Sweater operates a professionally managed venture fund that invests on behalf of retail investors, whom it calls “Members,” and provides investment breakdowns and company stories through an app launching soon. The team conducts due diligence and makes venture investments on behalf of those Members, enabling retail access to startup investing. The company intends to use the funds to accelerate growth and expand operations. Sweater was co-founded by Jesse Randall, Chad Lewkowski, and Matthew Klein and is based in Boulder, Colorado. The article does not disclose revenue or user metrics; its current disclosed financing is a $12M Seed round. The product focus is on making venture capital accessible and transparent to nonaccredited investors via a managed fund and accompanying app. Sweater operates a mobile-first venture investing platform that allows everyone to become investors in venture-backed startups. The company raised a $2.3M pre-seed financing to further develop its platform and accelerate its go-to-market strategy. In late November 2020 Sweater received SEC approval to pursue its proposed fund structure. The team is led by founders Jesse Randall, Chad Lewkowski, and Matthew Klein and includes former employees from SoFi, Dow Jones, and Lucid Software. Sweater plans to open a waitlist in early July 2021 with an expected public market launch in early 2022. The company is based in Boulder, CO.

Total raised

$14M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2022