Cloudflare is matching startups with 40 VC firms that have a combined $2 billion earmarked for its Launchpad program.
San Francisco-based Cloudflare announced Thursday the first cohort of 25 companies that will participate in its Launchpad program, which connects startups that build applications on Cloudflare's platform with venture capitalists. Three of the startups are based in the Bay Area.
8VC, Airtree, Alumni Ventures, B Capital Group, BGV, Chamaeleon, Conversion Capital and Counterpoint Global. Two companies are based in San Francisco: Grafbase, a startup building a distributed storage solution on Cloudflare and Nostra, which is building a CRM for e-commerce sites. Narrative BI, which provides analytics and marketing insights based on advertising data, is based in Mountain View.
"We see all these great companies who are building on our platform, and then are able to connect them to the VCs, who invest," said Alex Dyner, SVP of special projects at Cloudflare."So we're not committing our own capital to the program, but we get all the benefits that a corporate venture program would get."
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