According to a study published by investment research firm CB Insights, just two Silicon Valley startup accelerators — Alchemist Accelerator and Y Combinator — are better options than St. Louis-based Capital Innovators for startups hoping to raise venture capital.
Ranked by the median amount of money raised by founders who go through its program, Capital Innovators came in at No. 3, with median post-program funding of $3.5 million.
Capital Innovators, which is led by Judy Sindencuse and located in the St. Louis’ Cortex innovation district, ranked well for follow-on funding rate, with 33 percent of startup founders who go through the program finding follow-on funding.
Following its most recent cohort of startups, which was announced in February, Capital Innovators has invested nearly $5.5 million in 64 companies. Those companies have gone on to raise more than $170 million in outside investment and create more than 600 jobs, the accelerator reports.
Read more: St. Louis Business Journal