The founder of a once fast-growing D.C. software firm that sold for $1.4 billion last year now wants to give a leg up to other small D.C.-area tech companies.
With proceeds from the sale of his company, Thycotic, which sold to TPG Capital in 2021, Jonathan Cogley is ramping up investments in local software firms startups through his 3-year-old accelerator, LogicBoost Labs.
Until now, the accelerator has largely invested in companies on the West Coast, where Cogley now resides. But it recently established a second headquarters in D.C. to more easily identify promising startups in Greater Washington, said Josh Frankel, the D.C.-based vice president of marketing for LogicBoost and one of multiple Thycotic alumni that are now part of LogicBoost’s team of six full-time employees. (LogicBoost’s other headquarters is in San Diego).
It hasn’t made any local investments yet but hopes to do so in the fourth quarter, Frankel said. So far, LogicBoost has worked with nine startups — including…
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