Softeq Venture Studio Welcomes New Cohort of 14 Startups, Bringing Total Venture Fund Portfolio of Startups to 63
Softeq Development Corporation (Softeq), a Houston-based global hardware and software services development company serving Fortune 500 companies, today announced the continued success of its Softeq Venture Studio by welcoming 14 new startups to the three-month accelerator program this month. With the addition of this cohort class, the total number of startups supported by the Venture Fund and Studio has increased to 63. Entrepreneurs from Israel and several states in the United States are helping to bring innovation and ambitious ideas to a variety of industries, including education technology, medical technology, and sports technology, among others.
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Softeq Venture Studio H1 2023 Cohort (Photo: Business Wire)
"We are so proud of the success we have had with the Softeq Venture Studio, helping to support and secure funding for 63 startups to date through the Softeq Venture Fund. With 23 of 89 founders coming from outside of the U.S., we demonstrate Houston's growing influence as a startup hub where entrepreneurs can find a welcoming innovation community, a strong talent base, and world-class research facilities," said Christopher A. Howard, founder and CEO of Softeq.
Since the start of the Softeq Venture Studio 16 months ago, Softeq has raised 80 percent of its inaugural $40 million Softeq Venture Fund, invested in 63 startups, and executed dozens of demo days for investors and leaders in the Houston tech community and beyond. Of the 63 startups, 47 percent have at least one founder of color and 25 percent have at least one female founder, further emphasizing the Fund and Studio's commitment to diversity, equity, and inclusion in the tech space. Additionally, the company has reformatted the accelerator program to include two cohort classes per year, allowing the Venture Studio team to support more startups for a longer period of time.
The upcoming cohort of the Softeq Venture Fund includes the following companies:
AIM7 (https://www.aim7.com/); Houston, TX
Avendly (https://www.avendly.com/); Providence, RI
ClioVis (https://cliovis.com/); Austin, TX
Flometrica (https://www.flometrica.co.il/about/); Tel Aviv, Israel
Gophr (https://www.gophrapp.com/); Lake Charles, LA
KarChing (https://www.karching.com/); Chicago, IL
Meander (https://www.meander.travel/); Houston, TX
MEedia (https://MEediaTechnologies.com); Sacramento, CA
MeterLeader (https://www.meterleader.com/); Huntington Beach, CA
PayOnDelivery (https://www.payondelivery.com/); Houston, TX
Picasso Analytics (https://www.picassoanalytics.com/); Lake Charles, LA
Toivoa (www.toivoa.us); Sarasota, FL
UpBrainery Technologies (www.upbrainery.com); Houston, TX
WellWorth (https://wellworthapp.com/); Houston, TX
To learn more about the Softeq Venture Studio and submit an application for the next cohort in H2 2023, visit www.softeq.com/venture-studio.
About Softeq Development Corporation
Founded in 1997 in Houston, Texas, Softeq Development Corporation provides early-stage innovation, technology business consulting, and technical solutions to enterprise companies and innovative startups. The company's clients are often disrupting existing industries or going through digital transformation-an effort that requires a broad range of business and technical skills. Softeq offers a full spectrum of consulting services plus full-stack software, firmware, and hardware engineering services all under one roof and delivered by 400+ employees globally. The company is headquartered in Houston, Texas, and maintains sales and delivery offices in Los Angeles, London, and Munich, Germany. The company's development centers are based in Vilnius, Lithuania, and Monterrey, Mexico. Softeq bridges technology gaps in knowledge-intensive projects and builds end-to-end solutions for connected devices and IT systems from the ground up. To help clients transition from analog to digital, the company provides expertise in various trending technologies, including the Internet of Things, Artificial Intelligence and Machine Learning, Industrial Automation, Robotics, Blockchain, and AR/VR. Softeq customers include Verizon, Epson, Microsoft, Lenovo, AMD, Disney, Intel, NVIDIA, Arrival, Halo by PAWS, and others.
In 2020, the company launched the Softeq Innovation Lab to provide an environment where corporate intrapreneurs and preeminent innovators from Houston and beyond can collaborate, create the technologies of tomorrow, and expedite the commercialization of ideas. In 2021, the Softeq Venture Studio was created to help early-stage startups build their products and get follow-on funding. The Softeq Venture Fund was launched in 2022 to provide capital to the Venture Studio and make follow-on investments in the top portfolio companies. Learn more at softeq.com.
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