Thursday, February 10, 2022

SoCal Venture Pipeline Program Looks Towards Seed Deals

The SoCal Venture Pipeline program, run by the nonprofit Alliance for SoCal Innovation and backed by Silicon Valley Bank, says it is expanding its program beyond Series A funding rounds, to "seed-ready" companies. According to the Alliance, it will now include seed stage startups raising more than $1M in institutional capital to the program. The Alliance said the expansion comes as a result of the increase in size of average early stage investments, the increase in overall dollars invested at the early stage, and the move of later stage investors into early stage investment. The program is aimed at connecting startups to investors. The Alliance launched the program back in September of 2021.