Cannon Ventures and Rice Angel Network Team Up To Invest in Houston-Based Startups

Amzeal News/10308623
HOUSTON - March 20, 2019 - Amzeal -- In a partnership with The Cannon, The Houston-based Rice Angel Network (RAN) announced today that it will be powered by Cannon Ventures, the investment arm of The Cannon. The alignment will augment efforts of the two groups to provide local startups with access to the capital they need to grow. In late 2018, The Houston Investor Network Alliance (HINA) was launched as a commitment from four investor groups in Houston to increasingly co-invest and share deals in Houston. The partnership between RAN and The Cannon takes this a step further as they align missions of early-stage investments throughout Houston's startup ecosystem.

"The mission is simple", says CEO and Founder of Cannon Ventures and The Cannon Lawson Gow. "We want to bring Houston's startup ecosystem the access to capital that they need to thrive here in Houston". Seconding the notion, Kyle Fletcher, Managing Partner of Rice Angel Network describes the partnership as necessary. "Houston is one of the largest cities in the US, yet our efforts to bring capital to startups has been done only in pockets throughout the city. We are better together than we are separate." Both founders are Rice University Alumni and have rooted their desire to develop Houston's entrepreneurial ecosystem amid both the campuses at The Cannon and Rice University.

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They will continue to host quarterly pitch nights at The Cannon, intended to bring investors to startup investment opportunities as well as advocate for entrepreneurship throughout Houston.


About The Cannon
The Cannon is a coworking space and entrepreneurship hub located at the center of the 32-acre Founders District on the west side of Houston, just north of the intersection of Interstate 10 and Beltway 8. Currently there are just over 115 companies in The Cannon community working in a 20K square foot temporary building next door to the future home of The Cannon - a 120K square foot converted warehouse that will become one of the largest coworking and office spaces in the world. At full capacity, The Cannon will be home to over 800 of Houston's most accomplished entrepreneurs, startups and small businesses, and surrounded by service providers and resources geared to help their businesses grow.

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The Cannon Houston

Source: The Cannon Houston
Filed Under: Technology

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