THE EARLY-STAGE FUND COULD INVEST IN 100 TO 150 COMPANIES
Dallas entrepreneur Alexander Muse has launched Sumo Ventures, a new early-stage investment fund starting at $10 million. Sumo Ventures is expected to invest in 100 to 150 companies, spanning a variety of industries and geographic regions.
This comes after the recent sale of Dallas-based technology service company Architel to Houston-based Centre Technologies. Co-founded in 2001 with CEO Scott Ryan, the partners also sold shopping mobile app ShopSavvy to Purch last year.
Sumo Ventures is a reference to Muse’s 2007 startup, Big in Japan, which invested or incubated companies including SimpleTicket, Whitebox, Fancast, MotorSport Ranch TV, and Techstars Ventures.
“I spent a lot of time thinking about what would come next,” Muse said.
Sumo Ventures is a family affair for Muse. His father Ralph Muse will serve as a venture partner, and sister Caroline Branch as entrepreneur in residence. The fund will operate out of The Dallas Entrepreneur Center coworking space.
D CEO has more on the serial entrepreneur.
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