Snap introduces its fifth cohort of yellow accelerator startups – MovieUpdates

Snap’s internal yellow accelerator program, which invests in startups, has launched its fifth tier of investments. The company is investing $150,000 in each Yellow startup for an equity stake as part of its accelerator program, which was first launched in 2018. The startups will receive mentorship from Snap executives and will also gain access to networking opportunities. The eight companies that make up the latest batch of startups will take up a 13-week residency at one of Snap’s buildings in Santa Monica, California.

“Snap’s Yellow Accelerator was founded to support mission-driven, creative entrepreneurs building at the intersection of creativity and technology,” the company said in a blog post. “As part of the program, eight companies will receive investment, mentorship and ongoing programming to help them achieve their business goals from Snap.”

The list of new companies, as described by Snap, includes:

  • Pieces of stockDevelops a cardless stock program that rewards users with fractional shares on daily purchases of the brands they love. The company is located in the Netherlands.
  • Blink date Creates a voice-first dating app that matches users for 10-minute voice conversations, after which they can hope to match.
  • Bump Designs software to help creators track and collect their revenues from various sources, monitor their spending, and manage their crypto and NFTs in one place.
  • DB Creations – Is making catchy AR strategy games like table slotswith rapid prototyping and exploration.
  • EttosCreates a beauty products e-commerce platform, supporting inclusive beauty, based in Colombia.
  • Store look Promotes a community-driven platform for visual self-expression, composition and inspiration through mood boards.
  • Tipplay StudioIs a fast growing game studio based in Turkey for mobile games like Shooting water
  • Well traveled club Creates a members’ club for modern travelers so they can get trusted recommendations and access to exclusive benefits.

The latest batch hosts startups from countries around the world, including Colombia, Turkey and the Netherlands. Snap says the startups will participate in a curriculum led by tech founders, investors, artists, athletes and more. The company plans to share more once the final cohort is ready in June.

While the program does not require batch participants to integrate with Snap’s services, the company has used the program to invest in strategic areas that it has also boosted on the product side.

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