Originally published on Techstars LA on March 21, 2022
In recent years, Techstars Los Angeles managing director Matt Kozlov has witnessed local investors pour more and more capital into healthcare startups across the region. It’s this sector—not entertainment or the creator economy—that he hopes to spotlight through the startup incubator’s next accelerator program.
Health care, after all, is a difficult market for startups to break into “if you don’t have the support of the large institutional players,” said Kozlov, who helped Cedars-Sinai Medical Center launch a health-tech accelerator in partnership with Techstars several years ago.
On Monday, Techstars L.A. officially unveiled its spring 2022 accelerator class—and in line with Kozlov’s belief in the health-tech space’s massive potential, five of the 12 companies involved are developing digital health tools.
The 13-week program will bring early- to mid-stage startups from places as far-flung as London, Singapore, and Mauritius to the accelerator’s new offices in Culver City. After meeting with some 250 mentors and potential investors in the Techstars community, the founders will select a core group of “board members” to help them prepare for a demo day where they’ll ideally secure investor capital.
The program offers each startup a $20,000 investment from Techstars L.A. in exchange for a 6% equity stake in their company. By the time it wraps, some founders will have already started fundraising; two companies in the spring 2022 cohort have already closed funding rounds since being accepted, Kozlov noted.
Beyond digital health, the founders selected for the spring class are building hybrid rockets, SaaS companies, proptech applications, and services for e-commerce and retail enablement. Kozlov hinted that the accelerator’s next cohort, slated to start in September, will center around Southern California’s booming aerospace industry.
Here are the startups in Techstars L.A.’s Spring 2022 Class:
Aware Health partners with employers to provide their employees with muscle, nerve, and joint pain care.
Bean is a marketplace and workflow management platform for accounting services.
Equatorial Space develops hybrid-engine rockets designed to make space launch more affordable.
E-commerce retailers can integrate GoFlyy’s platform to support customers making on-demand deliveries and returns.
Hormona is a digital health startup offering at-home hormone testing and a hormone management platform for women.
Max Retail (formerly SwapRetail) helps independent retailers and brands sell unsold inventory through a market network that includes B2B, B2C, and liquidation channels.
Mind-Easy partners with employers to provide their workforce with culturally sensitive mental health resources.
Modal Living designs, manufactures, and installs modular backyard dwellings and offices.
Next-Generation Quantum is a quantum computing hardware and programming company.
Pear Suite’s cloud-based platform assesses “social drivers of health” for older adults.
Rwazi is a data services company providing organizations with on-ground data on products, services, and activities from Africa.
SQUID iQ is a SaaS company offering hospitals a healthcare technology management platform for medical devices.
Originally published in Techstars LA