Description
Launchpad LA is a startup accelerator and seed funding platform based in Santa Monica, California, historically known as one of Southern California’s most prominent accelerator programs. It was originally founded in 2009 as a mentorship group and evolved into a formal accelerator that provides capital, mentorship, workspace, and investor network access to early-stage technology companies.
Specific Funding Stage
Pre-Seed / Seed (Primary Focus)
- Launchpad LA focuses on early-stage ventures, especially pre-seed and seed stage technology startups.
- It operates as an accelerator + seed fund, participating in early financing rounds and helping founders refine their go-to-market and investment strategies.
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Portfolio evidence shows involvement in seed and early institutional stages before founders raise larger rounds with outside investors.
Investment Amount and Percentage Equity (Company-Level)
Typical Funding Terms
- Launchpad LA has historically invested between ~$25,000 and ~$100,000 per startup as part of its accelerator terms, including free office space in Santa Monica and access to mentors and investors.
- According to third-party accelerator data, Launchpad LA often takes around ~6% equity in exchange for its initial capital (e.g., first ~$50K), with terms for a second ~$50K structured via convertible instruments (notes with caps).
Equity Taken
- Launchpad LA does take equity in portfolio companies as part of its seed funding/accelerator investment — equity terms are negotiated per deal rather than a flat published model across every deal.
Equity Structure
- Investments include common stock equity for initial checks and convertible securities (e.g., notes) for subsequent capital commitments.
- Equity percentages vary based on the funding tranche, negotiated valuation caps, and company stage at entry.
- Since Launchpad LA functions as both an accelerator and seed fund, terms resemble early institutional VC involvement more than non-equity pre-accelerator arrangements.
Application / Submission Method
How to Apply
- Founders can apply through the Launchpad LA official website during open cycles to be considered for accelerator admission and funding.
- Startups typically provide a pitch deck, team details, traction, and vision, and go through an evaluation process with Launchpad LA partners.
Interaction Model
- Selected companies join the accelerator cohort, receive capital, workspace, regular mentorship sessions, strategic guidance, and introductions to investors and advisors.
Process
Application Announcement: Launchpad LA opens applications for its next cohort.
Founder Submission: Teams submit business details, deck, and traction.
Review & Selection: Partners evaluate fit, stage readiness, and potential impact.
Term Negotiation & Onboarding: Accepted founders agree on investment terms and accelerator engagement.
Acceleration & Growth: Companies receive capital, mentorship, workspace, and ecosystem introductions.
Demo & Demo Day (if applicable): Cohort culmination includes investor demos and broader visibility events (common in accelerators but varies by cycle).
What an Applicant can Obtain
Capital & Equity Investment
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Seed funding ($25K–$100K+) with associated negotiated equity stakes (e.g., ~6% for initial check).
Mentorship & Growth Support
- Access to experienced mentors, advisors, and strategic guidance tailored to early-stage scaling.
Workspace & Resources
- Free office space in Santa Monica near the beach during the accelerator period.
Network & Investor Access
- Introductions and access to an extensive network of investors, angels, and strategic partners in the Southern California ecosystem.
Alumni Successes
- Launchpad LA has historically supported startups that went on to raise significant follow-on capital and achieve exits, including companies like Connectifier, Prevoty, ChowNow, Pathmatics, Tradesy, and others.