Softeq Development Corporation, a Houston-based global full-stack development company serving Fortune 500 companies, launched a $40m venture fund.
The Softeq Venture Fund will support the growth of early-stage technology startups and will power the Softeq Venture Studio, an accelerator program that de-risks investments by combining engineering with startup formation services to help founders build real, scalable, and investable technologies.
The new fund will further expand Houston’s global influence in the tech sector and support high-potential startups seeking capital and enterprise-focused development resources. The fund has already received an investment from Jumana Capital, a single-family office also based in Houston.
More than half the fund will be deployed through the Softeq Venture Studio to help early-stage startups architect and build their technology for scale while shoring up their product-market fit, business affairs, go-to-market strategies, and investor pitches. The balance of the fund will be held to invest in the Seed or Series A rounds of Studio companies or to invest opportunistically.