Expa raises $50M
March 14th 2014
Expa has raised its first $50M from investors to fund the design and development of new companies. Investors include Garrett Camp (founder of Expa, Uber & StumbleUpon), Google board member Ram Shriram, TPG founder David Bonderman, Virgin founder Sir Richard Branson, HP CEO Meg Whitman, Li Ka-Shing & Solina Chau, First Round Capital, Sherpa Ventures, Booking.com Chairman Kees Koolen, SVAngel, Lerer Ventures, WordPress founder Matt Mullenweg, Behance founder Scott Belsky, Undercurrent founder Josh Spear & author Tim Ferriss.
Expa is a startup studio that works with founders to develop and launch new products. After 10 years of designing and building consumer services, Garrett and the Expa team have identified many techniques that help create successful companies. This experience has been integrated into a platform to help founders increase their startup’s chance of success. Expa plans to focus on just a few active companies at any one time, initially around mobile applications, platforms and marketplaces.
Expa Capital is the investment arm of the studio that will seed fund each Expa company. Expa Capital will typically invest between $500K–$1M of seed capital, and the Expa team will spend significant time on every project. Rather than providing services for companies after they have achieved traction, Expa will actively guide founders from inception toward product-market fit.
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