Live-In Accelerator Launch House Is Raising a $10 Million Fund
Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.
![Live-In Accelerator Launch House Is Raising a $10 Million Fund](https://dot.la/media-library/launch-house-accelerator-plans-to-expand-its-dorm-like-approach-to-new-york-and-beyond.jpg?id=27619625&width=2000&height=1500&quality=85&coordinates=0%2C0%2C0%2C0)
The company revealed its plans in a regulatory filing with the Securities and Exchange Commission, but has yet to disclose any actual money raised for the fund. Axios first reported the news.
Unlike the famed Hype House—where a collective of social media influencers cram into a single space to collaborate on content—Launch House charges entrepreneurs and engineers for month-long stays and access to its community. The cost of joining reportedly ranges between $4,000 and $5,500.
The Los Angeles-based company was founded during the pandemic and secured $3 million in August to expand to New York as well as online, in part via the video-chat platform Gather. Launch House came under scrutiny last year after a “wild party” reportedly led to a coronavirus outbreak.
The company did not immediately respond to a request for comment on its plans.
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Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.