The first internet browser of Georgian origin “Stack” The Austrian-American startup accelerator 360Lab has been selected among the 936 startups.
360Lab is included in Europe’s 5 Best Startup Accelerators. Victory in the STEC program involves a three-stage accelerator and a total investment of € 1 million, of which € 100,000 has already been invested in the company for a small stake. The remaining € 900,000 will be earmarked after the start of the second phase of the acceleration program by Startup:
Phase I – 4-month acceleration in Graz, Austria – Business model validation and product market compatibility, Providing Product-Market Fit.
Phase II – Venture Capital Round – 360Lab provides a demo day after the first phase is completed and organizes a 4-month round, where Stech aims to raise € 2.5 million in funding. Of this amount, the company invests € 900,000 in 360Lab.
Phase III – Rapid Growth in Silicon Valley – After the successful closing of the round, 360Lab will allocate free work space to its office in California, where we will be working on rapid growth for 4 months with their help.
Following Austria and the Netherlands, the company is also opening an office in Georgia and is looking for senior front-end developers to work full-time, earning between 5,200 and 6,500 GEL. Requirements, terms and more, as well as the application can be found at the following link: https://getstack.app/join-us
“Steck” is an international startup of Georgian origin, creating the first Georgian alternative to the internet browser. The company started operating in November a year ago and already has over 2000 active customers from the US, Japan and Europe. After receiving the first funding, Startup began refining the product according to customer feedback. The company is also constantly seeking additional cash resources to ensure rapid growth.