Acceleprise, a San Francisco-based accelerator for enterprise tech and software-as-a-service startups, held a Demo Day for its third cohort of companies today.
The accelerator invests $50,000 into each startup admitted to its program via convertible note financing, taking approximately a 5 percent stake under a $1 million cap.
It admits 8-12 companies per cohort, and invests out of a $3.5 million pre-seed fund anchored by Employ Insight CEO Sean Glass.
During its program, Acceleprise helps startups hone their apps and business models, strike relationships with early pilot or paying customers and officially launch a product.
After they leave the nest, partners at Acceleprise work in an advisory capacity with startups in their portfolio to help them become seed- or even Series…