Golden Seeds
ABOUT
Golden Seeds is dedicated to pursuing investment returns through the empowerment of women entrepreneurs and their investors. The group was founded in 2005 and is headquartered in New York City, with active chapters in Arizona, Atlanta, Boston, Dallas, Houston, New Jersey, New York and Silicon Valley – and members throughout the US.
First Lady Tammy Snyder Murphy, the NJEDA, and Golden Seeds launched the New Jersey chapter of Golden Seeds in early 2020.
Are you ready for an angel investment?
Entrepreneurs looking for angel funding should meet these tests of readiness:
– Product is in beta (versus alpha) stage of development and has been created with input from clients or potential clients.
– Company has some “proof of concept” revenue.
– Typical pre-money valuation below $5M.
– Typically seeking to raise $250K-$2M.
– Consumer product companies that have annual run rate revenue of over $1M and gross margins over 40%.
2024 Office Hours
Office Hours are an excellent choice for companies that are likely to seek funding in the next 12 to 24 months. The initial step to secure funding from Golden Seeds is to attend the office hours in New Jersey. Registration links appear below. During these sessions, you will have 10 minutes to present your company, followed by a 5-minute Q&A session with the investors. This provides a valuable opportunity for founders to receive feedback on improving or growing their business and potentially connect with a Golden Seeds member who can advocate for and mentor the founders throughout the funding process.
- June 12th, 2024 4:00-6:00PM
- July 10th, 2024 4:00-6:00PM
- September 11th, 2024 4:00-6:00PM
- October 9th, 2024 4:00-6:00PM
- November 13th, 2024 4:00-6:00PM
NJEDA-Golden Seeds Partnership
Governor Phil Murphy’s comprehensive plan for building a stronger and fairer economy in New Jersey includes a goal of creating the most diverse innovation ecosystem in the nation and doubling venture capital in the state. Furthermore, the Governor’s plan calls for closing the racial and gender wage and employment gaps. One means of closing wage and employment gaps is to close the funding gap for female-led startups.
In support of this goal, the NJEDA has worked with First Lady Tammy Murphy to organize a New Jersey chapter of Golden Seeds to focus on New Jersey women-led businesses.
Golden Seeds is an angel investment firm dedicated to pursuing positive investment returns through the empowerment of women entrepreneurs. The group was founded in 2005 and is headquartered in NYC. Golden Seeds membership of about 300 members is dedicated to evaluating, funding and helping companies with at least one woman in an upper management role who has an equity position.
Through a partnership with Golden Seeds, the NJEDA is creating the opportunity to increase available capital for women-led businesses as well as mentoring women entrepreneurs with an anticipated outcome of supporting and growing New Jersey women-led businesses. This partnership creates an economy for women led businesses to thrive and closes the racial and gender wage and employment gaps.
With a Golden Seeds chapter in New Jersey, members will be able to work together to identify investment opportunities, conduct due diligence, monitor the companies’ progress and provide needed support. This contributes to creating a strong, cohesive and robust angel investing community that will contribute to the growth of women in the C-suite.
golden seeds in the news
nj success stories
Endomedix
Vice President
Endomedix is a MedTech venture that has developed a new chemistry & biomaterial platform based on the processing of sustainable natural polysaccharides. The first spinoff of this platform will be a device to control bleeding in neurosurgical procedures, providing the first fundamental breakthrough in this sector since 1945. This innovation will save the US healthcare system $200-$300 million per year while reducing clinical complications for patients.
Visit Our Website
SunRay Scientific
CEO & Co-Founder
An advance electronics materials manufacturer developing novel electrical interconnection technology to make microscopic flexible circuitry. Our patented conductive adhesives allow for building electronic circuitry that is flexible and can be printed on curved materials or textiles. SunRay’s target market is flexible hybrid electronics (FHE) and semiconductor packaging markets. Our target customers are electronics manufacturers in various industries including medical, automotive, defense, and consumer products. We generate revenue through material sales, licensing/leasing, engineering services, and federal grant programs.
Visit Our Website
Otava, Inc
CEO
Otava, Inc. located in Moorestown, NJ, is delivering forward thinking chip, hardware and software solutions for emerging 5G, satellite and defense vertical markets. Otava is in a business critical to our national security and is interested in leveraging federal funding under the Chips Act to continue to grow their state and local impact, which is possible due to the early investing from Golden Seeds.
Visit Our Website
Princeton Identity
CEO
Princeton Identity (PI), NJ based company, is a leader in the development of a proprietary biometric identity management solutions to provide “Iris on the Move” recognition integrating seamlessly with industry-leading access control systems, Point of Sale (POS) and Time & Attendance (T&A). Possessing over 65 years of biometric expertise and an extensive intellectual property (IP) portfolio of 37 patents granted developed with 3-letter government agencies, PI technology offers security and convenience for end users. “On the Move” solutions facilitate rapid throughput at high-volume locations such as airports, borders, and large-scale facilities (e.g. universities, manufacturing plants, gyms, campuses and arenas). With proven installations globally, PI solutions are scalable and flexible, work indoors and outdoors, and while meeting privacy compliance.
Visit Our Website
Additional Resources
For an overview of Golden Seeds or for questions, please email: goldenseeds@njeda.gov.
