Sweater, a Boulder, CO-based mobile-first platform that allows users to directly access to Venture Capital, closed a $2.3m pre-seed financing.
Backers included Motivate VC, MRTNZ Ventures, Bison Ventures, Spacestation Investments, and a group of angels.
The company intends to use the funds to further develop its platform and accelerate their go-to-market strategy.
Founded by Jesse Randall, Chad Lewkowski, and Matthew Klein, Sweater provides a venture investing platform that allows everyone to become investors in venture-backed startups.
In late November 2020, the company received a green light from the Securities and Exchange Commission to pursue their proposed fund structure.
Randall brings over 14 years of experience advising hundreds of technology companies in marketing, venture finance, and go-to-market strategy prior to his role as CEO of Sweater. Lewkowski, Sweater’s President, is a former VP at Citigroup and a co-founder of the fintech company Neat Capital. Klein is the executive chairman and former CEO of Backbone PLM, a venture- backed company based in Boulder. Other members of the Sweater team include former employees from companies like SoFi, Dow Jones, and Lucid Software.
The waitlist to access Sweater will open in early July 2021 with an expected public market launch in early 2022.