Sweater, a Boulder, CO-based fintech company building a fully-managed venture capital fund that is open to everyday investors, raised $12M in Seed funding.
The round was co-led by Motivate VC and Akuna Capital, with participation from Jeffrey Cruttenden (Co-founder of Acorns), Eli Broverman (Co-founder of Betterment), Litquidity, MRTNZ Ventures, Bison Venture Partners, Spacestation, First Chair Ventures, Zilliqa Capital, Monsen Ventures, Nick Perez, Jeb Bush Jr., Ryan Holtzman, Aaron Wolko, as well as YouTube creators Peter Hollens, Andrei Jikh, Nate O’Brien, and Jake Tran, among other angels.
The company intends to use the funds to accelerate growth and expand operations.
Co-founded by Jesse Randall, Chad Lewkowski, and Matthew Klein, Sweater gives investors direct access to venture capital empowering everyone to become investors in the next generation of venture-backed startups and engage directly with businesses they believe in.
As a professionally managed fund, the team conducts due diligence and invests on behalf of retail investors, who Sweater will refer to as “Members.” They then share investment breakdowns and company stories through the app (launching soon), so members can see how their money is being put to work in startups.
FinSMEs
04/03/2022