More funding for Philly college startups: Meet Contrary Capital - Technical.ly Philly

Business

Sep. 19, 2017 9:34 am

More funding for Philly college startups: Meet Contrary Capital

The firm, launched by Princeton-based Eric Tarczinsky, is looking to drop investments in the $50,000 to $200,000 range.

The young fund has boots on the ground in 55 institutions across the country.

(Courtesy image)

Though startups from the Penn ecosystem already have a healthy supply of capital to go around, here’s a new national fund that looks to fund startups out of the Ivy League institution: newly-launched Contrary Capital.

The fund has student investors perched at 55 colleges across the country. In Philly, it’s starting out with two investors at Penn: Julia Taitz and Sanjula Weerawardhena. They’ll be responsible for the Philly area, which means they’ll also be on the lookout for startups from TempleDrexel and beyond.

Princeton, N.J.-based founder Eric Tarczinsky told Technical.ly that while the fund is still being locked down, Contrary Capital is expected to deploy 30 to 35 investments in the $50,000 to $200,000 range over the next two years.

Tarczinsky, who prides himself on being frugal, told Forbes the fund came together after a country-wide road trip that took him to dozens of college campuses.

“We’re investing in deals that your typical venture fund isn’t doing,” Tarczinsky, 25, claims. “They’re almost viewed as a seed investment.”

Contrary Capital, the founder says, is aiming for a gap left behind by other venture firms in the academic space, and hopes to give not just students, but faculty and recent grads, a shot at the funding through its decentralized model.

Read the full story -30-
LEAVE A COMMENT

Advertisement

Philly’s SRI Capital has a cool $100 million to fund enterprise tech

NextFab’s first follow-on investment: $50,000 for Boston-based Unruly Studios

Comcast Spectacor invests in N3rd Street Gamers

SPONSORED

Philly

UX, UArts and the importance of human-centered design

Chesterbrook, PA

Deacom

Deacom | Creative Marketing Writer

Apply Now
Chesterbrook, PA

Deacom

EDI Specialist

Apply Now
Philadelphia

Inspire

Associate Product Manager

Apply Now

These 14 investors have urgent tips for your first meeting

Funding news about vybe

Biggest Philly-area raise in a while: Phenom People raises $22M for global expansion

SPONSORED

Philly

Pitch to win up to $360,000 in funding at WeWork’s Creator Awards

Philadelphia

Perpay

Product Designer

Apply Now
30 S 15th St #1400, Philadelphia, PA 19102

Inspire

Fall 2018 – Cleantech Connect Project Mentee

Apply Now
Philadelphia

Practice

Director of Sales

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!