BRONCO VENTURE FUND i limited partner overview
fund target
- Early stage growth ventures originating from Santa Clara University’s Bronco Venture Accelerator and Sobrato Center for Discovery and Innovation
Fund Size
- $10 million
- 80% committed
investment period
- Five years with life of fund ten years
typical deal size
- Pre-seed (lead): $50K, 3x/year
- Seed and Series A (follow ons and co-investments with leading Silicon Valley VC's): $100K to $500K, up to 5x/year
initial deals
- Wificoin $3.5 million Series A round led by Coinfund for DeFi offering enabling bandwidth to be tokenized and traded on smartphones
- Robotire $7 million Series A round led by Discount Tire for robotics systems providing tire changes and vehicle maintenance
- OnePointOne $25 million Series A round for automated indoor vertical aeroponics
- Breinify $6 million Seed for AI-driven B2B platform personalizing customer experience
- Sturdy $4 million Seed round for music industry NFT exchange; co-investors include Coinbase and Dapper Labs (NBA Top Shot)
general partners
- Morgan Slain (GP): Director, SCU Bronco Venture Accelerator; Venture Partner, UP2398 (Pierre Omidyar’s VC fund); 3-time founder/CEO with exits including Google
- Alexi Sevastopoulos (Operating Partner): co-founder, Armature Systems
limited partners
- By invitation or referral only
- $50K minimum commitment; $2 million maximum commitment
- 20% of capital called each year over five years
- Current LP’s include Canyon Oak Ventures, H3 Funds, Santa Clara University Endowment Fund, family offices, and individual accredited investors
fee structure
- Two and a half percent management fee, 20% carried interest