South Loop Ventures, a new Houston-based venture capital firm, has launched its $21 million Fund I, aiming to support seed and pre-seed companies with a target check size of $400,000. The firm is anchored by Rice Management Company and Chevron Technology Ventures, with an emphasis on investing in founders of color to reflect the city's diversity. Their strategy includes investing in sectors like healthcare and energy. Founder Zach Ellis is dedicated to accessible venture capital for underrepresented teams and sees unique opportunities for returns through these diverse backgrounds.
We thought it was important to have a fund focused on diverse founders here in Houston, given Houston's diversity.
We strongly believe that venture capital should be accessible to everyone and that underinvested and diverse teams offer a unique opportunity for significant returns.
I've always been a very mission-driven person, so after serving seven years active duty in the Navy, I transitioned to the corporate sector.
I was like, 'I can't believe we get paid to do this,' after learning to use technology in a way that helps people.
Collection
[
|
...
]