We are thrilled to announce Techstars Class 139 – the ten companies that will be joining Techstars LA for the 2018 program, which kicks off today and concludes in October.
The new class will follow in the footsteps of the Techstars LA class of 2017, which raised a collective $13mm following Techstars and have created over 50 new jobs in the LA area. 2017 alums include local companies Stackin, Slingshot Aerospace, Directech Labs, Heartbeat, Playfull, Blue Fever and Avisare, as well as SF based Liv and Columbus based PopCom.
Continuing our LA ecosystem investment focus, eight of the ten 2018 companies selected are based in the greater LA area. We’ve been impressed by the breadth and depth of talent in the thriving local startup ecosystem. All told, we met with over 400 companies, over half of them local to southern California.
In furtherance of our commitment to investing in diverse teams, 60% of the companies in the 2018 class are led by CEOs from underrepresented communities. At the company level, every company in the class has women or other underrepresented individuals on the team. Business model themes are marketplace, e-commerce and B2B SaaS, and these companies are building businesses in sectors from digital security to handmade men’s shoes.
While their businesses and backgrounds are diverse, what we looked for in the founders was a common set of traits: growth mindset, determination, humility, and passion. These are leaders that have inspired us to share their vision and we are thrilled to have the opportunity to help them accelerate. We’re confident these founders will embrace the program theme of “personal growth drives company growth” and look forward to digging in with them and our amazing mentor pool.
We received a large number of referrals this year and would like to thank Kara Weber, Gabe Greenbaum, Tami Holzman, Alex Rubalcava, Jenny Fielding, Devin Dixon and Kara Dake for referring companies that will be joining Techstars. We’d also like to thank all the Techstars alumni, particularly the Techstars LA class of 2017, for being great ambassadors and supporters of the program. Many others contributed to our recruiting process and we are very grateful to you all.
And here are the companies of Techstars LA 2018!