SEED Venture Finance manages SEED Ventures
LP, a $20 million SBIC focused on investments in small and medium sized
businesses in Southeastern Massachusetts and Rhode Island.
As an SBIC, SEED invests in companies that meet the SBA's definition of small businesses:
- Net worth of $18 million or less
- An average net income in the last two years of $7.5 million or less
SEED Venture Finance invests in companies
with solid management, proven products and services and strong growth
potential. SEED typically invests between $250,000 and $1.25 million in
the form of subordinated debt with warrants. In certain situations,
SEED will consider other investment structures including, equity,
senior debt and royalty-based financing. SEED has relationships with
other investors that allow it to accommodate larger transactions.
While SEED Venture Finance does not hold
control positions, we do typically participate on the Board of
Directors (either as a Director or an Observer) of each portfolio
company and become an active partner with management. SEED
professionals can apply a wealth of financial, management and
investment experience in order to maximize the success of the
businesses in which we invest. The Fund leverages this expertise and
experience to ensure that portfolio companies achieve their growth
objectives. SEED invests primarily in companies located
in Southeastern Massachusetts and Rhode Island, but will consider
opportunities in other regions based on merit.
SEED Venture Finance is affiliated with South Eastern Economic
Development (SEED) Corporation. SEED Corporation, is a non-profit, SBA
certified corporation set up in 1982 to improve the economy of
southeastern Massachusetts by assisting small business to start-up,
expand and create new jobs.
SEED Corp.'s financing programs
are designed to work in conjunction with banks located within SEED
Corp.'s geographic region, which includes Barnstable, Bristol, Dukes,
Nantucket, Norfolk and Plymouth counties.
SEED Corp.'s role is
twofold: 1) to assist and support small businesses in their start-up
phase in order to help prepare them for traditional bank financing, and
2) to promote the growth and expansion of existing businesses by
working with banks and the Small Business Administration to provide the
best possible financing package.
SEED Corp. has 250 members and
30 directors. SEED Corp.'s members include representatives from
community and business organizations, economic development agencies,
local officials, banks, and small businesses.