Two companies formed by graduates of Texas MSTC Class of 2014 have been accepted into the Jon Brumley Texas Venture Labs (TVL) Accelerator for the fall semester. Designed to help startups raise capital and bring their products to market, the TVL Accelerator will allow the founders of both Hrvst and RainSeed to focus on the companies they developed during the Texas MSTC Program.
“My founder and I had Dr. Adams for a professor in our UT MSTC program and saw first hand what other companies could accomplish through TVL. We both knew if we went forward with Hrvst as a company the resources and network TVL could provide us would be extremely valuable as a new young company,” said Jason St. Peter, co-founder of Hrvst, a data-driven investment portfolio management tool.
“RainSeed’s acceptance into the TVL Accelerator allows us to continue to leverage the university’s resources after the Texas MSTC Program, as well as the expertise of Rob Adams and the TVL team. This gives us the opportunity to build our business and grow more effectively than we could do on our own, something that is invaluable at our current early stage,” explained RainSeed CEO and MSTC alumni, Jim Nelson.
RainSeed is a technology platform that allows water utilities to connect to their end-users to more effectively manage water resource use. While in the Texas MSTC Program, RainSeed won the 2014 Nebraska Innovation Competition and went on to make it to the second round of the Global Venture Labs Investment Competition.
Hrvst is an Austin -based technology company developing an online platform to help investors better understand their overall portfolio while guiding them to better long-term investment decisions.
The TVL Accelerator accepts 14 companies each fall and spring semester. Participating companies receive 200+ hours of student time, a chance to present at the Venture Expo, and access to the TVL Alumni Network. TVL has worked with over 63 startups that have raised over $187 million.