Snap has tapped eight companies for its latest Yellow accelerator class.
Yellow launched in 2018 with a promise that Snap would invest $150,000 per cohort of startups. Twice a year, it selects a handful of digital content-focused companies to receive mentorship from Snap executives, networking opportunities, and liquid capital, plus continuing guidance after the accelerator ends.
In exchange, Snap takes a small, undisclosed equity stake in each company.
This class is Yellow’s fifth, and the smallest to date. It’s also a return to Yellow’s usual in-person curriculum after its fourth class, which baked nine startups, went entirely virtual due to COVID restrictions.
Companies selected for the class include (with descriptions provided by Snap):
The class has already gathered at Snap’s headquarters in Santa Monica, Calif., where members will spend the next 13 weeks learning from “investors, tech founders, artists, athletes, and more,” Snap says.
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