ConnectWise Capital, the financial arm of ConnectWise, has built a US$10 million fund, that will grow to US$25 million, for investing in technology integration efforts and companies that expand the ConnectWise ecosystem.
ConnectWise CEO Arnie Bellini unveiled the program during last week's ConnectWise IT Nation conference in Orlando, Florida.
The fund, as yet unnamed, currently has US$10 million, but is expected to grow to US$25 million, Bellini said. "Our idea is, give us your ideas, and we'll be an angel investor for it."
The funds will be used specifically for the ConnectWise ecosystem, Bellini said, so "anybody could use it if their ideas qualify".
"I don't want to make it sound like Shark Tank. But send us your ideas, and we're gonna vet them. [But we're] not going to throw money at any idea that walks through the door."
ConnectWise has just started the program, and no money has been invested so far. "The idea is to just get things connected," Bellini told CRN USA. "Let's just get everything connected.
"You'd be surprised at what people can do with small amounts of angel investment. We don't necessarily want to take an equity stake… Just like any business arrangement, that could happen. But the idea is to get this ecosystem connected."