D.C. startup incubator and co-working campus 1776 filed paperwork with the SEC to create a $25 million seed investment fund according to a report in the Washington Business Journal. The filing, issued in the name of "1776 Seed Investors, LP," would be part of a longer term plan by 1776 to start funding startups while it continues to incubate them at its D.C. headquarters.
The listing doesn't say if the money is actually in place yet or if the paperwork was filed ahead to shorten the wait to go live once the money is raised. Despite the D.C.-centered nature of 1776, the 1776 Seed Investors would actually be incorporated in Delaware technically. There's been no official word yet on any of these plans, but 1776 has plenty on its plate this week already thanks to the Challenge Cup startup competition.
