Leap Venture Studio

Leap Venture Studio is a prominent pet care startup accelerator based in Los Angeles, California, representing a unique collaboration between industry giants and philanthropic organizations. It was established through a partnership involving Mars Petcare, a global leader in pet nutrition and health, Michelson Found Animals Foundation, dedicated to animal welfare, and R/GA Ventures, a renowned corporate innovation studio. This strategic alliance positions Leap Venture Studio as a significant catalyst for innovation within the rapidly expanding pet ecosystem, aiming to identify, nurture, and scale groundbreaking startups addressing various aspects of pet care, from health and wellness to technology and services.

The core of Leap Venture Studio's offering is its intensive accelerator program, designed to provide early-stage pet care companies with critical resources and strategic guidance. Participating startups typically receive an initial investment of $200,000, which is a substantial early-stage capital injection. Beyond funding, the program offers unparalleled access to mentorship from executives at Mars Petcare and other industry experts, strategic support in areas like product development and market entry, and opportunities for pilot programs within Mars Petcare's extensive network. This comprehensive support system is tailored to accelerate the growth and market readiness of the selected ventures, preparing them for subsequent funding rounds and broader market penetration.

Since its inception, Leap Venture Studio has demonstrated a consistent commitment to fostering innovation in the pet industry. The studio has successfully run multiple cohorts, with over 30 companies having graduated from its program as of 2023. These alumni companies span a diverse range of pet care solutions, reflecting the studio's broad interest in the sector's evolution. The program's success is further evidenced by the significant follow-on funding secured by many of its portfolio companies, underscoring the value of the initial investment and the strategic support provided. Leap Venture Studio continues to be a vital player in shaping the future of pet care through its unique venture model.