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9Mile Labs

We invest in promising early-stage enterprise B2B startups 


Company Size

6 - 10 People

Year Founded

2013

Verified Investor

Yes

Funding Stages

Focus Markets

Lead Investor

Yes


About 9Mile Labs

Background

9Mile Labs started in January 2013 as a mentoring-focused enterprise/B2B startup accelerator in Seattle. The objective was to help companies build a business that was scalable, repeatable and profitable with the ideas they brought to us.

Since our founding in 2013, we have run 6 cohorts and invested in 59 pre-seed stage companies as part of the accelerator program. Many of these companies have gone on to raise subsequent rounds of funding while making great progress on their product and customer acquisition goals. The aggregate book value of our portfolio has consistently increased over the years as has the aggregate annual revenues of the portfolio companies.

The Pivot

In October 2016, in an effort to scale up the number of investments per year and reduce our overhead, we discontinued the accelerator program. Instead, we partner with top accelerators across the country to invest in their best startups.

Key elements of the new investment strategy are

  • Invest in enterprise startups that are just entering their respective accelerator programs
  • Make small investments of $50-100k in each company at a valuation of $1-3M
  • Invest in companies with complete teams consisting of 3 roles - hacker, hustler and visionary
  • Pick companies that have either growing revenue or demonstrated evidence of deep customer validation, such as Letters of Intent (LOIs).

Financials Beta

Business Model: Not Specified

Revenues: Not Specified

Expenses: Not Specified

Debt: Request

Operating Status: Active

Funding Raised: $0

Investment Rounds: 0 Rounds

Funding Stage: Not Specified

Last Funding Date: Not Specified


Frequently Asked Questions

What industry is 9Mile Labs in?

9Mile Labs is in the Venture Capital & Private Equity industry.

Is 9Mile Labs an investment company or fund?

Yes, 9Mile Labs is an investment firm in the Venture Capital / Private Equity space.

How long has 9Mile Labs been in business?

9Mile Labs was established in 2013 (11 years in business).

Is 9Mile Labs currently hiring?

No, 9Mile Labs is currently not hiring.

Visit 9Mile Labs's Jobs Page to stay updated with any upcoming open positions.

Which country is 9Mile Labs headquartered in?

9Mile Labs is based in United States.

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