SAN FRANCISCO, CA--(Marketwired - Jun 17, 2014) - Acceleprise, an enterprise software focused accelerator based in Washington DC, currently investing in their 5th class of companies, has announced an expansion to San Francisco with the launch of Acceleprise San Francisco. Aspiring companies accepted into the first class will receive $30K in funding, mentorship programs and access to personal introductions to early customers and great investors. In addition, they will receive support from strategic partner, Silicon Valley Bank, which will provide founder banking services and access to office space at WeWork in San Francisco. Many enterprise executives and entrepreneurs are getting involved as well and will act as mentors for the portfolio companies.
"Launching in the Bay Area allows us to take a proven model in Washington DC and replicate it in a city that provides SaaS entrepreneurs an opportunity to tap into some of the best enterprise companies, mentors and investors in the country," said Sean Glass, Managing Partner at Acceleprise. "We couldn't be more excited about the caliber of the team and brands involved in launching Acceleprise San Francisco."
Acceleprise San Francisco will be led by an operationally experienced team including Karen Appleton (Founding Executive and SVP of Global Alliances at Box), Nick Mehta (Chief Executive Officer at Gainsight), Rowan Trollope (SVP & GM of the Collaboration Technology Group at Cisco) and Managing Director, Michael Cardamone (Early Business Development at Box and more recently VP of Partner Marketing at AcademixDirect). Acceleprise San Francisco is partnered with leading SaaS companies, including Box and salesforce.com, to help educate, mentor and build the next generation of great enterprise software companies.
"The experience of being part of the team that has expanded Box from 1M to over 25M users, and delivered cloud services in a hyper growth environment has given me a unique perspective of what it takes to be well positioned for success as a startup," says Karen Appleton. "It's an amazing time to be focused on the enterprise, as the cloud as a model is still exploding with opportunity. Rowan, Nick, Michael and I are excited to be working with founders to realize their goals."
Acceleprise has a strong footprint in SaaS companies and sees a massive opportunity to continue to empower entrepreneurs all over the country to build and scale SaaS companies that solve clear pain points within their specific industry. As cloud based software continues to be adopted across every industry, there will almost certainly be hundreds of vertical SaaS companies like Veeva Systems created in the next decade. Many of the next wave of founders will be first time entrepreneurs that come from large incumbents in their industry and have great industry experience, but can benefit from tapping into the Silicon Valley network of mentors and investors with experience scaling SaaS companies. In addition, they are building out educational programming around many key topics for early stage B2B companies, including best practices in UX/Design, sales, customer acquisition and marketing. This focus and programming will allow Acceleprise San Francisco to provide tremendous value to their portfolio companies as they iterate on their product and start to close their first few customers.
The application deadline for the first class in San Francisco is August 1st, 2014. Aspiring companies can apply today!
Acceleprise is an accelerator focused on enterprise technology with locations in Washington DC and now San Francisco. It was the first independent accelerator focused solely on enterprise technology in the United States. Across both locations, Acceleprise will invest in over 100 companies focused on building web based software to solve large organizations' problems. Acceleprise provides capital, mentorship, access to potential investors and customers, and community support to enterprise entrepreneurs while they work from a shared office in Washington DC or San Francisco over four months.