Thursday, March 14, 2024

PS27 has a venture fund for startup entrepreneurs


You are probably familiar with "Shark Tank," the TV show where budding entrepreneurs pitch their business plans to a panel of rich folks hoping one of them will be their investment partner.  

PS27 Ventures is built on a similar idea. It's also a potential funding resource for startups but without all the celebrity glitz.

PS27 Ventures is based in Jacksonville, FL, the home of company founder Jim Stallings. A former Marine Corps captain, Stallings worked for General Electric and IBM where he managed the company's Linux software business and its intellectual property division.  

Like the TV show, Stallings and his crew interview early-stage entrepreneurs who are looking for venture capital to launch or grow their businesses. They can request an opportunity to tell their story by filling out an application form on the PS27 website.

The site lists more than 15 client companies in areas such a e-commerce, financial technology and food services, many of them with minority, veteran and female founders. Examples include 

Smartbox, a healthy snack subscription service, Ryze, which makes mushroom blended coffees, Payall, which has a platform for cross-border payments and international money transfers, and  NotedSource, which matches businesses with academic researchers. 

PS27 is also exploring potential partnerships with young Florida-based businesses in the B2B, clean energy and SaaS arenas. One example is Sensatek Propulsion Technologies in Daytona Beach, a company that develops sensors for high-temperature applications in energy, aviation and aerospace industries. Others include Miami-based JourneyTrack, a customer-mapping developer, and Keyno in St. Augustine, that has fraud-prevention solutions for the fintech industry.

For a closer look at PS27 Ventures, visit the company's website or connect on LinkedIn, Instagram, TikTok or X



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Follow me on Twitter @ricmanning and read my technology columns at My Well Being.


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