Launch House has announced House Capital, its venture arm dedicated to investing in new and emerging talent in the entertainment space. The fund will focus on all forms of content, from videos (shorts and series) to podcasts across genres like drama, action, and comedy, through various programming, including a virtual reality festival and film competition called Launch House VR Fest, as well as educational workshops for up-and-coming artists interested in getting into the industry.
House Capital was founded on the belief that more talent exists than opportunity.Many talented creators need help to get their first break for various reasons, including lack of access, financial constraints, and the absence of social capital. House Capital aims to create an entry point for these talented creators who are passionate about their craft but need help finding their audience or monetizing it. House Capital Co-Founder Jonathan Wu said they were happy with what they are building and how they will help creators succeed.
Launch House’s co-founders Scott “Kid Cudi” Mescudi, Oliver “Power” Grant, Sam Raynor, and Shawn Gee will act as advisors on all fund investment decisions.
Launch House will initially invest in two to three companies focusing on consumer products, gaming, and media. The initial capital requirements will be between $500K – $1M per company, with follow-on investment rounds planned at the discretion of its team.
The fund’s first investment is in an upcoming animated series called “The Future,” created by Paul Scheer and Rob Huebel. The series follows a group of kids trying to save the environment from a dystopian future, so they enlist their favorite celebrities from the past.
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More about Launch House on https://www.crunchbase.com/organization/launch-house