Meet the newest AngelPad startups, and the tech they built to cure business headaches
Image Credits: Carine Magescas / Carine Magescas under a license. (Image has been modified)
Yesterday in San Francisco, AngelPad held its 10th Demo Day, a graduation of sorts for the enterprise startups admitted into and backed by the accelerator.
The accelerator, run by husband and wife team Thomas Korte and Carine Magescas, has realized at least one solid exit already in the adtech startup MoPub, which sold to Twitter for $350 million in stock in the fall of 2013.
Companies that have raised significant rounds of venture funding after completing the AngelPad bootcamp include: Postmates, the delivery service; Apteligent (formerly known as Crittercism), which provides app analytics, including crash reports, to developers and brands; and Vungle, which lets app makers put video ads in their apps to monetize them.
Although AngelPad is known for funding notable marketing and adtech startups, companies in its latest batch ranged widely, including hardware makers, pure guts-of-the-internet tech companies and marketplaces that serve both consumers and corporations.
Six-year-old AngelPad is smaller than peer accelerators and seed funds like 500 Startups, TechStars or Y Combinator, making it something like the elite, small college versus their large state schools and universities.
It only admits 12 companies per batch. The program takes place in New York, but startups travel to San Francisco for a Demo Day and networking with Silicon Valley investors.
AngelPad typically invests $60,000 in seed funding into each company in its program for 7 percent of common stock. Korte said, “We are always changing our funding formula.” Every company in a cohort has exactly the same terms, however.
Here’s a list of all the startups in the newest batch, listed in the order that they presented before investors at the Demo Day.