HSDC’s previous investment program focused on ecosystem development through the HI Growth Initiative in order to develop a vibrant entrepreneurial ecosystem attractive to private sector investors. HSDC’s investments supported collaborative events for the entrepreneurial community, accelerator programs and investment funds, seed funds and a Series A fund. HSDC’s co-investors in its various funds include Hawaii angel investors, Hawaii corporate investors, and Hawaii institutional investors.
Startup Capital Ventures published a report on Hawaii venture capital activity, “Venture Capital in Hawaii 2010 to 2018“. The report highlighted nearly $250 million raised by Hawaii-based companies and an annual investment rate of $20 million.
Of the active Hawaii-based investment funds, HSDC has helped in the establishment of 5 of these funds:
Blue Ventures I & II, affiliated with Blue Startups
GTA Development Fund, affiliated with GVS Transmedia Accelerator
EEX Fund One, affiliated with Elemental Excelerator
UPSIDE Fund I & II
Startup Capital Ventures Fund II