We invest $110K in each company and selectively accept 6-9 teams every 6 months to go through our intensive go-to-market and mentorship-driven program.
We provide founders a structured path to commercialize their products, gain traction and fundraise in the US. During the program, we facilitate meetings between our Israeli founders and Venture Capitalists, angels, tech executives & like-minded entrepreneurs in Los Angeles and Silicon Valley.
Fusion LA’s next batch will begin in March 2021.
We are looking for Israeli-based, early stage (pre-seed and seed) start-ups, with at least 2 co-founders. One of the founders must have requisite technical capabilities. We are industry agnostic and are open to meeting start-ups from all industries, looking to grow their company into the US market (See more about the LA tech ecosystem below)
PLEASE NOTE: We look for Israeli founders that desire to set up their business operations in the US
Founders can APPLY for a $110,000 investment as part of the Fusion LA Accelerator program and get a decision in 3 weeks.
(*) Initial feedback within 72 hours.
(*) Final decision within 3 weeks.
(*) Entirely virtual & remote interview process.
(*) Transparent – All founders receive feedback and know their status through every step.
Key steps in the process:
Yes, but we’ll only accept a single founder under exceptional circumstances.
Yes, as long as one of the founders has technical capabilities.
No. We don’t ask for business plans and/or budget. We make our decisions based on the application form and/or personal meetings with you.
Preferably yes, as it helps us get a sense of how you pitch, think and value your start-up.
We keep your info confidential—only our advisors and drafting committee will have access to it. Nevertheless, we do not sign an NDA agreement (almost no VC or accelerator would do so with an early-stage start-up).
Los Angeles is the biggest start-up eco-system in the world, after Silicon Valley and New York. 2018 was a landmark year for Los Angeles tech. Over the past two years, 17 new funds set up shop in LA and $10 Billion dollars were invested into local start-ups. Los Angeles is the creative capital of the world and the host city of the 2028 Olympic Games. With the biggest port in the country and 25M people in SoCal, Los Angeles is the top consumer, retail, and trade market in the United States.
LA is home for dozens of VCs and institutional investors (specifically in Seed & A rounds). It is the the fastest growing tech ecosystem in the US, and since 2012, the city has experienced constant growth in VC investments – six times larger!
Snap IPO boosts LA’s tech ecosystem with capital and talent that will shape Silicon Beach for years to come. Leading companies like Ring, Dollar Shave, Honest, Tinder and Riot Games, to next-generation transportation tech companies like Hyperloop One & SpaceX— pointing the depth and breadth of LA’s still-growing tech industry.
LA companies enjoy the proximity of Silicon Valley capital, with benefits of great (Israeli) weather, better lifestyle and lower costs (30-40% less than SF and NYC).
Sorry, no – you must be present in Los Angeles & Silicon Valley during the program. We believe that to scale quickly and most effectively, founders need to “engage” with their market as soon as possible. It is the fastest and most efficient way to gain valuable feedback, and create relationships with potential customers, partners and investors.
PLEASE NOTE: For start-ups with more than one founder and/or that have employees who are based in Israel, we only require one of the founders / key team members to be present.
*** Due to COVID-19 global situation - we currently don't produce in-person sessions & professional events in California. For batch #7 participants we produced an hybrid (in-person & remote) bootcamp in TLV and a remote curriculum with our US network.
During our program in the US, a tourist visa should be enough.
While we don’t get directly involved with visas, we do:
Israeli citizens require a visa to enter the US – we recommend scheduling an appointment with the US Embassy to get B1/B2 visa, if you don’t have one already. EU passport holders should be eligible for the ESTA Visa Waiver program.
PLEASE NOTE: The purpose of your trip is to attend business-related meetings and activities that advance your company, such as meetings with prospective investors and clients.
We encourage all our portfolio companies to set up a Delaware C-Corp as soon as possible. If you intend to grow your business in the US, you will eventually do it. Many investors in the US (including VCs & Angels) will never invest in Israeli LTDs because of tax & legal issues. Nevertheless, it’s not a pre-condition to set up a US company to participate in Fusion LA.
Fusion LA offices are based in the heart of Silicon Beach. During the program, we offer each company a membership and a desk at Spaces Santa Monica. Portfolio companies use Fusion’s office as a business address for their US operations. Our space is conveniently located walking distance from. restaurants & cafés, Santa Monica Pier, Venice boardwalk, and hundreds of start-ups and tech giants, like Google and Snapchat.
Address: 730 Arizona Ave, Suite 206, Santa Monica, CA 90401 | Spaces
Fusion LA offers a subsidized living option during the program. Our beautiful house in Santa Monica is located minutes away from our office space.
PLEASE NOTE: Accommodation isn’t free, but it is substantially cheaper than Airbnb or hotels in the area.
We invest $125k in exchange for 8%. We charge a $15K fee for participation in the Fusion LA accelerator program.
We invest in all companies that take part in Fusion LA program. Each portfolio company receives the full investment amount prior to the beginning of the program.
The investment is structured as a convertible note (SAFE), based on Silicon Valley industry standards.
Sure. We’ve been working with Israeli start-ups that have raised their seed funding and/or have been “on the road” for a while.
No, it isn’t. Many of our startups have already raised capital at a higher valuation and still choose to join us for the added-value and benefits we provide to their companies.
Most start-ups don’t come to Fusion LA for the money – they do it because they are interested in growing their business to the US.
Our mentorship and welcoming network in California provide a “soft landing” platform for their business and personal needs. The accelerator is an opportunity to get to know Silicon Beach & Silicon Valley “insiders”, pitch local investors and executives, and learn from experienced founders.
Furthermore, the program is just the beginning of a journey: As strategic partners and stakeholders, we continue to work with our alumni to set up their US office, and provide access to capital and potential corporate partners.
GoAhead Ventures is an early stage venture capital fund managing over $120M in committed capital. GoAhead Ventures’ mission is to work with young (or young at heart) entrepreneurs at the earliest stages of their company. The firm has a track record as value-add investors who work alongside portfolio companies, helping entrepreneurs on every step of their journey.
The firm has invested in over 40 early-stage companies operating in the mobile, e-commerce, financial services, mobile and retail sectors. The firm is based in Menlo Park, California.
More about GoAhead Ventures’ portfolio HERE.
Unfortunately, we can’t. We are focusing all our efforts in giving value to our start-ups in the program.
We are always happy to meet or interact with founders. Unfortunately, we can’t meet with every start-up that wants our advice and/or wants to get into Fusion LA in person. Hence:
When we refer start-up founders to investors, it means we are recommending them – hence, we know them well and preferably have worked with them. If we don’t know you well, we can’t recommend you. Furthermore, we don’t make intros for commissions and/or any kind of other compensation.
If you’re looking for investors, your best alternative is to find people within your network (or sometimes, beyond it) who are involved within the tech industry and know you well, and ask them for their assistance.
No matter what stage you are at, if you are looking to build your start-up into a company in the US, we would love to hear from you. Our partners are based in Israel and Los Angeles. Don’t hesitate to reach out to us to set up a time to chat: firstname.lastname@example.org