Alternative Finances

Blade Launches $20M Seed Fund in Boston for Consumer Tech Startups

The company plans to invest $250,000 to $1 million per consumer-based tech startup.

Kayak Software Corp. co-founder Paul English announced that he is opening a “software foundry” in Boston, entitled Blade according to The Wall Street Journal. The company wants to invest in startups that have a focus on consumer-based technology.

English plans to invest $250,000 to $1 million per startup. The fund works, each selected startup will be able to use the office space at Blade’s offices in Boston for a few months, or a full year, depending on their needs, and what they are building.

Blade partners and staff will also give the startups hands-on help with everything from hiring, to sales, marketing, product development and Series A fundraising, according to the company.

“One thing I came back with after running Kayak for ten years was how critical it is to put in an extra effort to hire someone just a little bit stronger… It makes all the difference in the world,” English told The Wall Street Journal.

So far Blade has invested in three startups, and they are already working at the Blade offices. The company wouldn’t release the names of them, however, one is a hardware company, and the other two are working on mobile apps for college students, including a social networking app, and an alternative to Craigslist.org.

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