Buildspace Analysis: $10M Raised
What is Buildspace?
buildspace ran six-week programs for people building their own ideas, with nights and weekends projects as the core format. The company also launched an AI product that reached 100,000 users and operated a San Francisco physical campus, live streams, and youth programming. Y Combinator listed buildspace as inactive after a 2019 founding date and a 2022 funding announcement led by a16z.
Location
San Francisco, United States
Employees
1-10
Founded
2019
Revenue
$1.5M - $7.3M
Business Model
Sponsorships and partnerships with companies for tool awareness and engagement.
Pricing
- Buildspace programs are free to join.
- Participants can apply to the program without any cost.
- Buildspace offers grants ranging from $100 to $500 for selected builders to support their projects.
How much Buildspace raised
- - $10 million
November 11, 2022Lead Investor: Led by a16z
Who are the founders of Buildspace
FM
Farza Majeed
Founder
Market Focus
Buildspace primarily focuses on the education and technology industry, specifically in fostering creativity and innovation for individuals looking to work on their own ideas.
Competitors Overview
Buildspace's main competitors in the online education and innovation market include:
-
Holder: A Web3 CRM and marketing automation platform that focuses on customer engagement in the decentralized world. Its specialization in Web3 technology may attract clients interested in blockchain and decentralized applications.
-
Royaltiz: A FinTech company that allows individuals to invest in the careers of talented individuals across various industries. This unique investment model appeals to users looking for innovative ways to support and profit from emerging talents.
-
bem.builders: This company specializes in creating immersive brand experiences in virtual and augmented reality, operating within the metaverse development sector. Its focus on immersive technology could attract clients interested in cutting-edge digital experiences.
These competitors highlight different niches within the tech and finance sectors, showcasing various approaches to customer engagement, investment, and immersive experiences, which may differ from Buildspace's focus on fostering creativity and innovation through project-based learning.
Investors
- a16z
- Y Combinator
- FinSight
- Kevin Lin
- Farza Majeed
- Alec Dilanchian
- David Barrick
- Emily Hough
- Josh Elgar
- And 25 others (specific names not listed).
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