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techstars

Happy Monday!

Our friends at Techstars LA are welcoming 12 new companies to their Fall 2023 accelerator program, and they were kind enough to give dot.LA a first look. Read on for more!

Techstars LA, run by the indomitable Matt Kozlov, is the local chapter, run in partnership with J.P. Morgan. According to its website, Techstars LA is “open to founders of any and all backgrounds, with a focus on Black, Hispanic and Latino, Indigenous American, and Pacific Islander entrepreneurs building startups in healthcare, wellness, B2B SaaS, Deep Tech, Energy, Robotics, FinTech, Mobility, Logistics, LegalTech, Education, CPG, and Climate Tech.”

Some stats on the 12-company cohort:

🤖 AI: The hottest tech sector and buzzword of the day is either in the domain name or description of 4 companies.

🌴 LA: Only 3 companies in the cohort have a Los Angeles HQ. The rest hail from all over the world, from Mexico to the UK to Virginia.

👩💼 B2B: It’s a B2B heavy crew, with 11 companies selling to business customers. Only one, whipped frozen yogurt brand Sweetkiwi, sells to consumers.

The full list of companies is below, but first, have you seen our new referral program?

Full Techstars Fall 2023 Cohort

See below for all 12 companies in Techstars LA this fall.

🛍 Cohere

HQ: Pasadena, CA CEO: Mike ChenEmail:mike@thecohere.com

Sector: B2B Software

Description: An AI-powered retail insights platform for brand growth and product discovery. Cohere connects retailers with latest consumer brands through authentic buyer reviews and insights.

Fundraising: Opening up a pre-seed round in Q4

🛠 Diagon

HQ: Alameda, CA CEO: Will DreweryEmail:will@diagon.ai

Sector: B2B Software, Marketplace

Description: For manufacturers that need manufacturing equipment, Diagon offers a robust marketplace to discover and procure manufacturing equipment at discounted pricing.

Fundraising: Raised an $800k pre-seed

💸 Efektiva

HQ: Guadalajara, Jalisco, Mexico CEO: Pablo Robles Watanabe Email:probles@efektiva.mx

Sector: Fintech, B2B Software

Description: Efektiva is a B2B BNPL solution that lets companies pay suppliers on their own terms without the need for a corporate credit card.

Fundraising: Raised a $700k pre-seed

👩🍳 inlike

HQ: Los Angeles, CA CEO: Dan BoteroEmail:dan@inlike.ai

Sector: B2B Software

Description: A no-code platform for restaurants to integrate AI into their workflow to optimize staff and inventory management.

Fundraising: Currently raising a $1.5m pre-seed

✈️ IONA

HQ: Cranfield, Bedfordshire, UK CEO: Etienne LouvetEmail:etienne.louvet@ionadrones.com

Sector: Aerospace

Description: IONA develops zero-emission autonomous drone solutions for sustainable and efficient logistics in low population density areas.

Fundraising: Currently raising a $3m+ pre-seed

👓 Kilsar

HQ: Virginia Beach, VA CEO: Brendan LawlorEmail:brendan@kilsar.com

Sector: Hardware, B2B Software

Description: Kilsar provides a suite of software and hardware solutions that enable real-time intelligence, multi-channel communication, augmented reality (AR), and digital tooling capabilities for teams and workforces.

🏥 Kinometrix

HQ: Fort Belvoir, VA CEO: Devina DesaiEmail: devina@kinometrix.com

Sector: Healthcare, B2B Software

Description: For hospitals that struggle to identify patients at risk for hospital acquired conditions, Kinometrix provides a patient safety platform that uses electronic health record data and machine learning to predict patient harm accurately and in real-time.

Fundraising: Currently raising a $1.4m seed round

🤑 Linker Finance

HQ: Los Angeles, CA CEO: Jorge Garcia Email:jorge@linkerfinance.com

Sector: Fintech, B2B Software

Description: Linker Finance is a cost-effective turnkey solution and low-code platform that enables brands to launch their custom FinTech app in weeks.

🚁 Moya Aero

HQ: São José dos Campos, São Paulo, Brazil CEO: Alexandre ZaramelaEmail:alexandre.zaramella@acs-solutions.com.br

Sector: Aerospace

Description: Moya develops high-capacity, all-electric, autonomous unmanned aerial vehicles with vertical take-off capabilities (eVTOL) for cargo transport and crop dusting.

Fundraising: Has raised $2.8m in funding

🍦 Sweetkiwi

HQ: Washington, DC CEO: Ehime Eigbe Email:ehime@sweetkiwi.com

Sector: Food/Bev

Description: For health-conscious consumers, families, and fitness enthusiasts seeking a delicious and healthy dessert option, Sweetkiwi offers whipped frozen greek yogurt that's tasty and packed with protein, probiotics, and superfoods to support well-being.

🤳 Textual

HQ: Boise, ID CEO: Blu AtwoodEmail:blu@textual.com

Sector: B2B Software, Ecommerce

Description: Textual builds Text-to-Buy programs that allow customers to buy their favorite products via text message without entering a credit card. This enables Fortune 1000 brands to sell more inventory DTC, increase customer retention, and expand their share of mobile commerce.

Fundraising: Previously raised $300k

🩺 Vital Audio

HQ: Brooklyn, NY CEO: Nyamitse-Calvin MahindaEmail:nyamitse@vitalaudio.io

Sector: Healthcare, B2B Software

Description: A subscription-based and device-agnostic voice AI software for patient monitoring and patient screening to help telehealth Primary Care Physicians to assess severity of atrial fibrillation and heart failure remotely to reduce 10% readmissions rates.

Fundraising: Previously raised $215k in non-dilutive funding

Courtesy of Techstars

Earlier this month, Techstars announced that their 2023 accelerator program will have two simultaneous cohorts–Techstars health care and L.A. As previously reported on dot.LA, Techstars has brought on board returning partners Cedars Sinai, United Healthcare, along with new partners that include UCI Health and Point32Health for its health care cohort.

“For our healthcare program, this is the first time we've had multiple partners as sponsors,” Managing Director Matt Kozlov said. “This allows us to support and mentor a wider diversity of companies than we've been able to help historically.”

The in-person program is taking place in Los Angeles and two out of the twelve companies accepted into the health care program are based in Southern California.

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Andria Moore

On Wednesday, Techstars’ fall 2022 class gathered in Downtown Los Angeles to pitch their products to potential investors in hopes of securing their next big funding round. dot.LA co-sponsored the demo day presentation alongside Venice-based space news website Payload.

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