The Capital Factory raises nearly $3M, part of larger financing

Dec 22, 2014
Austin Business Journal

The Capital Factory, a downtown co-working space and incubator, has raised $2.7 million of a planned $9 million financing


The Austin-based venture collected the capital from 34 investors, according to a Friday filing with the U.S. Securities and Exchange Commission. The filing is an update to a November 2013 


filing in which the Capital Factory reported raising $550,000 of the financing


In October 2013, Managing Director Joshua Baer said Capital Factory planned to invest in early-stage tech companies to take a 2 percent stake


In February of this year, Austin-based Silverton Partners and California-based Floodgate Fund LP agreed to invest $25,000 apiece in startups backed by the Capital Factory. The deal was 


designed to provide each early-stage company with $150,000 in financing when mentors also invest an additional $25,000 apiece, Baer said at the time


This month, the Capital Factory revealed that it was expecting to syndicate with smaller angel investors to back up a projected 15 deals per year


The technology-centric Capital Factory was launched in 2009


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