Think Big Partners
, a Kansas City based early-stage business incubator and technology-focused
startup accelerator, announced the launch of its first venture fund, Think Big
Ventures I, along with its first venture investment, EyeVerify.
Think Big Ventures I will primarily focus on early-stage,
technology-focused web services, apps, software and related opportunities. The
fund will also have a preference for highly scalable business models that
involve the consumer, established intellectual property, experienced management
teams and strong addressable market potential.
With the first close of the fund, Think Big Partners is
pleased to announce its first investment in Kansas City-based startup, EyeVerify.
EyeVerify is a software startup that brings to market an authentication
module that utilizes cameras on mobile devices to take images of an eye to use
as a unique biometric identifier. The
software allows mobile users to capture an image of their eye in the place of
entering a password to access their mobile phone. Toby Rush, founder and CEO of EyeVerify, is a
serial entrepreneur and graduate of the PIPELINE
Entrepreneurial Immersion Program.
“The Think Big Ventures investment is one with a lot of
smart, experienced people involved,” said Toby Rush, founder and CEO of
EyeVerify. “This fund will allow us to
network and connect with others on a much higher level. Think Big Ventures has extra impact behind it
simply because of the people involved, their expertise and experience as
founders.”
Think Big Ventures managers Herb Sih and Tyler Prochnow will
manage the fund and will utilize an investment committee process to determine
investment decisions. The fund will draw benefit from relationships previously
established by Think Big Partners, in addition to searching for the right
startup companies across the nation, especially the Midwest.
“We believe we have something unique to offer today’s smart
startup. Smart money comes in many forms,” said Tyler Prochnow, senior partner
at Think Big Partners. “Our network of advisors, mentors and strategic partners,
combined with our milestone-based, dosed capital mentality, aligns everyone’s
interests while still allowing us to remain objective and highly disciplined in
execution.”
Learn more about Think Big Ventures by following Think Big on Twitter: @thinkbigKC
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