Wingspan is a new venture studio based in Utah that announced its launch with two investments and a partnership with Tech9, a premier custom software development company.
Wingspan provides entrepreneurs with a new model for company creation – an institutional co-founder offering capital and a turn-key team of product strategists, designers, engineers, marketers, and recruiters – everything you need to bring your world-changing idea into reality faster than on your own. And Wingspan invests $1 million to $2 million in each venture as a mix of cash and services in exchange for a minority stake in the company.
Wingspan’s first investments are an acquisition of Volley (a video messaging app) and a partnership with Tactic (the number one rated hybrid workplace management app).
KEY QUOTES:
“We aim to build 25-30 great companies over the next decade. To accomplish this goal, we plan to raise a fund in the next 18-24 months after demonstrating a robust portfolio.
“Volley and Tactic are great first ventures as both have significant traction with fanatical user bases. We’re also actively recruiting a co-founder for our third venture, a tech infrastructure company in stealth mode.”
— Josh Little, Managing Partner of Wingspan
“The best and brightest of Tech9’s 280 designers, engineers, and project managers across the globe will work with Wingspan’s co-founders to build ventures faster than they thought was ever possible,” says
— Nick Stice, CEO of Tech9 and Managing Partner of Wingspan
