A Brief Explanation of Seed Funding

As the CFO of Hixme Insurance Solutions, Inc., Eric Wissig manages the financial strategy and business plan of this technology-centered health insurance startup. Among his achievements at Hixme, Eric Wissig has been instrumental in raising over $12 million in seed and series A venture capital for the firm.

The seed or angel funds of a startup generally refer to the first monies invested in a business after the founder’s initial investment and investments from friends and family. Angel funders typically put in relatively small amounts of money to allow for continued growth. In exchange for this, they receive an ownership interest. Additionally, they may actually assist in getting the company off the ground.

Seed investors aim to help the company gain some traction, ideally creating interest from larger, professional investors, such as venture capitalist companies. Once these higher level investors become involved, investment opportunities continue in series or rounds, with each round having defined ownership rights and priorities.

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