Launch House Closed $12 Million Series A Funding Round Led by a16z

TokenInsight news, Coworking community Launch House has closed a $12 million Series A round led by a16z with participation from Michael Ovitz, Mike Dudas, and Ryan Sean Adams. The raised funds will be used to expand its residency program to additional cities around the globe and grow its metaverse location. Launch House is a revamped version of a Silicon Valley hacker house, a living space for entrepreneurs. The community is merging the community-driven nature of DAOs like Friends With Benefits with the entrepreneurial focus of accelerators like Y Combinator, aiming for a decentralized future.