ST. LOUIS — Capital Innovators on Thursday unveiled a group of startups that will participate in the firm’s twentieth accelerator program, which will take place this fall.
Twice a year, the accelerator program provides a group of startups with 12 weeks of mentoring and co-working space in the Cortex Innovation Community. Each startup receives $50,000 in seed funding.
Two of the six startups are local to St. Louis, two are from New York City and two are international.
Capital Innovators also on Thursday announced a new product called “Startup Sourcing.” The product connects mid-market and enterprise companies with pre-vetted startups around the world that can help with specific problems.
Capital Innovators has deployed over $12 million to startups since 2011, the firm said Thursday. These companies have gone on to raise more than $330 million in follow-on funding.
- AdStash, of Toronto, helps businesses monetize digital advertisements.
- Kwema, of Mexico City, offers wearable devices that connect people in physical danger with immediate help.
- NATIVE AgTech, a New York City-based company, provides cloud-based technology for the agriculture industry. Its machine learning engine forecasts crop yields, qualities and market values.
- Outside 360, a St. Louis-based company, helps outdoor enthusiasts connect with adventure providers and recreation opportunities. It is like Airbnb, but for the outdoor market.
- Round2, of New York City, offers a mobile app that helps athletes find affordable gear.
- SpenDebt, of St. Louis, helps consumers to pay off debt through micropayments. The company, which was started in Texas, received an ArchGrant last year.