Fortify has developed a program to accelerate teams by providing guidance and education on topics such as product design, hiring, product-market fit, gaining traction, and fundraising.
Washington, DC (PRWEB) February 11, 2013
Fortify Ventures is proud to announce the new class of startups to enter its 20-week accelerator program.
Each startup will receive $25,000 in initial funding, and take part in a program designed to grow their business, raise capital, and develop meaningful relationships with mentors, strategic partners and customers.
“In their first week, the entrepreneurs are fully engaged with mentors, and are benefiting from the experience and wisdom of speakers from startups throughout the country,” said Carla Valdes, General Partner of Fortify Ventures. Fortify has developed a program to accelerate teams by providing guidance and education on topics such as product design, hiring, product-market fit, gaining traction, and fundraising.
“Our previous class was successful fundraising during the program and since Investor Day (Demo Day) with an impressive aggregate of $5 Million raised,” said Jonathon Perrelli, Managing Director of Fortify Ventures. “We’re excited to build on this and provide an unmatched experience and accelerated growth for the Spring participants.”
Graduation / Investor Day for the current class is scheduled for May 23, 2013.
Fortify Ventures has also relocated its office, referred to as “The Fort,” and has become an anchor tenant in DC’s newest tech campus 1776. “Being part of a diverse entrepreneurship community and supporting the tech ecosystem has always been a core goal of Fortify and we are excited to make this symbolic alignment as the 1776 initiative and campus develops,” said Perrelli.
The startups/companies that are participating in Fortify’s Spring 2013 class are:
LegCyte (DC) leverages technology to make legislation easier to understand. http://www.LegCyte.com
RidePost (DC) is an online marketplace connecting drivers and riders for safe & social ridesharing. http://www.RidePost.com
SnobSwap (DC and San Francisco) is an evolved marketplace where fashion lovers can swap, sell, or buy coveted pre-loved designer clothing and accessories. http://www.snobswap.com
TrendPo (San Francisco) analyzes the political world daily using news, sentiment, and social metrics. http://www.trendpo.com
The Trip Tribe (DC) has cracked the code on how travelers can have the experience of a lifetime. http://www.thetriptribe.com
“We are very excited about the new accelerator class companies. They are incredibly diverse in their focus areas. From political technology to fashion technology to innovative travel platforms these companies are creating cutting-edge solutions that address significant challenges and limitations today,” said Simon Rakoff, General Partner. “We’ve just completed the first week of the 20 week accelerator program and I have already gotten calls from other investors asking how they can get into some of these companies. That’s a good sign of what’s to come.”
About Fortify Ventures
Fortify Ventures is a seed and early stage venture fund, founded and managed by serial entrepreneurs and experienced angel investors. The “Founders Funding Founders” theme reflects their mission to serve as a founder-friendly fund. Fortify invests in talent-rich technology markets with a focus on product companies in cyber-security, educational technology, mobile commerce, social platforms, educational and medical IT, and enterprise software. Fortify supports great product teams, in large or high-growth sectors. The partners and mentors actively participate with portfolio companies to develop sound strategies, grow intelligently, and facilitate follow-on funding or clear exits. More information can be found online at Fortify.vc.