St. Louis-based SixThirty, an accelerator fund that provides financial technology startups with funding and connections to the top financial services companies in the country, has launched a second fund focused on providing support for cybersecurity startups.
SixThirty Cyber, which plans to invest $10 million over the next five years, adds to the growing list of business accelerator funds in St. Louis.
The fund will select five firms for its first class, which begins in September; it will invest between $100,000 and $200,000 in each and put the founders through a 14-week training and mentoring program. Most of the sessions will be in St. Louis but some may be at the Washington offices of Collingwood Group, a consulting firm that is partnering with SixThirty Cyber.
Investors in the new fund include Cultivation Capital, a venture capital firm, and the St. Louis Regional Chamber. Cultivation will manage the fund’s operations, a function it also performs for the original SixThirty and other local accelerators.
Read more: St. Louis Post-Dispatch