Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee




Posted October 2, 2020

BRENTWOOD-based Israel Rollins aims to make seed-stage venture investments via his emerging Rocket Propulsion Fund LP, which operates as a rolling-fund vehicle atop the AngelList Ventures platform.

The fund will focus on Seed-stage and selective Series A and pre-seed investments in fintech, insurtech, and digital-health verticals, fields in which Rollins has spent his career.

Fund I's current target is $15MM. Rollins said he models raising a minimum or baseline $1MM each successive quarter via via limited partners who subscribe.

The fund's model currently calls for writing first checks in the $50K-$250K range for the six to eight investments it makes each quarter.

He's focused on U.S.-based startups that have experienced operators and technical founders who can demonstrate early evidence of product-market fit, with revenue prospects backed-up by pilot agreements, purchase orders and the like. Candidates will have received less than $10MM in venture funding.

Read the rest here




Terms of Service Privacy Policy Site Map
Copyright @ 2021 Globalspeak, All Rights Reserved