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Illustration: Shoshana Gordon/Axios

Launch House, a company that hosts month-long programs for entrepreneurs at its communal houses, is raising $10 million for a fund to invest in startups, per a new SEC filing.

Why it matters: While the pandemic forced many programs—including famed accelerator Y Combinator—to go online, Launch House is betting that the in-person format is superior.

Flashback: Launch House began last year after its founders, along with some friends, rented a house in Tulum, Mexico, amid the pandemic to fight off social isolation and work on their project and startup ideas.

  • It's since grown into a full-fledged company, expanded from Los Angeles to other cities, and raised $3 million in seed funding. It charges participants a membership fee to access its programs, events, and networks.

Launch House declined to comment.

Go deeper

Biden admin threatens to take back Arizona's COVID aid over anti-mask rules

Arizona Gov. Doug Ducey. Photo: Chip Somodevilla/Getty Images

The Biden administration warned Arizona Gov. Doug Ducey (R) that it will take back the state's COVID-19 relief aid if it does not redesign programs that use the funding to discourage schools from mandating masks.

Driving the news: The state has two programs that are directed to schools and students. However, these programs take funding away from jurisdictions that have imposed mask requirements in schools, AP reports.

Supreme Court agrees to hear challenge to affirmative action at Harvard, UNC

Photo: Al Drago/Getty Images

The Supreme Court on Monday agreed to hear a pair of cases challenging the consideration of race in the college admissions processes.

Why it matters: The conservative high court's ruling could determine the future of affirmative action in higher education.

Europe's energy reliance on Russia is a crucial shield for Putin

Photo: Pavel Bednyakov/Sputnik/AFP via Getty Images

Cracks in the NATO alliance regarding sanctions for Russia should President Vladimir Putin order troops into Ukraine are in large part based on energy supply concerns.

Why it matters: Russia holds tremendous leverage over some European countries because it provides roughly 40% of Europe's natural gas supply. In Germany, this figure is greater than 50%.

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