Launch House, a social space for creators and entrepreneurs, raised $3 Million in a seed funding round led by Flybridge Capital Partners along with the participation from Graph Ventures and Day One Ventures. 60 early Launch House community members and over 100 angel investors, such as Balaji Srinivasan, Mike Duboe, Alexia Bonatsos, also joined this round.
Founded in 2020 by Jacob Peters, Brett Goldstein, and Michael Houck, Launch House is a space built to bring leaders in the startup and entertainment ecosystems together. The company provides in-person and online programs that connect and support top entrepreneurs, assisting them to refine their skills and form lifelong relationships as a cohesive community. Launch House’s program is currently located in Los Angeles and New York City.
The Los Angeles-based startup runs eight cohorts of their signature Residency in a house in Beverly Hills, a four-week program designed to collaboratively solve the biggest challenges entrepreneurs facing in their business. Participants have to first pass a selective admission process and once admitted, they will live in the house for the duration of the program.
In the Residency’s season 2, a more targeted approach will be used as a theme. Members who participate in the program can access private events, future programs, and the Launch House social platform, a suite of tools built to bridge IRL with URL and connect Launch House members for life.
The latest funds will be used to fuel the development of season 2 and work towards doubling its community by expanding the physical Residency program to cities around the globe and launching a Virtual Residency.
Each Residency will automatically onboard participants to the Launch House community and provide access to an exclusive social network, digital and physical events, homes to stay in across the world, as well as a range of other services. To be part of the residency, potential participants have to partake in a competitive process with about 20 entrepreneurs selected per community program cohort.