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This summer has brought plenty of exciting news for Galvanize: an $18 million funding round, the opening of its Fort Collins campus, the announcement of plans to open a LoDo campus and the expansion its San Francisco one show that Galvanize isn't slowing down its growth anytime soon. But this summer is also bringing a whole new venture for the Denver-based educational and entrepreneurial hub: a $10 million venture fund.
The Galvanize Venture Fund has already funded about 12 companies across the country, including startups in Denver, San Francisco, Seattle and New York. In total, Galvanize Venture Fund will participate in between $350,000 to $3 million seed rounds for 30 to 50 early-stage companies. The investments already made primarily sprouted from relationships already formed between entrepreneurs and the ever-growing Galvanize team.
“Our team of over 30 people interacts with entrepreneurs across the country, so it’s a perfectly natural extension of what we already do,” managing director Chris Onan said.
It makes perfect sense to fund the entrepreneurs that Galvanize has gotten to know via its coworking space, its gSchool courses or the dozen tech events at each campus every week. Like Onan said, the Galvanize team is extremely easy to get to know.
“We want to create campuses where people can learn,” Onan said. “We welcome all kinds of entrepreneurs - whether they want to be meet with experts or they want to become a software developer at gSchool.”
In fact the team finds itself interacting with some of the same companies in its Denver office and its San Francisco office because many Colorado companies have marketing or dev teams there.
“What’s fascinating about the tech world, is that it’s more connected than anyone realizes,” Onan said.
