Praxis
Praxis Labs that has created a virtual-reality-based platform that allows users to take on identities of different racial and gender backgrounds.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $3.2m | Seed | |
| Total Funding | 000k | ||
Praxis Labs operates as a venture-building ecosystem focused on advancing redemptive entrepreneurship. The organization serves both business and nonprofit ventures through its accelerator programs, targeting entrepreneurs who aim to create positive social impact. Praxis Labs operates in a global market, with ventures spanning 113 countries and generating a total annual revenue of $675 million as of FY2023. The business model revolves around selecting and nurturing high-potential ventures, providing them with resources, mentorship, and a community to thrive. Revenue is generated through a combination of program fees, partnerships, and sponsorships. The company boasts a 91% survival rate for its ventures, indicating strong support and effective growth strategies.
Keywords: redemptive entrepreneurship, venture-building, business accelerator, nonprofit accelerator, social impact, global ventures, mentorship, community support, high-potential ventures, revenue generation.
