ProSky announced today that it raised a $2.3 million seed round led by Lightbank to further develop its product and invest in marketing.
500 Startups may be known for investing in hundreds of early stage companies every year, but it’s not one to walk away from those that need extra help.The firm piloted a program dedicated to helping startups manage growth and marketing in three cities around the world this year. Based on the results of this pilot, 500 Startups has opted to expand the program to more locations in 2016.
Accelerators focused on entrepreneurs from underrepresented groups, such as women and minorities, have begun to spring up across the tech industry. Above, an entrepreneur from the accelerator Startupbootcamp, which this month launched a program in Miami focused on entrepreneurs helping underserved communities with tech healthcare startups.
500 Startups has a thesis of investing in many startups, some that they consider “unsexy,” because they make money (most of the companies in this batch are already doing anywhere between $10k-$100k in revenue) *gasp*, and some that they know might not survive in the real world…but it’s worth giving it a shot.
500 Startups just graduated its fourteenth batch of companies from its accelerator in Mountain View, California. Co-founded in 2010 by investor Dave McClure, 500 Startups counts 3-D printing startup MakerBot, acquired by Stratasys, and social media marketing startup Wildfire, acquired by Google, as some of its most notablegraduates.