San Diego Business Journal

LogicBoost Labs becomes San Diego’s latest startup accelerator

FINANCE: Firm Becomes San Diego's Latest Startup Accelerator

By FRED GRIER

LogicBoost Labs, a new startup accelerator in San Diego has been busy throughout the pandemic and aims to invest fresh capital into local startups.

Founded 2019, by software entrepreneur Jonathan Cogley. LogicBoost Labs provides mentoring, guidance, investment and coaching to business-to-business software startups. “Our mission is to help take a startup from pre-revenue all the way to 1 million annual recurring revenue,” said Cogley. “Ideally, our companies graduate and they no longer need as much help from us, allowing us to take on another startup to come into the program.”

Investing Up to $300,000

The accelerator writes checks between $150,000 and $300,000 for its portfolio startups, then helps the companies grow from zero revenue to a profitable venture.

Cogley said the firm is looking for business-to-business, software-as-a-service companies that are still pre-revenue or early revenue. The goal of LogicBoost is to get its portfolio companies to $1 million in annual recurring revenue. LogicBoost offers its companies access to in-house staffers in sales, marketing, customer success, and engineering.

TABLE OF CONTENTS

en-us

2021-05-17T07:00:00.0000000Z

2021-05-17T07:00:00.0000000Z

https://sdbusinessjournal.pressreader.com/article/282243783481757

LABJ