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Slater Technology Fund is an evergreen not-for-profit seed fund established in Rhode Island. Founded to bolster new venture development in the region, the fund primarily targets early-stage technology startups that exhibit high-growth potential. The fund's mission is to support local entrepreneurs and foster innovation within the state.
Currently, Slater Technology Fund manages a total of $36 million in assets under management (AUM). The fund has invested approximately $35.7 million across its portfolio companies and has facilitated an impressive $690 million in follow-on funding. This financial backing underscores the fund's commitment to nurturing local startups and contributing to the economic landscape of Rhode Island.
Slater Technology Fund concentrates on seed- and early-stage investments in technology ventures, specifically within the sectors of software, energy, and life sciences. The fund seeks transformative technologies that address significant global challenges, emphasizing the importance of local company development. This focus aligns with their goal of fostering innovation that can have a meaningful impact on both the local and global stage.
The fund typically invests in companies that demonstrate high-growth potential and are committed to building their operations in Rhode Island. Slater Technology Fund's investment strategy includes a preference for ventures that not only aim for financial success but also contribute positively to the community and economy.
Slater Technology Fund has invested a total of $35.7 million in various technology ventures, facilitating follow-on funding of $690 million for its portfolio companies. While specific notable companies or case studies were not detailed in the provided content, the fund's investment strategy focuses on early-stage technology startups that show promise in the software, energy, and life sciences sectors.
The fund's portfolio reflects its commitment to supporting local entrepreneurs and fostering innovation in Rhode Island. By investing in these sectors, Slater Technology Fund aims to drive economic growth and create job opportunities within the region.
Thorne Sparkman - Managing Director. Thorne has extensive experience in venture capital and has been instrumental in guiding the fund's investment strategy. His background includes working with various technology startups and leading significant funding rounds.
Bob Chatham - Director. Bob brings a wealth of knowledge in early-stage investments and has played a key role in identifying promising ventures for the fund. His expertise spans multiple sectors, including software and energy.
To pitch Slater Technology Fund, founders should visit their contact page at slaterfund.com/contact. It is recommended to include a detailed pitch deck that outlines the business model, market opportunity, and team background. Response times may vary, so founders should be prepared for potential follow-up discussions.
What are the investment criteria for Slater Technology Fund?
Slater Technology Fund invests in seed- and early-stage technology ventures, particularly in the sectors of software, energy, and life sciences. The fund looks for companies that demonstrate high-growth potential and address significant global challenges.
How can I apply or pitch to Slater Technology Fund?
Founders can apply for funding by visiting the Slater Technology Fund's contact page at slaterfund.com/contact. It is advisable to provide a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Slater Technology Fund different from other investors?
Slater Technology Fund is unique in its commitment to local company development in Rhode Island. The fund emphasizes transformative technologies that not only aim for financial success but also contribute positively to the local economy.
What is the geographic scope of Slater Technology Fund?
The fund primarily focuses on investments within the United States, with a strong emphasis on supporting startups based in Rhode Island.
What is the typical check size for investments?
While specific check sizes are not detailed, Slater Technology Fund invests in seed- and early-stage ventures, which typically involve smaller initial investments compared to later-stage funding.
What kind of post-investment involvement does Slater Technology Fund have?
Slater Technology Fund actively supports its portfolio companies through mentorship and guidance, helping them navigate the challenges of early-stage growth and development.
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