To accommodate this growth, Stubbs Alderton & Markiles’ accelerator, The Preccelerator, is moving to expand its coworking space for companies in Santa Monica.
LOS ANGELES, Calif., August 6, 2018 (Newswire.com) – The Preccelerator® Program, a Santa Monica, California-based early-stage startup accelerator focused on digital media and technology companies, announced today that it is moving its Santa Monica offices as a result of its growth as it adds its milestone tenth class of companies featuring six innovative startups including AlgoPay, CheckPlis, HaloLoop, Screen Door Labs, Star Metrics and UNOMI.
The new Preccelerator office, located at 1316 3rd Street Promenade Suite 107, both increases the co-working space for the in-house companies and increases event space. The Preccelerator strategically remains in the heart of Santa Monica to provide a technology hub that is close to many valuable educational and networking events, tech culture and other resources to facilitate their growth. The expansion also demonstrates the continued commitment to the Los Angeles tech community that Stubbs Alderton & Markiles, LLP is well known for. To celebrate the tenth class milestone and new office, the Preccelerator will host an open house in September.
In 2012 Stubbs Alderton & Markiles launched the first-of-its-kind Preccelerator® Program to provide select start-ups with co-working space, mentorship, sophisticated legal services, curriculum and access to a strategic perks portfolio with the objective of helping grow a founder’s idea from business concept to a funded company. Over the past six years, 37 companies have graduated the Program, of which 26 have received funding totaling over $11.5M.
Scott Alderton, managing Partner of Stubbs Alderton & Markiles and Chairman of the Preccelerator commented, “When we founded the Preccelerator in 2012, and convinced 3 fledgling startups to move into our space and work with us, we had no idea we could end up where the Preccelerator is today. We conceived this model of offering co-working office space in conjunction with sophisticated startup legal services. We now offer that plus access to over 100 seasoned mentors that actively assist in growth and success, a sophisticated curriculum, access to our network of investors through investment strategy sessions, Meet the VC Luncheons, Demo Day and targeted investor introductions, plus a robust Preccelerator Perks Portfolio with over $450,000 worth of discounted services and benefits to help our cohorts succeed and cut overhead expenses. To say the very least, I’m incredibly proud of what our team has created, and the leadership we demonstrate every day in the Los Angeles tech community.”
Preccelerator® Program Class 10 companies include:
AlgoPay is a borderless e-bank that enables refugees to store and withdraw payments from anywhere. Along with not having access to standard payment systems like PayPal, a majority of refugees also have no place to store their income. On the macro-scale, there’s a borderless population of 67 million unbanked individuals, and on the micro-scale, some of the world’s most vulnerable people are carrying all of their savings in cash with no place to manage funds. AlgoPay operates like both an e-wallet and an ATM. Users can store their income in AlgoPay’s digital wallet, and similar to Western Union, they can withdraw payments at any Algo vendor location— totally bankless. Algo Pay is currently running pilots in Turkey + Jordan and have signed a partnership with UpWork as the first user of Algo’s payment network.
CheckPlis believes people should feel like they are visiting friends when they go out for a meal or drinks. It’s all about the experience. Checkplis is a mobile app integrated into POS systems enabling customers to pay, tip and split the check themselves, all from their phones. Checkplis increases table turnover and efficiency for restaurants and bars and simplifies the checkout experience for consumers.
HaloLoop is a Santa Monica based mobile software company that is reinventing the way people and religious organizations engage with each other. We are a marketplace and live streaming service where people can help others connect to live religious services and donate.
Screen Door Labs created ARescue, an Augmented Reality team communication software for “boots on the ground”. Built for first responders, the system organizes and displays data onto AR glasses. First responders have access to 2D and 3D maps, as well as geotags and video, feeds from drone operators and other responders. ARescue allows first responders to work safer, respond faster, and communicate better as a team.
