SixThirty, the St. Louis-based business accelerator that runs programs for financial services startups and cybersecurity companies, has added nine new startups to its portfolio, representing $1 million in total investment.
Nearly half those companies are from outside the country. One is from St. Louis.
It’s the first class for SixThirty’s new Cyber accelerator, which was announced earlier this year. Similar to the fintech accelerator, Cyber will invest between $100,000 and $200,000 in five startups twice per year in exchange for an equity stake. SixThirty’s fintech accelerator typically takes an equity stake of between 5 percent and 10 percent for a $100,000 investment.
Over the next five years, the Cyber accelerator plans to invest $10 million into cybersecurity startups.
Read more: St. Louis Business Journal