Attention B2B software start-ups! Could you use some funding along with mentoring and expert help?
LogicBoost Labs wants to hear from you.
PBO Advisory Group’s client, LogicBoost Labs, is accepting applications until June 30, 2021 for its unique partnership program. If selected, your start-up could receive up to $150,000 in an investment package plus extensive mentoring and support. The San Diego-based accelerator invests in and helps grow business-to-business, software-as-a-service companies.
In exchange for equity, LogicBoost Labs partners with start-ups to help them succeed. LogicBoost Labs’ in-house team of sales, marketing, customer success, and engineering professionals assist the portfolio companies to reach a goal of $1 million in annual recurring revenue.
LogicBoost Labs is the brainchild of founder and CEO Jonathan Cogley, a serial entrepreneur with several successful ventures including the cybersecurity company Thycotic. When he sold Thycotic in 2017, Jonathan decided to pursue his self-professed “entrepreneurial tendencies” by working with incubators and mentoring start-ups. In addition to his coaching, which helped companies avoid the same mistakes he made, Jonathan realized that they also needed money, so he became an angel investor.
In 2019, he started LogicBoost Labs to incorporate both funding and mentoring into one entity. Additionally, he brought along with him some of his key team members from Thycotic. To date, the company has brought three companies into its portfolio and all are successful – quite a feat when the vast majority of start-ups fail. A fourth portfolio company also recently joined. You can read about LogicBoost Labs’ successful portfolio companies here.
And you could be the next success story. According to Jonathan, the accelerator is looking for start-ups that have a business-to-business software technology product that is sellable and are pre-revenue or early revenue. The founder(s) should have industry and business experience and be fulltime. Jonathan and his team spend a good amount of time vetting the applicants, choosing one, or perhaps two, companies per quarter. Interested start-ups can apply here.
LogicBoost Labs is also a great source of information for all entrepreneurs and start-ups. The company’s “The Boost” blog provides educational insights for anyone looking to start or grow a business.
PBO Advisory Group is proud to work with LogicBoost Labs by providing fractional CFO services.
For more information, please contact Francesca San Diego.