Star Metrics is an entertainment analytics platform and suite of tools designed to make the casting, financing and forecasting process easier for content creators. With StarMetrics, users can easily discover new talent and understand the value of actors, directors and other entertainers across many data points, such as international appeal, social media reach, or box office impact. StarMetrics provides predictive intelligence and analytics that empowers creators, advertisers, investors and other stakeholders to succeed in an increasingly global and complex content marketplace.
UNOMI is a SaaS for animators and video game developers. UNOMI leverages advanced voice recognition and motion capture technology that automates a lot of the most time-consuming aspects of animation production. Our voice recognition software understands human speech in multiple languages. This allows animators to easily create the speech of multiple 2D and 3D animated characters and for some, UNOMI gives them the ability to create content on a daily basis. UNOMI’s motion capture software will give content creators the ability to easily track human movement within their home or studio, which will eliminate the need to rent expensive motion capture studio space and equipment. Large-scale animation studios will be able to drastically reduce costs allowing them to create more content in a significantly shorter amount of time. UNOMI will also be releasing an Augmented Reality and VR, 3D object plugin for Adobe software which will allow users to easily implement and animate 3D objects quickly and easily. Each UNOMI software will be intuitive, which will eliminate a learning curve for most users.
For more information about the Preccelerator® Program, visit
www.preccelerator.com.
About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a Southern California-based business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property and business litigation practice groups focusing on the representation of, among others, venture- backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent a broad range of industries with a concentration in the technology, entertainment, video game, apparel and medical device sectors. The firm’s mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of the firm. For more information, visit http://stubbsalderton.com.
About the Preccelerator® Program
The Preccelerator® is a novel platform offered to select start-up companies out of the Stubbs Alderton & Markiles, LLP Santa Monica office that provides interim office space, sophisticated legal services, education, networking, mentorship and $450,000 in usable perks from Google Cloud for Startups, Amazon Web Services, and HubSpot among others, with the objective of helping grow a founder’s idea from business concept to funded startup. The program also retains more than 100 active strategic mentors providing free office hours and discounted services, and provides over 75-plus educational workshops and networking events each year. The Program expanded in 2017 to accept a greater number of companies in more formalized classes, depending upon where the companies are in their evolutionary growth, and expanded benefits to accepted companies. To apply to the Preccelerator, visit www.preccelerator.com/application.
Contact:
Heidi Hubbeling
Chief Operating Officer, Preccelerator® Program
hhubbeling@stubbsalderton.com
310-746-9803
Stubbs Alderton & Markiles was featured in the LA Business Journal following the exciting announcement of the expansion of its Preccelerator’s perks package. The law firm’s Preccelerator Program, which provides legal, financial and other support to early-stage technology and digital media companies, is boosting its investment in the incoming class of startups to $25,000 in cash and $25,000 in legal services, among other perks.
Preccelerator alumni company nēdl was voted one of Pepperdine’s Most Fundable Companies of 2018. All 15 winners are companies that rose to the top based on the viability of their business model, size of addressable market, management team expertise, board of advisors, and competitive advantage in their market.
Congratulations to Preccelerator alumni company founder Tina Hay on their recent partnership with JP Morgan Chase Bank to provide insight into topics like determining your risk tolerance, diversification, and rebalancing your portfolio.
Preccelerator Company Lumenus and founder Jeremy Wall were featured this past week on Iot For All in an article discussing how AI takes wearables to the next level. The company started when the founder, Jeremy Wall, was almost killed while riding his bicycle. It was this life-changing event that pushed him to create products that use technology for something meaningful—to save lives. Today, Lumenus designs and produces apparel equipped with wearable LED lights for runners, bicyclists, and motorcyclists.
Preccelerator Alumni Company RentSpree has just announced that they are partnering with the California Apartment Association (CAA). Together they offer a state of the art tenant screening platform to all CAA members. RentSpree’s standardized process will help CAA’s 15,000+ members work more efficiently with the verification process, while simultaneously reducing exposure to regulatory risks.