new crowdfunding platform that launches today

SeedInvest works with angel, venture capital and other investors to match them with startups. When it comes to choosing which startups to include on its platform, SeedInvest only accepts 2 percent that apply and those that it does select are carefully vetted to ensure they're relatively safe bets for investors

Marc Nathan, founder of Houston-based consulting firm T-Squared Agency, has been named the managing director for SeedInvest Texas

"The reason I joined these guys is because they have the highest chance of finding money for awesome Texas startups that I've seen in a long time," Nathan said

Whereas Kickstarter is popular with novice investors, SeedInvest has attracted the attention of major venture capital firms around the country

As part of its regional expansion, it will focus on all of Texas, from Austin to Zavalla, to bring investors and startups to the national crowdfunding platform, Nathan said

The state's efforts to open crowdfunding to both unaccredited and accredited investors will be something SeedInvest plans to capitalize on, he added

Houston-based Virtuix was one of SeedInvest's first successfully funded companies. It has also been featured on Shark Tank and was a popular project on Kickstarter

SeedInvest's regional push is a part of a larger effort to focus on growing startup regions around the country, said Nathan. There are similar efforts taking place in Los Angeles and Chicago

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