Seedfunders Launches the Seedfunders Opportunity Fund

St. Petersburg, FL, June 22, 2020 --(PR.com)-- Seedfunders, the early-stage investment firm
headquartered in St. Petersburg, Florida, believes Black entrepreneurs matter. To that end, Seedfunders
has announced the launch of the Seedfunders Opportunity Fund. The committed capital fund will make
pre-seed stage investments in Black-owned startups throughout the state. Research shows that
entrepreneurs of color often have uniquely positioned ideas for technology-driven businesses but cannot
raise the capital to get started in what is typically referred to as the “Friends and Family” round. The
mission of the Fund is to supply that capital.

Seedfunders has formed an Investment Management Board to oversee the Fund. Founding Partner, Irv
Cohen will lead the Board. Mr. Cohen’s extensive experience on Wall Street, as well as local successes as
co-founder of Florida Funders and Seedfunders, will assure that the Fund will implement proven
processes and techniques in selecting, evaluating, and mentoring Fund portfolio companies. Mr. Cohen is
also the local chair of Social Venture Partners, a global network with a stated vision to “support the social
change frontline leaders who are reimagining and transforming systems.” He is joined on the Opportunity
Fund Board by Seedfunders partners Geoff Keith, Ruth Ross, and George Lange along with local
community leaders.

Seedfunders Founder, Dave Chitester, said, “We have always been interested in investing in startups with
social value in addition to the economic potential. This Fund takes that a step further by making that part
of the selection and investment process. While we typically have required a Minimum Viable Product
(MVP) to consider an investment, the goal of the Opportunity Fund is to supply the capital to create that
MVP. Once that is accomplished, we will consider the potential for funding through the next cycle of the
investment process.”

The Seedfunders Opportunity Fund is open to all accredited investors. The minimum investment is
$5,000. For more information, contact Dave Chitester, Dave@Chitester.com. For information on
applying for funding, please contact Geoff Keith, Geoff.S.Keith@gmail.com.

About Seedfunders:
Seedfunders was founded by Dave Chitester and Irv Cohen in St Petersburg, Florida, in 2017, with a
mission to invest in pre-revenue technology companies throughout the state. In just over two years, the
company made 24 investments in a wide range of technology startups. It also launched Seedfunders
Orlando in 2019 as well as Seedfunders Miami this year. Collectively, there are now 44 partners in
Seedfunders organizations.

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Contact Information:
Seedfunders
Keara McGraw
727-564-4727
Contact via Email
www.seedfunders.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/815270

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