HOUSTON–(Small business WIRE)–Feb 1, 2022–
Softeq Progress Corporation (Softeq), a Houston-primarily based worldwide whole-stack growth organization serving Fortune 500 providers, now introduced the launch of a $40 million venture fund to help the development of early-phase engineering startups. The Softeq Undertaking Fund will power the Softeq Venture Studio, a unique accelerator program that de-challenges investments by combining engineering with startup development companies to enable founders develop authentic, scalable, and investable technologies.
The new fund will further grow Houston’s international influence in the tech sector and aid higher-prospective startups in search of an infusion of capital and business-centered improvement means. The fund has now attracted a sizable financial investment from Jumana Cash, a solitary-family place of work also based mostly in Houston.
“The Softeq staff has properly engineered, made, and launched technological innovation remedies for business and early-phase organizations for 25 decades. In partnership with Softeq, we are thrilled to perform a function in the development of their new fund and to assist the entrepreneurs that come to Houston to develop cutting-edge systems and build businesses,” explained Chris Martin, Managing Director at Jumana Cash.
Extra than fifty percent the fund will be deployed as a result of the Softeq Enterprise Studio to support early-phase startups architect and develop their technology for scale although shoring up their products-industry healthy, business enterprise affairs, go-to-sector strategies, and investor pitches. The harmony of the fund will be held to make investments in the Seed or Sequence A rounds of Studio firms or to make investments opportunistically. Softeq has exceptional visibility into a lot of expansion possibilities owing to the company’s international shopper base and popularity as a major-tier know-how engineering source.
“For generations, the point out of Texas has been property to entire world-renowned tech companies who have considerably contributed to our regional achievements. As a nearby entrepreneur, advisor, and angel investor, it’s been my desire for a lot of years to generate a enterprise fund benefiting startups. I am proud to increase our assistance of the state’s early-phase tech group. Our investment decision fund is made to bring in tech visionaries from both within and exterior the condition and develop impressive principles in Houston,” extra Christopher A. Howard, Founder and CEO of Softeq.
To discover more about the Softeq Enterprise Studio and submit an software for the Spring 2022 cohort, pay a visit to www.softeq.com/undertaking-studio.
About Softeq Advancement Company
Founded in 1997 in Houston, Texas, Softeq Development Company provides early-phase innovation, technological know-how small business consulting, and technological alternatives to organization businesses and innovative startups. The company’s consumers are typically disrupting present industries or likely by means of digital transformation—an work that needs a broad variety of small business and complex techniques. Softeq offers a full spectrum of consulting companies furthermore comprehensive-stack software, firmware, and components engineering services all underneath one particular roof sent by 400+ workforce globally. The company is headquartered in Houston, Texas, and maintains revenue and delivery places of work in Los Angeles, London, and Munich, Germany. The company’s growth facilities are based in Minsk, Belarus, Vilnius, Lithuania, and Monterrey, Mexico. Softeq bridges know-how gaps in expertise-intensive projects and builds conclusion-to-finish solutions for linked units and IT techniques from the floor up. To assistance purchasers make the changeover from analog to electronic, the corporation offers knowledge in a variety of trending systems which include the World wide web of Points, Artificial Intelligence and Machine Learning, Industrial Automation, Robotics, Blockchain, and AR/VR. Softeq shoppers contain Verizon, Epson, Microsoft, Lenovo, AMD, Disney, Intel, NVIDIA, Arrival, Halo by PAWS, and other folks.
In 2020, the corporation released the Softeq Innovation Lab to present an natural environment exactly where corporate intrapreneurs and preeminent innovators from Houston and past can collaborate, build the technologies of tomorrow, and expedite the commercialization of strategies. In 2021, the Softeq Enterprise Studio was made to aid early-stage startups create their products and get abide by-on funding. Learn additional at softeq.com.
About Jumana Cash
Jumana Cash is a Houston, Texas based single-loved ones place of work that associates with administration teams and invests a long term money foundation in functioning corporations, undertaking funds, serious estate, and other community and personal opportunities. The agency leverages its operational capabilities, network of executives, portfolio businesses, and client funds base to guidance its investment partnerships.
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PUB: 02/01/2022 08:00 AM/DISC: 02/01/2022 08:02 AM
Copyright Small business Wire 2022.