Fundings and Exits

Expa opens up Expa Labs giving companies $500K in funding

Startup studio Expa has today announced the close of a $100 million fund that will go toward both Expa Studios and Expa Labs, a new incubator.

Investors in the fund include Garrett Camp, TPG founder David Bonderman, Li Ka-Shing and Solina Chau, Google board member Ram Shriram, RIT Capital Partners, Virgin founder Sir Richard Branson, HP CEO Meg Whitman, Ace & Company, Kees Koolen and SV Angel.

Expa Labs will act as an incubator outside of the traditional Expa Studios model, with six applicants receiving six months of office space in either SF or NY, as well as $500,000 in funding.

Expa Studios espouses more of the traditional startup studio model, where founders are recruited and ideas are born in-house for new startups to work amidst other entrepreneurs and investors to create new products and services.

Expa Studios has already built companies like, which sold to Kickstarter, as well as Operator,, and Reserve. Expa Studios will continue on, with the studio blog mentioning that they have a few exciting new projects to unveil soon.

Meanwhile, Expa Labs will start accepting applications now, with selections to be announced by May 17.

You can learn more about Expa Labs here.

Source link

Products You May Like

Articles You May Like

DocuSign has filed confidentially for IPO
Dropbox prices above its original range at $21 as it heads toward an IPO
Instagram has unreleased ‘nametag’ scanning, adds # & @ links to profiles
God of War preview
Oculus Go: First hands-on impressions of Facebook’s $199 VR headset!

Leave a Reply

Your email address will not be published. Required fields are marked *