The Westcott family invests in a wide variety of asset classes include real estate, operating businesses, and venture opportunities.
Westcott Investment Group is a private equity investment company established by Commodore Partners, the long-time investment office of the Westcott family. Westcott Investment Group makes equity control investments and non-controlling growth capital investments in lower middle market companies with a focus on tailored solutions for existing management and ownership.
Founded in 2002, Commodore Partners is a Westcott-owned family investment partnership that focuses on venture capital investments and the acquisition and development of real estate.
Fountain Residential Partners, LLC is a privately held Dallas-based multifamily real estate development, acquisition, and asset management company specializing in the student housing asset class.
Together with the Carl Westcott Family, Fountain Residential was founded in 2010 by principals Brent Little, Jon Clayton, and Trevor Tollett, all seasoned real estate professionals that have a combined experience of almost 40 years in the industry.
Specializing in student housing since 2000, the principals of Fountain Residential have completed well over $1 Billion in new student housing construction across the country.
Carl Westcott founded Westcott LLC in 1996 as an entrepreneurial private investment platform. Since then, Carl Westcott has cemented his reputation as a forward thinking entrepreneur and investor. The investments of Westcott LLC are as varied as Mr. Westcott’s career including: real estate, technology, energy, finance, and consumer services.
Mr. Westcott began his career in the automotive industry. In 1974 he formed First Extended Service Corporation becoming the world’s first originator of extended automotive service agreements for new automobiles. By the late eighties First Extended was generating in excess of 50,000 service agreements per month across 50 states. In all, First Extended generated over 6 million service agreements, demonstrating year-over-year growth until the business was sold to AON, the global insurance giant in 2006.
Mr. Westcott founded his most successful venture, Westcott Communications, in 1986. Westcott Communications was the premier company for delivery of video training programs via satellite. Mr. Westcott took the company public in 1989 and sold it in 1996 to K-III Holdings, Inc.
Westcott LLC has also managed venture investments such as Internet America, one of the nation’s largest regional Internet Service Providers (ISP) and Digital Witness, a leading provider of digital surveillance solutions. Westcott had a 60% ownership stake in Internet America which was sold in 1999 when the company went public. Digital Witness was sold to Westec in 2007 for $32.5 million.
The principal and founder of Westcott LLC.
Jack Smith is Mr. Westcott's long time business partner. With decades of experience in business and finance, Jack is involved in identifying investment opportunities and structuring financial transactions.
Court Westcott holds a B.A. in philosophy and political science from Vanderbilt University. He also holds an MBA from SMU's Cox School of Business. Court identifies investments with a strong focus on emerging technologies. He also participates in the management of Westcott LLC.
Chart Westcott, Esq. is the COO of Ikarian Capital, LLC a long/short equity biotech focused hedge fund based in Dallas, TX. A native of Dallas, Chart attended Vanderbilt University then returned home to attend SMU Dedman School of Law. While still retaining interests in family businesses, Mr. Westcott no longer works full time at Westcott LLC. Chart Westcott is a Commissioner on the Texas Real Estate Commission and also serves on the Board of the Dallas County Historical Foundation/the Board of the Sixth Floor Museum.
Mike Smartt holds a B.P.A. from Mississippi State University. Mike participates in the management of Westcott LLC and is actively involved in its many investments.
Swayze Smartt manages portions of the Westcott family real estate portfolio and performs due diligence and analysis of prospective Westcott LLC investments. He holds a Bachelor's degree in Finance and Computer Science and a Master's degree in Accountancy from Wake Forest University.
Beth is actively engaged in the myriad support functions for all daily operations including Human Resources, Accounting, cash management, investment closings and funding processes. Among her other assignments, Beth also serves as Corporate Secretary for the Westcott Foundation and Jayhawk, Inc.
The company closed the final chunk of an approximately $12 million Series A round, which was raised in multiple tranches. Door’s CEO, Alex Doubet, confirmed this in a phone interview with Crunchbase News.
Immusoft Corporation, a Seattle, Wash.-based gene therapy company, announced today it has closed a $3M initial tranche of a Series B financing. The full Series B is underway. The round is expected to provide Immusoft the funding it needs to complete its Phase I/II clinical trial in MPS-I (Mucopolysaccharidoses type I) and advance its pipeline, which uses its proprietary Immune System Programming (ISP™) approach to B cell modification for treating diseases.
We’re delighted to announce funding in Helsinki-based The Curious AI Company, with a round that also includes Lifeline Ventures and Invus, along with new investors Data Collective, Jaan Tallinn, Court Westcott’s Cosmist Capital and Tekes, the Finnish Funding Agency for Innovation. The visionary AI specialist and AI-focused investor, Court Westcott leads the round and joins Curious AI’s board as chairman.
In another recent leap for lab grown meat, clean meat company Memphis Meats announced that it completed a $17 million Series A fundraising round that was led by Draper Fisher Jurvetson (DFJ), a leading venture capital firm that has also invested in SpaceX, Twitter and Tesla. The round included a number of notable investors including Richard Branson, Bill Gates and Suzy and Jack Welch. The round was also supported by food industry leaders including farm-to-table founding father Kimbal Musk and agriculture company Cargill Inc., the largest privately held corporation in the United States whose last declared revenues ($136.7 billion) would rank it number 15 on the Fortune 500.
You don’t have to be rich or T-Pain to be “on a boat.” You can rent one plus a captain for the day from Boatsetter. And now it’s got boats in more than 300 locations around the U.S. since it just acquired rival maritime marketplace Boatbound.
Boatsetter will be taking select talent from Boatbound plus logistics tech and its inventory of vessels for rental. A source familiar with the transaction said the acquisition was paid for with Boatsetter stock valued in the low-millions range.
The Barcelona startup Restb.ai, specialized in artificial vision that monitors and describes images on the Internet with an accuracy of 99%, has raised 1.2 million euros of funding for the international expansion of its technology.
Restb.ai has completed its first round of investment of 1.2 million, with the participation of US investment fund Court Westcott LLC, the Madrid Capitana Venture Partners fund with Lanta Capital, Athos Capital and Tandem Capital all of them from Barcelona.
Westcott LLC / Commodore Partners
3710 Rawlins Street
Dallas, Texas 75219