I’m beyond excited to share the ten companies that will be part of the third Techstars Los Angeles Accelerator—the class of 2019—which kicks off today and concludes with a Demo Day on October 15, 2019.
Continuing our LA ecosystem investment focus, eight of the ten companies selected for this year’s class are based in the greater LA area. During our selection process, we met with hundreds of Southern California based startups and were incredibly impressed by the quality of the companies we spoke with. The momentum of our local SoCal ecosystem is really outstanding.
Our 10 companies are solving for issues across a variety of categories with five companies touching the payments or financial transaction space, a trust-based social network for women, the leading P2P motorcycle sharing marketplace, a mental health platform for kids, and the creator of delicious Sichuan chili crisp. Oh, and a team that drops packages out of planes so you can get your chili crisp in remote Alaska.
The Techstars LA 2019 selected class also represents our commitment to investing in diverse teams, with 80% of the companies being led by founders who come from underrepresented communities, including six female CEOs.
As in past years we have founders from both USC and UCLA, and companies that have graduated from local programs Grid110 and Make in LA. Particular thanks to mentors and investors who referred companies we’ve accepted this year: Elaine Russell, David Waxman, Ivan Nikkhoo, Miki Reynolds and Techstars Boston Managing Director Clement Cazalot.
The ten new companies are joining the 20 Techstars LA alums who have gone on to cross meaningful growth milestones and attract significant follow on capital—with all 20 companies in the portfolio raising additional capital post-program, a total of $65mm raised.
Thank you to our sponsors, partners, mentors, and Techstars alumni who help to make Techstars LA successful. Please join me in welcoming the Techstars LA Class of 2019!
AlgoPay is transforming financial access in the Middle East with the region’s first P2P transfer network designed for the unbanked.
DASH Systems is an aerial logistics company directly connecting cargo airplanes to customers by landing the package not the airplane.
Fabrica is on a mission to make buying and selling real estate easy by combining cutting edge technology with established legal tools to create solutions that empower property owners.
findSisterhood is an anonymous social network for people identifying as women to share stories and ask questions, creating a safe and judgement-free space.
Finli empowers friends and family to contribute directly to child-related expenses like tuition, after-school care, and camp with ease and transparency.
Fly by Jing brings diversity to the landscape of healthy eating in America by making deeply flavorful, all-natural Chinese food products convenient and accessible to all.
Liquid reimagines traditional HR and finance software solutions for the liquid workforce. Use Liquid to streamline the way you onboard, manage, and pay freelancers, contractors, and vendors.
LunarCRUSH leverages artificial intelligence and machine learning to analyze cryptocurrency-focused social trends, search behaviors, and news to deliver real-time insights to investors.
Manatee empowers families raising children with behavioral or developmental disorders to democratize mental health care and streamline communication. Manatee uses AI and cognitive behavioral therapy (CBT) methods to gamify treatment and track progress.
Riders Share is the first U.S. peer-to-peer motorcycle rental and sharing marketplace.