DAN Fund invests $50,000 in Dallas-based startup, Need

Venture capital firm, DAN Fund, LLC, announced a $50,000 investment in Need, the Dallas-based startup that launched in November 2013.

“We’re thrilled to being doing this here in Dallas,” Kevin Vela, DAN Fund board member. “Need is a strong investment, and we’re excited about its potential.”

Need is a men’s clothing retailer and monthly lifestyle magazine founded by Matt Alexander. Each month, Need curates a hand-picked selection of products — including clothing, literature, coffee, accessories (sometimes jump ropes) — “befitting the modern, discerning gentleman.”

DAN Fund is currently investing out of their 2nd fund — Need is the first early stage company from Dallas to be supported from that fund.

What’s especially exciting about the announcement is the energy that it brings to our Dallas startup community.

“We looked at companies from all over,” says Vela, “and we’re excited about this being local, and potentially opening the pathway for more investments.”

  • Rachel is a freelance writer and works at Soap Hope in downtown Dallas. She hates the term “disrupt,” tweets about startups, and appreciates a well-crafted hashtag.

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