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.