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Rockies Seed Fund is a venture capital fund located in Denver, Colorado, dedicated to investing in pre-seed and seed stage companies. Established as part of the Rockies Venture Fund, which has been operational since 1985, the fund has a specific mission to support Black and Latino led businesses. This focus aims to address the funding gap faced by founders from underinvested communities.
The fund currently manages a target fund size of $5 million and has invested in 15 portfolio companies. Rockies Seed Fund emphasizes its commitment to diversity and inclusion within the startup ecosystem, providing essential capital and resources to entrepreneurs who may otherwise struggle to secure funding. The firm operates from its office at 1415 Park Avenue West, Denver, CO 80205.
Rockies Seed Fund primarily invests in early-stage, venture-backable companies across various sectors, with a strong emphasis on life sciences, cleantech, and technology. The fund targets companies that demonstrate clear exit strategies, defensible competitive advantages, and market-rate valuations. This investment strategy is designed to identify startups that not only have innovative ideas but also the potential for significant growth and profitability.
In addition to its sector focus, Rockies Seed Fund is particularly interested in supporting founders from underrepresented backgrounds, specifically Black and Latino entrepreneurs. This commitment to diversity is a core aspect of their investment philosophy, as they believe that diverse teams lead to better decision-making and more successful outcomes.
Rockies Seed Fund has built a diverse portfolio of 15 companies, primarily in the medical technology sector. Notable portfolio companies include:
In addition to medical technology, the portfolio includes companies in other sectors:
Derrick Kelsey: Managing Partner with extensive experience in venture capital and entrepreneurship. He has a strong background in supporting diverse founders and has led numerous successful investments.
Peter Adams: Managing Partner known for his expertise in early-stage investing and business development. He has a track record of guiding startups through their growth phases.
Kevin Kudra: General Partner with a focus on technology and life sciences investments. He has previously worked with several successful startups and brings valuable insights to the fund.
Nationwide Network: Venture Partners who provide additional support and expertise across various sectors, enhancing the fund's investment capabilities.
To pitch Rockies Seed Fund, founders should submit their applications through the online portal available at this link. The pitch deck should include key information about the business model, market opportunity, and team. Response times may vary, but founders can expect to hear back within a few weeks.
As of October 2023, Rockies Seed Fund continues to expand its portfolio, focusing on investments in pre-seed and seed stage companies. The fund remains committed to supporting Black and Latino led businesses, addressing the funding gap in the venture capital space.
Recent investments include several medical technology companies, reinforcing the fund's emphasis on life sciences and healthcare innovation. The firm actively seeks new opportunities to partner with diverse entrepreneurs across North America.
What are the investment criteria for Rockies Seed Fund?
Rockies Seed Fund invests in early-stage, venture-backable companies, particularly those led by Black and Latino entrepreneurs. The fund looks for businesses with clear exit strategies, defensible competitive advantages, and market-rate valuations.
How can I apply or pitch to Rockies Seed Fund?
Founders can apply for investment through the Rockies Seed Fund website at this link. The application process typically involves submitting a pitch deck and relevant business information.
What makes Rockies Seed Fund different from other venture capital firms?
The fund specifically targets underrepresented founders, focusing on Black and Latino led businesses. This commitment to diversity sets it apart in the venture capital landscape.
What is the geographic scope of Rockies Seed Fund?
Rockies Seed Fund primarily invests in companies located in North America, with a strong emphasis on the United States.
What is the typical check size for investments?
While specific check sizes are not disclosed, Rockies Seed Fund focuses on pre-seed and seed stage investments, which typically range from $100,000 to $500,000.
What kind of post-investment involvement can founders expect?
Rockies Seed Fund provides operational support and mentorship to its portfolio companies, helping them navigate the challenges of early-stage growth.
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