NEED A BREAK(THROUGH)? Boston-based edtech accelerator, LearnLaunch is offering a new program, Breakthrough, geared at helping pre-Series A and international startups prepare for the fundraising process. LearnLaunch itself will not offer any cash or funding—but will take 2 to 4 percent in equity in return.
This remote and on-site program, which promises a “condensed version of LearnLaunch Accelerator’s traditional accelerator experience,” will run from April 19 to May 13. Participants will then have roughly three weeks to prepare for a Demo Day Week from June 6 to 10. Applications are open until 5pm EST on January 31; up to six teams will be selected by March.
This announcement comes shortly before the fourth class in the LearnLaunchX Accelerator (the three-month program that comes with $18K in funding) is set to graduate with on January 20. By then, 26 startups will have gone through the program since it began in 2013.
A LearnLaunch representative said that 18 of the 19 graduates have received follow-on funding, but declined to disclose the total amount. Of the several LearnLaunch startups that have publicly announced raising venture capital, all rounds were under a million dollars. (LearnLaunchX did raise a little over $1 million a year ago, however.)