Paul Singh (500 Startups and Disruption Corporation) has launched a new $50m fund.
Managed by Disruption, the Crystal Tech Fund just opened for business in Crystal City to identify and invest in early-stage, high-growth technology companies. I reached Paul to give me more details about the focus of the fund. He told me he has a personal preference for SMB/SaaS businesses but he has also invested in consumer, ed-tech and other verticals. In general, Singh is open to any vertical as long as he can understand the distribution and customer acquisition models.
In coming months, the fund plans to invest in more than a dozen post-seed stage companies with annual revenues average of $1m.
Portfolio companies already include:
– SupplyHog, an e-commerce platform for contractors, and
– Riskpulse, which offers asset maps and risk information to companies whose supply chains and/or logistics are weather-dependent.
Native Virginian Singh is an early partner of venture firm and startup accelerator 500 Startups in Silicon Valley and a recognized expert on tech investment and growth. At 500 Startups, he oversaw investments in more than 600 early-stage companies in 35 countries within four years.
FinSMEs
14/04/2014