Innovation Hub
Seraph Hub
Fuel Fund
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:
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
Stage:
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.
Geography:
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 informationInnovation Hub at Research Park
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Address
3911 4th Street, Lubbock, Texas 79415 -
Phone
806-742-0024 -
Email
researchpark@ttu.edu