Router Ventures is a micro VC started by Jeff Slobotski with a focus on midwest tech companies – though not limited to – with eight portfolio investments to date.
With a starting check size of $50K – $75K, Higgins says that Router is geared towards follow-on investments in early stage tech companies raising their first round of investment, commonly known as the seed stage.
“We’re looking for the next seed stage companies from Minnesota and the greater Midwest. Founders with passion who are committed to their cause looking for a value-add investor on their side.”
Router Ventures’ has previously participated in one round of one local company, which just so happens to be ilos, a venture Higgins himself cofounded in 2012. Earlier this year, he resigned from operations there and joined the Techstars team in Minneapolis as an Entrepreneur in Residence with the Target Accelerator.
His intention is to maintain involvement with both programs going forward, along the lines of peers Brett Brohl (The Syndicate Fund + Farm to Fork Accelerator) and Ryan Broshar (Matchstick Ventures + Techstars – Target Accelerator).
“I’m excited to do for other startups what Router did for us,” Higgins concludes, alluding to the positive relationship they developed working together while at Ilos.
To which Router Ventures’ Managing Partner Jeff Slobotski added, “I’m excited to have Sean’s support, knowledge and resources as we continue working to support the best emerging companies and entrepreneurs throughout the Midwest.”
Higgins’ connection to Router is the newest pipeline to be planted in Minnesota tech along the lines of what Mary Grove intends to do on behalf of Steve Case’s Revolution /Seed fund.