Launch House

Launch House is a nonprofit technology and entrepreneurship hub supporting entrepreneurs and startups. It has provided resources for founding and growing new companies for the past years through its coworking space, community engagement, and programs. It has helped over 100 businesses raise more than $20 million in funding. In 2019, It began working directly with experienced entrepreneurs to launch its venture fund, House Capital Fund. It offers mentorship, business development resources, and access to investors to help companies grow.

House Capital

House Capital is a seed capital fund led by experienced investors who have experience both as entrepreneurs and early-stage investors. House Capital invests in early-stage technology companies in Northeast Ohio with a preference for consumer tech, healthcare IT, and other enterprise technology that can be sold through an existing channel or distribution network.

The Goal of the Fund

The fund is designed to support underrepresented founders and entrepreneurs. It will help diversify the startup ecosystem by attracting a more diverse set of founders, investors, and other players. The fund also supports inclusive economic development in the region by investing in startups with women and minority founders or employees.

What is a venture arm?

A venture arm is a business that invests in other companies. The term venture arm is typically used to describe a company that an existing corporation has created to invest in startups. A venture arm can be used as a growth tool or a way for an established company to acquire new businesses outside its core business and expand more quickly.

Launch House is a technology incubator that provides businesses with pro bono office space, business coaches, and early-stage capital. It’s like a venture arm for startups, except instead of giving you money upfront, they give you the resources to grow your business at no cost and then invest in it when it’s time to raise funding from outside investors.

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More about Launch House on https://labusinessjournal.com/technology/launch-house-announces-a-venture-arm/