Wingspan, a Lehi, UT-based newly formed venture studio, announced its launch with two investments and a partnership with Tech9, a custom software development company.
Led by Managing Partners Josh Little, and Nick Stice (who also is CEO of Tech9), Wingspan offers entrepreneurs a new model for company creation–an institutional co-founder that provides both capital and a turn-key team of product strategists, designers, engineers, marketers, and recruiters– to bring ideas into reality faster. The studio invests $1-2M in each venture as a mix of cash and services in exchange for a minority stake in the company. It plans to build and launch 25-30 companies over the next decade.
Wingspan’s first deals were:
- the acquisition of Volley, a video messaging app that enables flexible face-to-face communication between individuals, groups, and teams, and
- the partnership with Tactic, a hybrid workplace management app–the all-in-one solution for hot desking, room booking, and visitor management.
Tech9 is a premier custom software development partner, which employs senior-level design, engineering and project management talent to help clients achieve success through expertise, competitive pricing and a “Tech Happily” culture.