Investor Profile: Boston Seed Capital — Thesis, Cheque Size & How to Apply

Boston Seed Capital, now branded on its website as Boston Seed, is a Boston seed-stage firm built on a simple idea: founders investing in founders. Founded in 2010, it was one of the first dedicated institutional seed funds in Boston, and it invests in the earliest stages, from pre-seed through seed, collaborating with founders from day one through to scale.

Investment thesis

Boston Seed backs visionary founders using technology to reshape how the world works and lives. Its site frames the work as championing founders redefining the everyday, across consumer, business-to-business software as a service, and infrastructure. It invests alongside founders who are committed to building transformative companies, and it stays involved practically as those companies grow.

Sectors and stages

The firm invests at pre-seed and seed in technology companies across consumer, B2B SaaS and infrastructure. Sectors in its recorded portfolio include consumer digital, sports and gaming, marketplaces, artificial intelligence and data, security, fintech and e-commerce.

Fund size and cheque size

Boston Seed's current fund size is not publicly disclosed on its website. The most specific public fund figure available is its third fund: press coverage of a 2017 securities filing reported that Boston Seed Capital Fund III targeted $40 million. The firm publishes no standard cheque size, so its cheque size is also not publicly disclosed as a firm-stated figure.

Notable portfolio

The firm's best-known early bet is DraftKings, in whose seed round Boston Seed invested in 2012. It also invested in Flywire in 2011, the payments platform that later listed publicly. Other portfolio names shown on its site include Runkeeper, Clypd, which was acquired by Xandr, a subsidiary of AT&T, VulcanForms, EnFi, Jebbit, Dephy, Splash Sports and Sendoso. The firm also led a $2.5 million series seed round in TopDog, a skill gaming platform, bringing that company's total raised to $4.1 million.

Partners and team

The firm is led by general partner Nicole Stata, who founded and ran Deploy Solutions as chief executive for eleven years before its acquisition by Kronos in 2008, and who mentors at the MIT Martin Trust Center for Entrepreneurship. Peter Blacklow is also a long-standing partner.

Programmes, perks and support

Boston Seed runs no published accelerator programme and offers no advertised credits or perks package. Its support is hands-on and day-to-day: help from the earliest spark to meaningful scale, drawing on the partners' operating experience and their Boston ecosystem network.

How to apply for funding

Boston Seed invites founders directly through its website. The contact section on bostonseed.com says, in substance, that if you are building something that fits, you should get in touch. There is no published application form with set questions, so the practical route is a concise introduction through the site's contact section, ideally with a warm introduction from a Boston founder or angel the team knows.