Minneapolis’ Syndicate Fund Makes A Trio Of Initial Startup Investments

Categories

Minneapolis seed stage investor The Syndicate Fund (TSF) has announced the first three deals from their inaugural $1.2m fund.

Upsie – Minneapolis – $100k – Clarence Bethea – is a mobile app that’s disrupting the traditional warranty industry by reinventing and demystifying the warranty experience for customers.

Structural – St. Paul – $50k – Scott Burns – an employee success management platform to unleash the potential of people and teams.

 

X Mode – Virginia – $100k – Josh Anton – X-Mode helps solve for “x” by using real-time location solutions to power our partners in advertising, trading, market research, college safety, and nightlife.

 

 

TSF came out in May and is spearheaded by serial entrepreneur + investor Brett Brohl. 

The thesis involves investing $50k – $100k in pre-seed/seed stage tech companies located anywhere in the US, focused around applications in food, agrictulure, marketing, and retail. Brohl says startups “don’t have to revenue but need MVP in the market with some user validation,” and TSF is comfortable with terms such as SAFE, equity, and convertible notes.

 

As a fund, they are targeting roughly investments overall with a plan to have allocated their entire $1.2m into 10-15 more companies by this time next year.

RELATED

Brightstone Venture Capital Launches New Fund BVC2 Targeting $100m

Local Tech Vet Ryan Weber Launches Great North Labs Startup Incubator

Q&A With New Seed Stage VC Loup Ventures

Comments

  • https://AskAshleyK.com Ashley Kruempel

    Congrats, Looks great!! Seems I’ll be looking for a meeting pretty soon with Brett!

Sponsors