House Capital is the new venture arm of Launch House, a startup incubator in Cleveland. House Capital will prioritize technology and healthcare firms in Cleveland and beyond for investment.
Launch House CEO stated that House Capital’s establishment was motivated by a need to assist the incubator’s portfolio firms further. With the availability of cash, “we have always been focused on helping our firms succeed,” Mitchell said. We’re excited to work with House Capital to invest strategically in companies we believe in and accelerate their growth.
The platform has previously offered its startups’ several benefits, such as access to shared office space, expert guidance, and introductions to other businesses in the area. House Capital was established so that the incubator could offer its founders access to additional finance, which is essential for the growth of many startups in the early stages of development.
Dave Gilbert, a veteran in the venture capital and private equity industries, will serve as Partner and Chief Investment Officer at House Capital. Gilbert is eager to apply his expertise in making profitable investments in the technology and healthcare industries to House Capital. Gilbert exclaimed, “I’m happy to be a part of this new endeavor.” The organization has a great history of helping new businesses get off the ground, and House Capital will help them reach the next level by giving them access to funding.
House Capital will attempt to make strategic investments in other early-stage entrepreneurs in the Cleveland area and beyond and invest in its own portfolio companies. Launch House’s venture arm will look for high-growth companies to fund and work closely with the startups it backs to ensure they have all they need to thrive.
House Capital’s introduction marks a significant step forward for Launch House and the greater Cleveland startup community. It’s a great way to show the incubator’s dedication to its portfolio companies and the success of their businesses, and it’ll be a boon to early-stage startups in the area by providing a critical funding mechanism.
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More about Launch House on https://www.coindesk.com/business/2022/07/26/startup-incubator-launch-house-debuts-10m-fund-with-web3-in-focus/