No. You are free to raise capital from other investors – either before or after Skalata invests. But they can’t participate in the same round as Skalata, because there is no “round”. The Skalata investment comes part and parcel of your participation in the seed program. We are not investing at a given valuation for our entry deal ($100k-200k + program). In exchange for providing the financial support and access to our program, we receive equity.
To take a little dip into the support we provide, all selected companies receive hands-on coaching and the resources to develop their business infrastructure. We employ coaches (who work week-in and week-out with the founders) and external experts to support companies. Time and time again we hear that the biggest benefit to companies actually comes from participating in our program (i.e. if we do our jobs right, the least valuable thing is the capital injection!).
While you are free to raise capital from other investors, if you were to issue a further 10% equity for $100K, you would be undervaluing your business. We would suggest you hold off on that investment, come into the program, and raise any additional funds at a much higher valuation.