MuckerLab, a startup accelerator in Los Angeles, has raised a new seed fund, Mucker Capital. We hear the total amount of the fund is $20 to $25 million.
MuckerLab launched a few years ago as a three-month accelerator based in LA. The incubator provides provides selected startups with $21,000 in seed funding, plus the typical incubator benefits like shared office space, legal assistance, infrastructure and hosting, and, of course, mentorship from a network of advisors. The accelerator has helped launch 18 startups who have raised a combined $40 million in funding.
Mucker has two full-time founders, Erik Rannala, formerly of Harrison Metal, and William Hsu, the formers Chief Product Officer at AT&T Interactive; who will also run MucherCapital. The fund has already made a number of investments including Task Rabbit, menswear styling company Trunk Club, and in API marketplace Mashape.
According to the site, Mucker Capital will invest in seed and “pre-seed” stage companies both in and outside of LA. More venture money in the region is always good news for LA-based startups.
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