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South Loop Ventures closes $21M fund in Houston to build up local tech ecosystem

TechCrunch LogoTechCrunch14h ago

South Loop Ventures closes $21M fund in Houston to build up local tech ecosystem - TechCrunch

Quick Summary:

South Loop Ventures, a Houston-based venture firm, announced a $21 million Fund I, with Rice Management Company and Chevron Technology Ventures serving as anchor investors.  The firm, which launched in 2022, focuses on seed and pre-seed companies, with $400,000 as the average check size.

It also primarily hopes to focus on backing founders of color.

So, Ellis came down to Houston and birthed the idea for South Loop Ventures.

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Article Details

Author / Journalist: Dominic-Madori Davis

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 13:00:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 797 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 28874748

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