Afore Capital, a pre-seed venture capital firm, has raised a new $185 million fund to support early-stage companies. The new fund demonstrates Afore’s focus on supporting nascent businesses and helping founders overcome the unique challenges that come with starting a business in the early days. Afore Capital is launching an innovative program to support founders in the ideation stage along with the new fund. This program offers an organized setting in which to research and create viable startup ideas with the knowledge that most founders are enthusiastic and able but maybe lack the outlined business plan. As a means to direct founders through idea to application, the course consists of resources, advice, and shared community.
Afore Capital’s strategy is indicative of a wider movement within the venture capital community, whereby investors are more and more interested in backing the earliest phases of a firm’s development. By giving founders significant financial and strategic support at the pre-seed stage, Afore seeks to enable them to create stable startup foundations that will set them up better for success at later rounds of funding and marketing. One of the most significant gaps in the startup space is also being filled by this initiative, where early-stage entrepreneurs do not get access to funding and mentorship without a complete business plan. Afore Capital is positioning itself as an engaged collaborator in the creation and expansion of new ventures from scratch by investing at the ideation stage.
Afore Capital is currently searching for ambitious founders who wish to start their own venture, and the new fund and program that go along with it are set to be introduced right away. Afore’s commitment to making innovation possible and helping tomorrow’s entrepreneurs from the very early stages of their enterprises is reflected in this news.
