St. Petersburg, Fla.-based investment firm SeedFunders is launching a $5m fund for early stage companies.
Designed to minimize risk associated with early stage investing, using a thorough five-step vetting process before backing a company, the Catalyst Fund will facilitate 30-50 investments of $100-500K each in early stage technology companies.
Led by Irv Cohen, partner, SeedFunders shares the risk, investing alongside the Catalyst Fund with 40/60 funding model. To increase the likelihood of success, partners of the firm take an active role in growing each company as hands-on board members bringing their expertise and network to the mix.
The fund is led by Joe Hamilton, Director.