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Geekdom Fund is a venture capital organization founded in 2014 and based in San Antonio, Texas. The fund is part of the Geekdom tech community ecosystem, which aims to connect local entrepreneurs with institutional capital. This connection fosters innovation and growth in the region and beyond. Geekdom Fund focuses on early-stage technology startups, particularly in the B2B sector, and has established itself as a key player in the San Antonio startup scene.
As of now, Geekdom Fund has raised a total of approximately $68 million across multiple funds. The firm operates with a high-engagement support model, which includes weekly calls and biannual reviews with portfolio companies. This operational support is designed to enhance the likelihood of portfolio companies successfully raising subsequent funding rounds. Geekdom Fund's notable milestones include its involvement in the growth of several successful startups in the B2B technology space.
Geekdom Fund primarily invests in seed and pre-seed stage technology startups, with check sizes ranging from $50,000 to $500,000. The fund emphasizes investments in B2B software and technology sectors, particularly those that align with significant societal or technological shifts. Geekdom Fund is particularly interested in markets characterized by winner-take-all dynamics, where a few players dominate due to network effects and economies of scale.
The sectors of interest include robotics, exoskeletons, autonomous machines, and blockchain technologies. The fund's investment thesis revolves around connecting entrepreneurs with investors, focusing on innovative ideas that can lead to substantial market impact. Geekdom Fund seeks founders who demonstrate a strong vision and the ability to execute their ideas effectively.
Geekdom Fund has a diverse portfolio of notable companies, including:
In addition to these companies, Geekdom Fund has invested in other startups such as ampd, amplion, Aquifer, and Asymbl, further diversifying its portfolio in the technology sector.
Don Douglas: Managing Director at Geekdom Fund, Don has extensive experience in venture capital and entrepreneurship. He has played a pivotal role in guiding portfolio companies through their growth phases.
Michael Girdley: Managing Director, Michael brings a wealth of knowledge in technology investments and has been instrumental in identifying promising startups within the B2B sector.
Mike Troy: As a Managing Director, Mike focuses on operational support for portfolio companies, ensuring they have the resources needed to succeed.
Cole Wollak: Managing Director, Cole specializes in early-stage investments and has a keen eye for innovative technology solutions that align with Geekdom Fund's thesis.
To pitch Geekdom Fund, founders should seek a warm introduction, which is preferred for funding opportunities. When preparing a pitch deck, it is essential to include a clear overview of the business model, market opportunity, and how the startup aligns with Geekdom Fund's investment thesis. Founders can reach out via email at info@geekdomfund.com for inquiries.
Response times may vary, but founders should expect timely communication, especially if a warm introduction is made. The fund emphasizes the importance of building relationships with potential portfolio companies.
In November 2019, Geekdom Fund announced the closing of its third fund, Geekdom Fund III, which raised $44.2 million. This fund focuses on early-stage technology startups in the B2B sector, particularly in robotics and SaaS.
Geekdom Fund has also been active in supporting its portfolio companies, with reports indicating that their operational support model has made portfolio companies three times more likely to raise their next funding round compared to the industry average.
What are Geekdom Fund's investment criteria?
Geekdom Fund focuses on early-stage technology startups, particularly in the B2B sector. They invest primarily in seed and pre-seed stages, with check sizes ranging from $50,000 to $500,000. The fund looks for companies that align with significant societal or technological shifts, especially in sectors like robotics and blockchain.
How can I apply or pitch to Geekdom Fund?
Potential applicants are encouraged to seek a warm introduction to Geekdom Fund for funding opportunities. Interested founders can reach out via email at info@geekdomfund.com to initiate discussions.
What makes Geekdom Fund different from other investors?
Geekdom Fund prides itself on its high-engagement support model. They provide weekly calls, biannual deep-dive reviews, and assistance with pitch meetings, talent referrals, and grant writing. This operational support model claims to make portfolio companies three times more likely to raise their next round compared to the industry average.
What is the geographic scope of Geekdom Fund's investments?
Geekdom Fund primarily invests in early-stage technology startups located in the United States, with a particular focus on San Antonio and South Texas. They are also open to opportunities in Canada.
What is the typical follow-on investment behavior of Geekdom Fund?
Geekdom Fund actively supports its portfolio companies in raising follow-on investments. Their operationally supportive model and engagement with founders enhance the likelihood of successful subsequent funding rounds.
What is the fund size and how many funds has Geekdom Fund raised?
Geekdom Fund has raised a total of approximately $68 million across multiple funds since its inception in 2014. The fund sizes include Geekdom Fund I at $2.9 million, Geekdom Fund II at $6.6 million, and Geekdom Fund III at $44.2 million.
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