Geekdom Fund backs three tech startups in San Antonio
The Geekdom Fund has invested in three new startups in San Antonio. Nebulab Technologies, Lightphile, and Remote Garage each received $25,000 seed money from the fund, according to Silicon Hills.
Cole Wollak of Geekdom said the fund "seeks to enable these companies to build businesses around a problem worth solving and a market large enough for high growth potential with a team that can build a profitable business. The Geekdom Fund will make investments for which the expected social, economic and cultural impact from the investment being made will have a net positive gain on the broader startup community of San Antonio."
The fund, however, wants it investors to gain profit from the cash they have shelled out so the firm carefully evaluates the recipients of its support, the report added.
Both Nebulab and Lighphiles received the seed funding in February. According to Nebulab co-founder Guillermo Vela, the startup is creating a cloud-based app that will help scientists catalog their data visually. Lightphile, on the other hand, is developing an iPad-controlled lighting controller for concerts. Remote Garage, which received the seed capital in November, is running a storage service that picks up and delivers its customers' stuff on demand, Silicon Hills reported.