Houston-based Softeq Development Corp. has new investors as well as more early-stage companies for its accelerator program.
The software development company accepted 22 startups to the latest cohort of the Softeq Venture Studio, bringing the total number of startups in its portfolio to 49, Softeq said Oct. 4.
The 22 early-stage firms include companies in financial technology, e-commerce, med tech, sports tech, blockchain tech and other sectors:
- Adkaddy
- Allkind
- Atease
- Boxes
- Hapi
- HelloDoctor
- Hightag
- IncentiFind
- JamFeed
- Lesson Squad
- LVED
- Mesada
- Motusi
- MyShoots
- Pagaloop
- RESCUNOMICS
- sEATz
- SpecsX
- Struttur Sports
- Svarmi
- SynvergySvn
- WulfTech
These companies will take part in the three-month accelerator program at Fuse Workspace in CityCentre, near the Softeq corporate headquarters in the Energy Corridor. Startups receive $125,000 in cash and custom software development services from Softeq's engineers, as well as connections with local mentors and investors.
Meanwhile, Softeq continues to raise investor capital for the Softeq Venture Fund, which supports the Venture Studio's portfolio companies. In the Oct. 4 announcement, Softeq said the Venture Fund added Houston entrepreneur Craig Ceccanti as an investor. Ceccanti is co-founder of Houston-based Pinot's Palette, a popular drink-while-you-paint entertainment concept. He's also co-founder of Houston-based sEATz, an in-seat mobile ordering platform for stadiums.
"Joining the Softeq Venture Fund is an exciting opportunity because it provides a de-risked investment opportunity plus the ability to participate in a hands-on fashion in Houston within these high-growth industries," Ceccanti said.
In August, Softeq announced raising another $5 million from New Hampshire-based investors plus the creation of a satellite version of the Venture Studio to support early-stage companies in New Hampshire.
To-date, Softeq has raised over $25 million of the Softeq Venture Fund $40 million target, the firm said in the Oct. 4 announcement.
"This year has been a significant one for the Softeq Venture Fund and our portfolio companies," said Softeq founder and CEO Chris Howard. "We continue to attract world-class founders to Houston for our program that de-risks startups and investments."
Softeq is headquartered at 1155 Dairy Ashford Road and was founded in 1997.
