Texas Tech University

Innovation Hub

Seraph Hub
Fuel Fund

TRUNO logo, TRUNO delivers retailers and grocers secure, stable and integrated technology solutions using our grocery software, hardware, and information technology systems.
LAN logo, The Lubbock Angel Network (LAN) was formed in January 2015 as a means to provide seed and support capital for innovative start-ups in West Texas and beyond.
Lubbock Chamber of Commerce logo
U.S. Economic Development Administration logo
Seraph Group logo, an organization whose sole purpose is to connect investors.
Plains Cotton Growers logo, a non-profit cotton producer organization
LEDA logo
Plains Cotton Cooperative Association logo
The Innovation Hub at Texas Tech logo


The Seraph Hub Fuel Fund is an initiative supported by the nine organizations listed above who believe supporting opportunities to fund innovative startups is essential for the strength and prosperity of our local economy.

The Seraph Hub Fuel Fund invests in seed-stage companies in high-opportunity technology markets (with a focus on agriculture) that can attract follow-on capital, create high-growth companies primarily in West Texas, and generate strong financial returns. The Seraph Hub Fuel Fund plans to invest in 25-35 Ag-Tech startups, investments ranging from $100k-$250k.

Ag-Technology Areas:

Investment Areas


Key things considered by Seraph Hub Fuel Fund when evaluating investment opportunities:

Experienced leadership/teams that are passionate, curious, coachable, collaborative, and motivated.

Product-market fit and early revenue traction

Sustainable competitive advantages from patents, trade secrets, differentiated business models, etc.

Large addressable markets (ideally $100M+) that are experiencing rapid growth.

Capital efficient business models that require limited capital to commercialize solutions and achieve an exit and return on investment.

Deep understanding and a defendable clear path to exit


The Seraph Hub Fuel Fund invests in startups with a product that has a defined customer segment entry point with scalability and a proven business model strategy through sales traction.


West Texas is an area consisting of 71 out of 254 counties in the state of Texas, 1.53M in population spanning 67,000+ square miles. In an effort to support West Texas innovators and entrepreneurs while attracting deal flow to West Texas the primary focus is to fund local startups. The investment committee will conduct due diligence on each application that includes prioritization of those startups headquartered in West Texas.

- Approximately 50% of capital will go to local (West Texas) Ag-Tech companies

- Approximately 50% of capital will go to non-local Ag-Tech companies sourced through Seraph Group's national angel fund's network

For more information