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Fund profile

The Idea Village ENERGYx

The Idea Village ENERGYx

Washington, United States

Leading

About

The Idea Village is a vital nonprofit organization based in New Orleans, focused on accelerating the growth of startups throughout the Gulf South. Established to foster entrepreneurship in a region known for its resilience and creativity, The Idea Village has become a cornerstone of the local startup ecosystem. The organization offers a suite of programs designed to support founders at various stages of their entrepreneurial journey. Key among these programs is IDEAinstitute, which serves as an entry point for early-stage founders, providing them with the foundational tools and resources needed to transform innovative ideas into scalable ventures. For more advanced startups, IDEAfuel offers targeted support to BIPOC-led companies, including non-dilutive capital, mentorship, and business resources, to help them achieve rapid growth. The flagship program, VILLAGEx, is an industry-agnostic accelerator that prepares high-growth startups to raise significant capital, typically over $1 million, within 24 months. This program culminates in IDEApitch, a high-profile pitch event held during New Orleans Entrepreneur Week (NOEW), where startups have the chance to secure substantial investment prizes. The Idea Village has a proven track record, with alumni companies like Lucid and Levelset, which have collectively achieved over $1.7 billion in exit value. By connecting entrepreneurs with a robust network of mentors, investors, and industry experts, The Idea Village not only supports individual startups but also contributes to the broader economic development of New Orleans and the Gulf South​.

Details

Round

Seed

Previous Investments

Advertising & Marketing
CleanTech & Sustainability
Hardware. Robotics & IoT
Software & Apps

Highlights

$6.5M

Historical average check

$6.5M

Historical max check

August 2024

Last investment date

1

Investments

CleanTech & Sustainability

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Website

ideavillage.orgenergyx

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