Thursday, January 3, 2013

SURGE Accelerator Raises $575K In Investment Fund

Houston's SURGE Accelerator, the energy-software focused accelerator program, has now raised $575,000 in its investment fund, according to a regulatory filing from the firm this week. The filing indicates that SURGE has around 18 investors who have contributed to the fund so far. The fund apparently has a target of $1.0M. SURGE has not announced any details of the fund, but the fund is most likely the pool which the accelerator is using to invest in its startup accelerator classes. SURGE is in the midst of gathering applications for its Spring 2013 class.