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OCTANe LaunchPad Firms Raise More Than $25M

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OCTANe , the Orange County-based organization helping to bolster the high tech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.

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Interview with Matthew Jenusaitis, OCTANe

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That was primarily driven by the economy; when the economy is down, investments are down, and it is increasingly difficult to d a startup. Launchpad is a virtual incubator and accelerator, where we put companies in and give them quantitative and qualitative feedback and mentorship. It's been kind of lean.

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