LOI Venture Company Research Report

Company Overview

Name: LOI Venture
Mission: LOI Venture is a seed-stage venture fund focused on supporting founders under the age of 30 who are attending the League of Innovators (LOI) program.
Founded: December 2021
Founders: Ryan Holmes and Manny Padda
Key People:

Ryan Holmes, Co-Founder & General Partner

Manny Padda, Co-Founder & Managing Director

Casey Van Maanen, Senior Analyst

Lindsey Matthews, Operations Manager

Joel Hansen, Head of Marketing & Partnerships

Headquarters: Vancouver, British Columbia
Number of Employees: No information is available
Revenue: No information is available
Company Focus: LOI Venture is known for backing young tech founders by providing early-stage venture funding, primarily pre-seed and seed-stage investments, to young entrepreneurs under 30 who are part of the League of Innovators program.

Products

Overview:
LOI Venture offers venture funding and support to early-stage tech startups founded by young entrepreneurs. The main "product" they offer is capital investment, along with mentorship and strategic guidance.

Key Features:
1. Pre-seed and Seed-stage Funding:

Provides early-stage venture funding ranging from $100,000 to $300,000, with potential for SPVs (Special Purpose Vehicles) to extend investment checks up to $1 million.

2. Mentorship and Strategic Guidance:

Leverages a network of experienced entrepreneurs, operators, and advisors to support young founders.

3. Focus on Young Entrepreneurs:

Specifically targets founders under 30, with a preference for participants of the League of Innovators program.

Recent Developments

Recent Developments:

New Investments:

LOI Venture has invested in numerous startups, including PureCode AI, Superpanel, Monark, and Holdr, among others. Each startup is working on innovative solutions ranging from AI-powered coding tools to data-driven health recommendations.

Partnerships:

Notable partnership with GoDaddy for Haloo, facilitating a soft launch in the U.S. and upcoming full API integration.

Product Launches:

Multiple portfolio companies have launched new products, such as Rainbo’s alcohol-free tincture line, and Quorum Earth's bio-pesticides for honey bees.

New Features/Programs:

Continuous Support for Young Founders:

LOI Venture continues to support the growth and development of startups through additional funding rounds, mentorship, and strategic partnerships geared towards scaling their business.

Recent Notable Investments:

Deskree (Investment Date: July 2023): Making backend infrastructure accessible to any development team.

Sipply (Investment Date: December 2023): An AI-based recommendation engine for drink pairings.

Monark (Investment Date: December 2023): A platform for interactive, data-driven leadership and performance optimization.

Press Coverage:

Riley Holmes and Manny Padda have been highlighted in several tech-focused publications, such as Vancouver Tech Journal and BetaKit, discussing their new venture fund aimed at young entrepreneurs.

Some of their portfolio companies, like Spontivly and Reusables.com, have received media attention from reputable sources like Axios and CoinDesk.

Additional Information:

LOI Venture actively engages with its community and stakeholders through regular online updates and social media platforms.

They maintain a comprehensive list of their portfolio companies, showcasing the diverse array of sectors they invest in—from fintech and AI to health and wellness.

Conclusion:
LOI Venture focuses intensely on nurturing young tech founders by providing them with the financial backing, mentorship, and strategic resources needed to succeed. Through their dedicated efforts, they are fostering the next generation of innovative enterprises in Canada and beyond.