Launch House, a multidimensional social space for the next generation of creators and founders, raised $3m in seed funding.
Flybridge Capital Partners led the round and was joined by Day One Ventures and Graph Ventures, along with more than 100 angel investors including Balaji Srinivasan, Alexia Bonatsos, Mike Duboe, and 60 early Launch House community members.
Co-founded in 2020 by Brett Goldstein, Michael Houck and Jacob Peters, Launch House brings together emerging leaders in the startup and entertainment worlds to live in illustrious mansions around the world. Through in-person and online programs, individuals refine their skills, form lifelong relationships, and build startups as a cohesive community.
Following a viral social media moment and a proof-of-concept in Tulum, the team found a house in Beverly Hills where they have since run eight cohorts of their signature Residency, a four-week program designed to collaboratively solve the biggest challenges facing their businesses. Potential members must first pass a selective admission process, and once admitted, members live in the house for the program’s duration.
In Season 2, the Residencies will be themed for an even more targeted approach. Post-residency, members have access to private events, future programs, and the Launch House social platform – a custom-built suite of tools bridging IRL with URL and connecting Launch House members for life.
The company intends to use the funds to double-down on its community with Season 2, which includes the expansion of the physical Residency program to cities around the globe and launching a Virtual Residency.
Each Residency serves as an automatic onboarding to the Launch House community, where members get access to an exclusive social network, digital and physical events, homes to stay in around the world, and an array of services to scale.
Applications for Season 2 are open now and selected members will be accepted on a rolling basis throughout the Fall. The first cohorts of Season 2 will begin on September 15th, 2021.
Selection for the community is through a competitive process, with about 20 members selected per community program cohort. Launch House currently has locations in Los Angeles, New York City, and soon online.
FinSMEs
20/08/2021