About Excelerate Labs
Excelerate Labs, an accelerator and incubator program founded in 2010, is based in Chicago, United States. With a presence in 2 countries, it has supported around 28 startups in sectors like Enterprise Applications, Consumer. As of Oct 2026, Excelerate Labs has witnessed 12 portfolio exits. Most notable companies in
its portfolio include SpotHero, Brilliant and Power2Switch. The program is backed by a team of 2 people who primarily support Seed startups based in United States. Its latest investment was a $75K Seed round in Frintit on Aug 30, 2012 along with Pritzker Group.
Key Metrics
Founded Year
2010
Location
Chicago, United States
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Excelerate Labs' List of Top Investments
Excelerate Labs has a portfolio of 28 companies. Their most notable investments are in Fango and Fibroblast.Their portfolio spans across United States and India. They have invested in Enterprise Applications, Consumer, EdTech and 15 other sectors, across stages such as Seed stage. Here is the list of top investments by Excelerate Labs:1. SpotHero
Provider of a platform for booking parking spots and related services. The platform allows users to search and reserve parking spaces. It offers options for hourly, daily, and monthly parking. The platform also provides booking capabilities through mobile applications and integration with vehicle dashboards.
Key facts about SpotHero
- Founded Year: 2011
- Location: Chicago (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $118M
- Employee Count: 303 as on Aug 31, 2026
- Investors: Union Grove Venture Partners, Blossom Street Ventures and 40 Others
- Latest Funding Round: Series D, Aug 22, 2019, $*****
- Highlight: Acquired
2. Brilliant
Online platform for interactive courses in STEM learning. It offers bite-sized online lessons in mathematics, science, and computer science using an interactive problem-solving approach. It provides guided learning paths tailored to various learning levels and paces. The curriculum is developed by experienced educators and professionals from academic and industry backgrounds.. It serves learners across age groups seeking to build conceptual understanding and critical thinking skills through self-paced digital instruction.
Key facts about Brilliant
- Founded Year: 2012
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $3M
- Employee Count: 94 as on Aug 31, 2026
- Investors: MacDonald Ventures, Scribble Ventures and 18 Others
- Latest Funding Round: Seed, Aug 16, 2012, $*****
- Highlight: Acquired
3. Power2Switch
Provider of electricity switching and comparison solutions for residential and commercial customers. The company offers electricity cost reduction, energy monitoring, and management solutions. It allows users to enter a Zip Code on the platform that displays a list of electricity providers with price details.
Key facts about Power2Switch
- Founded Year: 2010
- Location: Chicago (United States)
- Stage: Acquired
- Total Funding till date: $1.58M
- Employee Count: 1 - 10 as on Jul 01, 2024
- Investors: OCA Ventures, HPA and 6 Others
- Latest Funding Round: Series A, Dec 05, 2011, $*****
- Highlight: Acquired
4. Babbaco
Key facts about Babbaco
- Founded Year: 2007
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $3.1M
- Investors: KTB Ventures, SV Angel and 7 Others
- Latest Funding Round: Seed, 2014, $*****
- Highlight: Acquired
5. GiveForward
Largest free fundraising platform, trusted for personal and cause-related campaigns. It empowers individuals and organizations to raise funds for various needs, offering a user-friendly platform to create campaigns, share stories, and collect donations. It provides tools and resources to facilitate successful fundraising, including expert advice and support. The platform prioritizes trust and security, offering a guarantee to protect donors. It fosters a sense of community, connecting people and enabling them to support causes they care about. It is a B2C platform that offers a social impact by enabling fundraising for personal needs and causes.
Key facts about GiveForward
- Founded Year: 2008
- Location: Chicago (United States)
- Stage: Acquired
- Total Funding till date: $3.53M
- Investors: Western Technology Investment, First Round Capital and 8 Others
- Latest Funding Round: Series A, Dec 20, 2013, $*****
- Highlight: Acquired
Excelerate Labs' Investments by Stage
Excelerate Labs has made 24 investments in Seed stage with an average round size of $53.2K.Excelerate Labs' Investments by Sector
Excelerate Labs has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, EdTech and Energy Tech. Notably, it has invested in 23 Tech companies, 16 Consumer (B2C) companies, 12 Enterprise (B2B) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 12 |
Retail | 5 |
Enterprise Applications | 4 |
EdTech | 2 |
Energy Tech | 2 |
Others | 19 |
Note: We have considered here, only first round of investments
Excelerate Labs' Investments by Geography
Excelerate Labs has made most investments in United States (23), followed by India where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 23 |
India | 1 |
Note: We have considered here, only first round of investments
Excelerate Labs' recent investments
Excelerate Labs has not made any investment in 2026 so far.Here are the most recent investments by Excelerate Labs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 30, 2012 | India | Seed | 1725 | ||
Aug 27, 2012 | United States | Seed | 5491 | [+1] | |
Jun 01, 2012 | United States | Seed | 2612 | ||
Jun 01, 2012 | United States | Seed | 9608 | ||
Jun 01, 2012 | United States | Seed | 4364 |
Acquired companies in Excelerate Labs' Portfolio
12 companies from Excelerate Labs' portfolio have been acquired. The most recent acquisition was SpotHero in Feb 2026 by Uber for $*****.Here are Excelerate Labs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 23, 2026 | Aug 27, 2012 | Seed | 9737 | |
Oct 03, 2022 | - | - | 1540 | |
Aug 05, 2021 | Jun 01, 2010 | Seed | 6277 | |
Oct 01, 2020 | May 15, 2012 | Seed | 3996 | |
Mar 29, 2017 | - | - | 6292 |
Team profile of Excelerate Labs
Excelerate Labs has a team of 2 members including 2 Partners located in United States. Excelerate Labs' team sits on the board of 1 company.Co-investors of Excelerate Labs
Over the past 16 years, 37 investors have co-invested in Excelerate Labs's portfolio companies. This includes funds and angels.
- Invested before Excelerate Labs: Pritzker Group has invested before Excelerate Labs.
- Top Co-investors of Excelerate Labs: 3 investors entered a company along with Excelerate Labs. These include investors like Pritzker Group (14 companies).
- Invested after Excelerate Labs: A total of 33 investors have invested in Excelerate Labs's portfolio after their investments. Top Investors include OCA Ventures (3 companies) and Sandbox Industries (3 companies).
Recent News related to Excelerate Labs
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Chicago’s Excelerate Labs Graduates Ten Startups – TechCrunchTechCrunch+•Aug 30, 2012•Cureeo, Excelerate Labs, Pritzker Group, Pictarine and 1 other
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