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SeedFunders
Seedfunders is a firm that invests in early-stage technology startups with a Minimum Viable Product. It provides funding and mentorship to startups with little...
SeedFunders
Seedfunders is a firm that invests in early-stage technology startups with a Minimum Viable Product. It provides funding and mentorship to startups with little or no revenue, helping them develop for venture capital investment. Seedfunders focuses on the Florida startup ecosystem and scalable technology models, founded in 2018 in Saint Petersburg, Florida.
General information
Firm type
Private Equity
Year founded
2014
Location
Region
North America
Country
United States
City
St. Petersburg
Corporate office
St. Petersburg, FL, United States
Principals
Geoff Keith
Chair & CEO
Dave Chitester
Managing Partner
Kevin Dorsey
Managing Partner
Shawne Angelle
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at SeedFunders?
Geoff Keith serves as Chair and CEO, managing day-to-day operations and the deal calendar for the Tampa/St. Pete chapter. Each geographic chapter — Orlando and Miami — operates with its own managing partners under the broader SeedFunders structure, but Keith centralizes investment flow and partner coordination.
How does SeedFunders source proprietary deal flow?
Deal flow comes primarily through the partners' local networks in Florida. With over 70 partners drawn from executive roles at Verizon, JP Morgan, Pfizer, and other large institutions, the group relies on introductions from operators, former colleagues, and the state's entrepreneurial ecosystem rather than broad inbound marketing.
Is SeedFunders structured as a fund or an angel network?
SeedFunders functions as a structured angel group, not a pooled venture fund. Each partner invests individually in deals vetted through a centralized calendar. The firm also operates the Seedfunders Opportunity Fund, a separate vehicle for Black entrepreneurs, which functions more like a dedicated early-stage fund.
What investment stages does SeedFunders typically target?
The firm explicitly targets startups with a minimum viable product but little or no revenue — the stage before most Florida venture capital firms engage. It aims to help companies prove product-market fit and scale initial revenue before handing them off to larger growth-stage investors.
Does SeedFunders take board seats or provide operational support?
Yes, operational involvement is central to the model. For portfolio company RxLive, SeedFunders partners Robert Kropp and Eliot Heller took board seats and provided weekly guidance on clinical strategy, data collection, and outcomes measurement — a hands-on approach repeated across the portfolio.
How is SeedFunders related to Florida Funders?
Dave Chitester, the founder of SeedFunders, also founded Florida Funders, an earlier Tampa Bay investment firm. Florida Funders operates as a separate entity that blends angel investing with a venture capital fund structure, while SeedFunders remains a pure angel network focused on earlier-stage, pre-revenue deals.
Does SeedFunders participate in follow-on funding?
SeedFunders primarily provides initial seed capital and then helps portfolio companies secure follow-on funding from larger investors. The firm positions itself as a bridge to growth-stage capital, not a multi-stage continuation vehicle.
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