Founded in 1997 as an Internet marketing strategy and web development company under the name eonBusiness, eonCapital has assisted many entrepreneurs in launching, developing and growing various web-based businesses. Our early success assisting others prompted us to make direct investments in and to operate our own e-commerce businesses, beginning as early as 1999. Since that time, we have developed, invested in and operated numerous successful Internet service and e-commerce businesses, some of which have been acquired.
Our experience working with and in start-up businesses, prompted us to establish our own private venture funds. eonCapital Venture Fund I and II invest in seed and early-stage Software as a Service (SaaS) and mobile application businesses. Like the creative entrepreneur, we saw a problem and desired a solution. Our goal is to help fill the funding gap for entrepreneurs of seed and early-stage companies. As entrepreneurs, we understood what it takes to build a company from the ground up and the challenges presented from concept through development and into the growth phase.
While funding is often necessary, it is not the only answer. The key to success is in the execution. Great concepts die due to mediocre execution. In addition to funding, we add value to and enhance execution by participating in strategic planning, providing follow-on funding, and introducing new funding sources to our portfolio companies.