Softeq Development Corporation (Softeq), a Houston-based global hardware and software services development company serving Fortune 500 companies, has secured an additional commitment of $5 million to the Softeq Venture Fund from a new group of venture capital investors in New Hampshire, and created a new satellite venture studio.
Softeq Development Corporation (Softeq), a Houston-based global hardware and software services development company serving Fortune 500 companies, has secured an additional commitment of $5 million to the Softeq Venture Fund from a new group of venture capital investors in New Hampshire, and created a new satellite venture studio.
Through this partnership, the group aims to stimulate early-stage innovation in the region to help cultivate a successful startup community, create jobs, and diversify the economy in New Hampshire and beyond. The incoming group has formed Launch New Hampshire, LLC (Launch NH), which will leverage the Softeq Venture Studio platform to back qualified startups from within and outside New Hampshire.
The Softeq Venture Studio is an accelerator programme that de-risks investments by combining engineering with startup formation services to help founders build real, scalable, and investable technologies. The programme provides mentors, resources, and workspaces to enhance visibility and help founders connect with the investment community.
With the new $5 million commitment, the Softeq Venture Fund has raised over $25 million, surpassing the halfway mark of the fund’s $40 million goal. Through the partnership, Softeq will invest in up to 12 qualified startups giving preference to New Hampshire companies and providing them with unprecedented expertise and support through the company’s accelerator programme.
The Softeq Venture Studio has invested in 27 startups from across the globe since it launched in 2021. In addition, three companies have raised significant additional funding to achieve their goals. Over the next three years, Softeq plans to invest in 120 companies, or 40 each year, including a preference for 12 via Launch NH. This programme is the first of its kind in New Hampshire and allows local investors to de-risk their investments.
