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Guiding the development of future technologies and supporting entrepreneurs in med tech, sports tech, fin tech, and the eCommerce and Web 3.0 technologies that enable them
HOUSTON–(BUSINESS WIRE)– Softeq Development Corporation (Softeq), a Houston-based hardware and software development services company serving Fortune 500 companies, continues its growth following expansion earlier this year by welcoming 22 new startups through Softeq Venture Studio, the company’s accelerator program, bringing the total number of startups in the portfolio to 49. This group includes of entrepreneurs from many global locations as diverse as the United Kingdom, Iceland, Mexico, and Peru.
Additionally, the Softeq Venture Fund, which has also seen explosive growth this year from new investors across multiple categories including family offices, investment firms, and high-net-worth individuals , both inside and outside the United States, announces its newest Limited Partner. Houston serial entrepreneur Craig Ceccanti, co-founder of Pinot’s Palette and sEATz, is the latest investor to join the $40M Fund expected to close by the end of 2022.
“This year has been an important one for Softeq Venture Fund and our portfolio companies. Thanks to the hard work of our team and the success achieved by previous founders, we have seen our investors and our entrepreneurs flourish to be more global than ever, and with more ambitious plans to transform their industries. We continue to attract world-class sponsors to Houston for our program that de-risks startups and investments ,” said Christopher A. Howard, founder and CEO of Softeq.
Ahead of growing consumer demand for health and wellness, the H2 2022 cohort includes many entrepreneurs focused on med tech and sports tech along with others focusing on enabling technologies and tools. these industries will grow, including fin tech, eCommerce, and Web 3.0 applications.
“Investors are always looking for opportunities that balance opportunity and risk, and those that help us grow and maximize returns while maintaining a measure of stability and diversification,” said Craig Ceccanti. “Joining the Softeq Venture Fund is an exciting opportunity because it provides a de-risked investment opportunity and the ability to participate in a hands-on way in Houston within these industries that growth is high.”
As part of the latest effort, 22 new startups will receive support and mentorship throughout the three-month program from Softeq Venture Studio staff, Softeq engineers, local mentors, investors, and previous cohort members at FUSE Workspace in Houston, a co-working space.
“In our startup journey, we joined the leading technology accelerator Y Combinator. Later, we realized through the feedback of our users that we needed to improve our product with more technological expertise and support to reach the our full potential,” said Gerardo Briones, founder and CEO of startup Pagaloop in Mexico City. “That’s why we chose to join Softeq Venture Studio. Softeq engineers have experience in creating applications at the level of business on the rise. We also get many opportunities to meet investors to bring our product to the whole of Latin America.”
The latest news builds on earlier funding activity. In early August, Softeq announced an additional commitment of $5 million to the Softeq Venture Fund and the creation of a satellite venture studio from a new group of venture capital investors in New Hampshire. To date, the Softeq Venture Fund has raised more than $25 million, surpassing the halfway mark of the fund’s $40 million goal.
Softeq Venture Fund’s upcoming H2 2022 cohort includes the following companies:
- Adkaddy takes brands out of your email and into a powerful brand management tool. From discovery to promotions, shipping and receipts, it’s digital commerce your way.
- all benefiting reproductive health care around the world by transforming fertility matching, empowering personal goals and improving modern family building.
- atease where 133 million government and military employees with strict rental requirements find approved, affordable, and affordable housing options.
- Boxes provides convenient, space-efficient, highly scalable, sampling and trial vending technology for premium CPG companies seeking to reach customers where they shop and live.
- steps is a stock trading platform with no minimum and no commission focused on consumers in Latin America.
- HelloDoctor puts qualified, responsive, and affordable doctors on the screens of 89 million cell phones of Mexican patients. Health care is getting better in Latin America.
- Long tag is an automated media capture and delivery system that helps mountain bikers, skiers, and other action sports athletes capture and share their best moments.
- IncentiFind is the nation’s database of green building incentives, transforming US real estate through $70 billion in incentives.
