Geekdom Fund Forms Sidecars for ZenBusiness and SubjectWell

January 26, 2022 | Client Results

Jackson Walker attorneys Stephanie Chandler and Daniel Maldonado advised Geekdom Fund in raising $8 million in separate sidecar funding rounds related to Austin-based startups ZenBusiness and SubjectWell.

ZenBusiness is a public benefit corporation that assists entrepreneurs with business formation, back office operations, and regulatory compliance. Previously, Geekdom Fund’s sidecar invested $2.66 million in ZenBusiness. The most recent sidecar investment totaled $3.49 million from 41 investors.

SubjectWell provides a marketplace for patient recruitment for clinical trials. Following a $1.2 million investment in 2020, Geekdom Fund’s sidecar invested an additional $4.56 million for SubjectWell.

Founded in 2014, Geekdom Fund is a venture capital fund that invests in early stage IT startups in San Antonio, South Texas, and beyond. In addition to ZenBusiness and SubjectWell, Geekdom Fund has coordinated sidecar equity funding round investments in a number of startups, including Trexo, Kronologic, MP Cloud Technologies, One Model, and Tenfold, each of which are portfolio investments by Geekdom Fund.

For more information about the investment deal, view the San Antonio Business Journal article “Geekdom Fund raises nearly $8 million for two Austin-based startups.”

To explore Jackson Walker’s experience counseling startups, forming investment funds, negotiating M&A transactions, and conducting public and private offerings, visit our Corporate & Securities practice and JWStartup pages.

Meet Our Team

San Antonio partner Stephanie L. Chandler partners with her clients to help them build their businesses. As the Firm’s Technology chair and a founding member of JWStartup, Stephanie has a track record of working with clients from the earliest stages of their development through significant liquidity events, typically in the role of outside general counsel managing the legal issues related to each growth stage. She has been recognized as one of 100 national Influencers in the area of Law by American City Business Journals (2018), with a Women’s Leadership Award from the San Antonio Business Journal (2017), in Chambers USA: America’s Leading Lawyers for Business as a Recognized Practitioner in Technology: Corporate & Commercial – Texas (2017), and by The Best Lawyers in America in Business Organizations (including LLCs and Partnerships) (2017-2019) and in Mergers and Acquisitions Law (2019).

Daniel Maldonado is an associate in the Corporate & Securities practice of Jackson Walker’s San Antonio office. He was a summer associate at the Firm in 2019. Daniel was named to Scene in S.A.’s list of “Rising Star Lawyers” in 2021 and 2022.

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