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RIT Venture Fund I, LLC

RIT Venture Fund I, LLC

  • Rochester, New York, United States

  • Rochester, New York

Stage

  • Early Stage

Type

  • Venture Capital

Description

RIT Venture Fund provides investment capital to entrepreneurial ventures with a strong connection to the RIT community.

Mission

We shape the future and improve the world through creativity and innovation.

Beauty Investments #

  • 1

Primary Sector

  • Information Tech, Manufacturing, Health Care, Cosmetics

Beauty Exits #

  • 0

Last Beauty Invest

  • May, 2018-Susteau-$475K(Total Round)

BEAUTY PORTFOLIO

How to Apply?

Contact Here:https://www.rit.edu/venturefund/contact-us

Criteria

Investment Criteria:
RIT Venture Fund seeks high-growth oriented companies that have a meaningful connection to the RIT Community, including: alumni, faculty, staff, students, and RIT Venture Creations client companies.

Leadership Team;
The founders and/or management team should demonstrate a true passion for disruptive innovation.

Market Opportunity:
The product or service should address a sufficiently large (and realistic) market.

Value Proposition
The product or service should demonstrate a meaningful improvement over competing technologies.

Competitive Advantages:
The company must be able to demonstrate a sustainable competitive advantage that cannot be easily duplicated by competitors.

Technology Readniess:
The product or service must be beyond the prototype stage.

Investment Potential:
The founders must have a realistic expectation of the company’s valuation.

Resources Breakdown Funding Terms
  • $475K To $1.5M

Education
  • No
Accelerator
  • Type-No
  • Duration-No
Network
  • 10
1:1
  • Yes

IMPERATIVE: CULTURE & VALUES

TBD

TBD

TBD

TBD

TBD

TBD

BEAUTY FUNDER FIT SCORE

Resources

Education

Accelerator

Network

1:1

1.95/10

*This score calculates the likelihood of any beauty brand getting funded by the investor. The score gives weights to number of beauty investments, recency of beauty investment, number of beauty exits, inclusivity inclination, resources offered, etc.

Inclusivity Investments %
  • 20.00%
Beauty Investments #
  • 1

Beauty Exits #
  • 0
Last Beauty Invest
  • May, 2018-Susteau-$475K(Total Round)

LEAD DETAILS

Lead Contact

Kareem Hayes

Title

Associate Director

Twitter Handle

RIT Venture Fund I, LLC

Contact

communications@saunders.rit.edu

1(585)475-5585

JUMP CONCLUSION

RIT Venture Fund I, LLC invests in early-stage tech companies, particularly in tech with a preference for New York-based firms, especially in Rochester.

Casual Beauty Funder Fit

Layer 1