- JamFeed aggregates artists’ social media and music streaming content into an automated no-code website where artists can control their brand, their business, and their relationship with fans on one platform in less than 5 minutes .
- Lesson Squad helps brands turn their customers into loyal users by creating a branded hub where customers can take lessons, enter contests, and discover products.
- LVED an easy-to-use expert-guided platform that provides everything families need to plan, organize, legally document end-of-life wishes, and memorialize loved ones.
- allowance is a digital remittance company that uses blockchain technology to offer fast, efficient, and easy money transfers throughout the Latin American region.
- Writing a full-body wearable with AI to generate deeper insights related to movement quality and injury insights to help athletes improve their performance or recovery.
- MyShoots an app for shooting sports organizations to connect and sell to their clients more efficiently, while allowing field-sports brands to connect with their customers.
- Pagaloop is a fintech company that allows businesses in Latin America to have more control over their cash flow when making B2B transactions.
- RESCUNOMICS offers a mobile app that helps save lives by speeding up rescuer protocols and providing visibility into building floor plans and more.
- sat connects fans to concessions and merchandise for in-seat delivery or pick-up reducing concession lines, increasing throughput, increasing sales, and driving fan satisfaction.
- SpecsX is the transforming eye care into a virtual care model that reduces costs, inconvenience for patients and providers, and gives everyone access to perfect vision.
- Sports Structure is an NFT platform where athletes share their experiences by connecting and combining digital and In Real Life events to create the deep interaction that sports fans dream of.
- to swallow a digital platform that defines and prioritizes areas where business and development influence the environment providing meaningful, meaningful metrics and proof of regulatory compliance.
- SynvergySvn digitized athletes’ movements with integrated wearables like the J-Sleeve so players, coaches, and trainers can assess muscle memory and improve repetitive performance.
- WulfTech protects and preserves the health of high-value K9 working dogs through smart wearable technology for government agencies, the military, and first responders.
To learn more about Softeq Venture Studio and submit an application for the upcoming H1 2023 cohort, visit www.softeq.com/venture-studio.
About Softeq Development Corporation
Founded in 1997 in Houston, Texas, Softeq Development Corporation provides early stage innovation, technology business consulting, and technical solutions to enterprise companies and startups. The firm’s clients are often disrupting existing industries or undergoing digital transformation—an endeavor that requires a broad range of business and technical expertise. Softeq offers a full spectrum of consulting services including full-stack software, firmware, and hardware engineering services all under one roof and delivered by 400+ employees worldwide. The company is headquartered in Houston, Texas, and maintains sales and delivery offices in Los Angeles, London, and Munich, Germany. The company’s development centers are based in Vilnius, Lithuania, and Monterrey, Mexico. Softeq bridges technology gaps in knowledge-intensive projects and builds end-to-end solutions for connected devices and IT systems from the ground up. To help clients transition from analog to digital, the company provides expertise in a variety of emerging technologies, including the Internet of Things, Artificial Intelligence and Machine Learning, Industrial Automation, Robotics, Blockchain, and AR/VR. Softeq enterprise customers include AMD, Disney, Epson, Intel, Lenovo, Microsoft, NVIDIA, Verifone, and Verizon. Startups include Arrival, Halo sa PAWS, GetScouted, Home Outside, Medly Theraputics, Vela Bikes, and more.
In 2020, the company launched the Softeq Innovation Lab to provide an environment where corporate intrapreneurs and notable innovators from Houston and beyond can collaborate, create tomorrow’s technologies, and accelerate the commercialization of idea. In 2021, Softeq Venture Studio was created to help early-stage startups build their products and get follow-on funding. The Softeq Venture Fund was launched in 2022 to provide capital to the Venture Studio and make subsequent investments in leading portfolio companies. Learn more at softeq.com.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20221004005851/en/
Bradlee Borgfeldt
[email protected]
Source: Softeq Development Corporation