Launchpad LA is a Santa Monica-based startup accelerator and seed fund investing $25K-$150K in diverse industries, offering mentorship, office space, and network access. Rated #4 in the U.S., it fosters local innovation, supporting startups’ long-term growth and success in Southern California’s dynamic ecosystem.
Launchpad LA is a startup accelerator and seed fund based in Santa Monica, California, dedicated to fostering the growth and success of local entrepreneurs. Initially established in 2009 as a mentorship organization, Launchpad LA has since evolved into a pivotal entity in the Southern California startup ecosystem, investing between $25,000 and $150,000 in burgeoning companies. Its commitment is underscored by comprehensive support that includes mentorship, free office space just a block from the Santa Monica beach, and a plethora of perks and discounts. The real cornerstone of Launchpad LA's offerings is access to an expansive network of accomplished mentors, advisors, and investors, providing startups with the critical support they need to thrive.
Over its operational years, Launchpad LA has invested in 48 companies, resulting in over 90% of these firms successfully raising external capital exceeding $85 million. This track record of success has earned it a top ranking, being rated as the #4 accelerator in the United States and described by PandoDaily as 'the top accelerator in Southern California.'
The accelerator's program transitioned in 2012 from a mentoring organization that did not make financial investments to a full-fledged accelerator and seed fund. Since this pivot, it has helped start 18 companies, which collectively have created 125 jobs and raised $34 million in funding. Employment generated by these companies attests to Launchpad LA's significant economic impact in the region.
A key highlight of the program is its focus on facilitating the symbiotic growth of startups within Southern California, ensuring that innovative businesses have the resources, guidance, and networks to succeed locally. Launchpad LA's involvement doesn't end with the initial investment; it continuously supports its alumni, fostering long-term growth and sustainability.
In terms of industry focus, while Launchpad LA does not constrict itself to a single sector, it seeks exceptional entrepreneurs with innovative solutions across diverse fields. This inclusive approach has enabled it to nurture a rich portfolio of companies poised for substantial growth. The accelerator's commitment is to empower startups through robust guidance, ensuring that they have the strategic and operational support necessary for success.
Launchpad LA's blog and community events, such as their presentation on 'How to Get Into an Accelerator,' further exemplify their commitment to educating and engaging the startup community. These initiatives aim to demystify the acceleration process, providing invaluable insights for aspiring entrepreneurs.
With a mission entrenched in fostering local talent and economic growth, Launchpad LA remains a beacon for startups in Southern California, ensuring that the next wave of innovative businesses has a solid foundation to build upon.
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