SSC VP, a newly formed accelerator and seed stage VC focused on investing in startups formed by Boston College students and alumni has had its first close of Fund I with goals of raising over $250,000 and announces investment in three companies as part of its annual accelerator program. The three companies are CompuCog, BusWays and Darkroom.Tech.
SSC Venture Partners is a newly formed accelerator and seed stage VC focused on investing in startups formed by Boston College students and alumni. The SSC VP was formed based on the principals of the Soaring Startup Circle (SSC), a 501©3 nonprofit, which donated money, office space, and mentorship services to fledging BC founded startups. The goal of the SSC was to bring entrepreneurship at BC to forefront of the local and national startup ecosystem. The SSC VP is the next stage in the evolution of that mission, which will now be able to write larger checks and take more active roles in its portfolio. The Fund will run both an annual summer accelerator as well as act as a year round seed stage investor.
In order to accomplish that mission, the SSC VP has formed Fund I, a $250k seed stage investment vehicle, of which more than half was raised in the first close. The funds LPs includes over a dozen high net worth and high profile Boston College Alumni. The firms GPs include Peter Bell’ 86, former Managing Partner at Highland Capital, Tom Coburn’ 13, CEO of Jebbit, Inc. and Miguel Galvez’ 12, CEO of NBD Nanotechnologies. Combined, the three partners bring years of experience in company formation, fundraising, and investing. Further, the firms GPs are all active in alumni organizations at BC. Bell cofounded the Boston Tech & Entrepreneurship Council in 2001 and is currently the Co-Chair of the West Coast Chapter, and Galvez is the Co-chair of the East Coast Chapter. Lastly, the fund has a number of Venture Partners that worked closely with the SSC and its companies.
The vision of SSC VP is to bring together a talented operator base combined with passionate investors nationwide with strong ties to the University to propel the next wave of BC alumni entrepreneurs. "The BC Alumni community was extremely helpful to both Miguel and I when we were getting our companies off the ground. We are honored to be able to team up with Peter and many of those alumni to bring even more support to the current group of BC students and alumni working hard to pursue their entrepreneurial dreams", said Coburn.
In addition to announcing the first close, SSC VP also announces investment in three companies as part of its annual accelerator program.
• CompuCog: CompuCog is a sports technology company that has developed a software platform called MentalRep to revolutionize how football teams practice. With our software, we make practice safer and more efficient by making it virtual. Unlike standard film, MentalRep allows a team to not only watch but actually practice their plays anywhere on a mobile device or desktop. It also gives the athlete real-time coaching feedback like a coach in your pocket. CompuCog was founded by Harris Williams ’14 and Ribhi El-Zaru ’18.
• BusWays: BusWays works to help schools rethink their transportation system. With BusWays parents can track the school bus and are notified when their children get on and off the bus. With the data gathered on the school bus BusWays allows school to optimize their bus routes and capacities. BusWays was founded by Pedro de Almeida ’20 and Fernando Nazario ’20.
• Darkroom.Tech: Darkroom.Tech is a socially driven online print marketplace made for photographers, by photographers, fundamentally reinventing the way photography is bought and sold. The platform has found a unique way to empower photographers to sell prints of their work by tearing down the financial barriers that stand in their way today. Darkroom.Tech was founded by Theodore Chapman ’17 and Anders Bill ’17.