Overview

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Investments
19 Investments in 16 Companies
Exits
2 Acquisitions
Founders:
, ,
Headquarters:
Palo Alto, CA
Funds Raised:
$1.35M
Categories:
Mobile
Description:
Archimedes Labs Incubates, Accelerates and Invests in early stage Silicon Valley companies.
Website:
http://www.archimedeslabs.com
Social:

Investor Details

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Founded:
May 1, 2005
Type:
Incubator that does Seed Investments
Investment Size:
25k - 100k
Equity Taken:
10.0 Percent
Sectors:
Mobile Only; Internet of Places; Internet of People, Cloud Infrastructure for Mobile.
Regions:
Silicon Valley

Archimedes Labs is a Palo Alto based incubator founded in 2005 by Keith Teare and Mike Arrington. Following TechCrunch's acquisition by AOL in 2010 it was reborn.

Today the partners include Keith Teare; and Kambiz Hooshmand (Stratacom, Cisco, Applied Micro and Silver Lake).

Archimedes is an incubator in the style of BetaWorks. It runs as a virtual studio and develops its own ideas into independent companies, it also partners with entrepreneurs through its acceleration program. On occasion it makes pure investments.

Archimedes is focused on the mobile software, Cloud infrastructure for Mobile, Internet of Places (including beacons. sensors and big data) and Internet of People.

Its standard acceleration package involves a convertible note, for 10% equity ownership. The note converts on a qualified financing as agreed between the company and Archimedes. Should the qualified financing not happen Archimedes owns no equity. There is no formal application process. Companies are selected on an ongoing basis based on the fit with Archimedes focus.

So far more than 80% of Archimedes accelerated companies have gone on to raise more capital.

DateInvested InRoundPartner(s)
May, 2016undisclosed amount / Venture
Aug, 2014$500k / Seed (Lead)
Jun, 2014$1M / Seed (Lead)
Apr, 2014$385k / Seed (Lead)
Mar, 2014$50k / Seed (Lead)
Jan, 2014$25k / Seed (Lead)
Dec, 2013$40k / Seed (Lead)
Nov, 2013undisclosed amount / Seed (Lead)
Oct, 2013undisclosed amount / Angel (Lead)
May, 2013undisclosed amount / Seed (Lead)
Apr, 2013$100k / Seed
Jan, 2013$240k / Angel (Lead)
Aug, 2012undisclosed amount / Seed (Lead)
Jul, 2012$100k / Seed (Lead)
Nov, 2011$745k / Seed (Lead)
Jul, 2011undisclosed amount / Seed (Lead)
Apr, 2011$400k / Seed (Lead)
Jan, 2011undisclosed amount / Seed (Lead)
Jan, 2011$50k / Seed (Lead)

Current Team (5)

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Funds (2)

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AnnouncedNameAmount
Jan 1, 2011Archimedes II$1.1M
Jun 1, 2005Archimedes I$250k

Offices/Locations (1)

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  • Palo Alto

    La Calle Court

    Palo Alto, CA 94306

    USA

Past Team (2)

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Images (1)

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