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Founded in 1997 as an Internet marketing strategy and web development company, eonBusiness has assisted many entrepreneurs in launching, developing and growing various web-based businesses. EonBusiness' early success assisting others prompted them to make direct investments in and to operate their own e-commerce businesses, beginning as early as 1999. Since that time, the firm has developed, invested in, and operated several successful Internet service and e-commerce businesses, some of which have been acquired. The firm's two initial private venture funds, eonCaptital Venture Fund I and II, make supportive investments in seed and early-stage Software as a Service (SaaS) and mobile application businesses. The firm's specific investment focus is in seed and early-stage funding for SaaS and mobile application based businesses with: Subscription based monthly/annual recurring revenue, investment need of up to $5,000,000, minimum 10x return-on-investment, and planned exit strategy within 3-7 years.
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