MuckerLab, the up-and-coming L.A.-based accelerator program is hosting its demo day for the 10 portfolio companies in its winter class today. In addition, the accelerator just announced that its last class, which graduated almost exactly a year ago, has raised over $15 million so far and that it has partnered with AngelList to accept applications for its future classes.
MuckerLab provides the companies in its 3-6 month program with $21,000 in cash, office space, technical and fundraising support, as well as access to its mentor network.
The MuckerLab team is obviously bullish about L.A. as a host for new startups. As MuckerLab co-founder Erik Rannala notes in today’s announcement, “Los Angeles continues to produce a large number of quality and disruptive firms and is quickly becoming a hub of real innovation. We look forward to presenting these companies to a distinguished group of investors who are eagerly searching for the next big market opportunity.” According to Startup Genome, L.A. now ranks right behind Silicon Valley and Tel Aviv – and ahead of Seattle, New York and Boston – as one of the most attractive cities to launch a new company.
This is MuckerLab’s second demo day. Its first cohort, which included a very diverse group of companies like Instacanvas, the smart credit card Walla.by, and all-you-can-fly membership Surf Air, the group tells me, has raised over $15 million to date. The investors in this company include well-known VC firms like Greylock Partners, New Enterprise Associates (NEA), Founders Fund, First Round Capital, Bullpen Capital, Mohr Davidow Ventures (MDV), Lightbank and Anthem Venture Partners.
MuckerLab is a mentorship-driven startup accelerator focused on serving Internet software, services and media entrepreneurs in Los Angeles and broader Southern California. MuckerLab aims to accelerate the growth of the overall technology ecosystem in Los Angeles by filling a critical gap currently in the market for start-ups at the earliest stages – resources, infrastructure, capital and guidance. Our partners and mentors work side-by-side with the region’s best entrepreneurs, enabling them to build, launch, and raise financing for exceptional businesses....