This bid is for venture capital seed fund management serving startups throughout Delaware, with coordination at 99 Kings Highway, Dover, Delaware 19901.
Due
December 2, 2026
39 days left
Location
Dover, DE
Delaware
Posted on
mmp.delaware.gov
Notice ID
STA26103-SSBCI_VENTURE
What they need
Fund sizeUp to $4 million in program capital per fund, with at least a 1:1 private capital match.
Investment focusSeed and early-stage companies raising $500,000–$5 million rounds; at least 90% of anticipated investments must be in Delaware-based companies.
ServicesFund formation, investment strategy, deal sourcing and selection, portfolio oversight, advisory support, and outreach to women, founders of color, and rural businesses.
AdministrationAccounting, internal controls, conflict management, audits, and monthly and annual performance reporting.
PricingInclude management compensation, formation costs, insurance, annual audits, and portfolio support expenses. Portfolio support allowance is capped at an annual average of 1.71% of program capital over a fund life of up to 10 years.
XL Eagle