Houston-based South Loop Ventures announced a $21 million Fund I, led by Rice Management Company and Chevron Technology Ventures. Texas Capital Bank and The Great Commission Foundation of the Episcopal Diocese of Texas also participated in the funding round. According to its founder and managing director, Zach Ellis, the fund will focus on founders nationwide but hopes to attract founders in healthcare, energy, space, and climate. The firm has made 13 investments and hopes to increase to at least 30. Investing in diverse founders The firm launched in 2022, focusing
ChurchSpace, a Houston-born tech startup that transforms underused church buildings into rentable community spaces, is expanding its mission to the Midwest. The company has announced the relocation of its headquarters to Detroit alongside the close of an oversubscribed $1.2 million funding round. “What we built in Houston was more than technology—it was transformation,” said ChurchSpace Co-Founder and Co-CEO Day Edwards said in a press release. “We expanded our purpose and packaged proven strategies to help churches thrive, transform communities, and even combat food insecurity. Now, with prayer and the support of our team
