muckerlab

MuckerLab Launches New $20 Million Seed Fund

Next Story

Facebook Opens Up LGBTQ-Friendly Gender Identity And Pronoun Options

MuckerLab, a startup accelerator in Los Angeles, has raised a new seed fund, Mucker Capital. We hear the total amount of the fund is $20 million to $25 million.

MuckerLab launched a few years ago as a three-month accelerator based in L.A. The incubator provides selected startups with $21,000 in seed funding, plus the typical incubator benefits like shared office space, legal assistance, infrastructure and hosting, and mentorship from a network of advisers. The accelerator has helped launch 18 startups who have raised a combined $40 million in funding.

Mucker has two full-time founders, Erik Rannala, formerly of Harrison Metal, and William Hsu, the former chief product officer at AT&T Interactive who will also run Mucker Capital. The fund has already made a number of investments, including TaskRabbit, menswear styling company Trunk Club, and API marketplace Mashape.

According to the site, Mucker Capital will invest in seed and “pre-seed” stage companies both in and outside of L.A.