Launch House Announces $ 3M Seed Funding to Build IRL and URL Community for Founders and Creators | Business and finance

LOS ANGELES – (BUSINESS WIRE) – August 19, 2021–

Launch House, the multidimensional social space for the next generation of creators and founders, announces that it has raised $ 3 million in seed funding. Launch House brings together emerging leaders from the world of startups and entertainment to live in illustrious mansions around the world. Through in-person and online programs, individuals hone their skills, build lasting relationships, and create category-defining startups as a cohesive community.

“Launch House was born in response to the isolation and resulting lack of innovation, which many, including myself and my co-founders, felt during the Covid-19 pandemic,” Michael said. Houck, co-founder of Launch House. “I knew from my experience at Airbnb and Uber that creating collaborative IRL spaces leads to products that change society. “

After a viral moment on social media and a successful proof of concept in Tulum, the team found a home in Beverly Hills where they have since led eight cohorts of their signature residency, a four-week program designed to collaboratively resolve issues. biggest challenges facing their businesses. Prospective members must first pass a selective admission process, and once admitted, members live in the home for the duration of the program. In season 2, the residences will be thematic for an even more targeted approach. After residency, members have access to private events, future programs, and the Launch House social platform – a bespoke suite of tools linking IRL to URL and connecting Launch House members for life. .

“The environment is designed to create serendipity that stimulates innovation and a deep connection,” adds Jacob Peters, co-founder of Launch House. “Launch House is a collaborative springboard to unleash the potential that can only be achieved by combining creative and cultural minds. “

Flybridge Capital Partners led the round and was joined by Day One Ventures and Graph Ventures, along with over 100 angel investors, including Balaji Srinivasan, Alexia Bonatsos, Mike Duboe and 60 top members of the Launch House community.

With the funding, Launch House plans to double its community with Season 2, which includes expanding the physical residency program to cities around the world and launching a virtual residency. Each residence serves as an automatic integration into the Launch House community, where members have access to an exclusive social network, digital and physical events, accommodations around the world, and a range of large-scale services.

“The first iteration of Launch House in Tulum was made up largely of individuals who had never connected except online,” said Brett Goldstein, co-founder of Launch House. “Our virtual residence is a natural next step for us. We stay true to our roots while making the experience accessible to incredible founders around the world.

In the short time since its inception, Launch House has seen its community of founders raise capital from top VCs like a16z, Sequoia and YC, launch viral products, and grow its audience with millions of users. Launch House Creators commands audiences totaling over 100 million.

Applications for Season 2 are open now and selected members will be accepted as the fall progresses. The first cohorts of Season 2 will begin on September 15, 2021. To view the qualifications and apply, visit launchhouse.co.

Launch House is a community designed to connect and support the world’s most ambitious entrepreneurs and creators. Through multidimensional physical and virtual community spaces, Launch House is a house of literal and metaphorical creation where collaboration and learning take place. Inspired by the experience of an elite university, Launch House is an ivy league institution built for the internet age.

Selection for the community is done through a competitive process, with approximately 20 members selected per community program cohort. Launch House currently has locations in Los Angeles, New York and coming online soon.

Co-founders Jacob Peters (Ex. Co-founder of Commsor), Michael Houck (Ex. Uber and AirBnB) and Brett Goldstein (Ex. Google M&A) launched Launch House in 2020 in response to the isolation felt during the Covid-pandemic. 19.

Bristol Jones |[email protected]

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PUB: 08/19/2021 9:00 a.m. / DISC: 08/19/2021 9:02 a.m.

Copyright Business Wire 2021.

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