Startup builder Entrepreneur First has raised $US12.4 million (£9.4 million) from a host of big name investors, according to TechCrunch.
The funding round was led by Silicon Valley venture capital firm Greylock Partners, which backed Airbnb and Facebook in their early days.
It will be used to fund Entrepreneur First’s operational costs and to help it expand, TechCrunch reports.
Other notable investors reportedly include Google DeepMind cofounders Demis Hassabis and Mustafa Suleyman, as well as Peter Thiel’s Founders Fund.
Rob Bishop and Zehan Wang, who built their company Magic Pony on the Entrepreneur First programme before selling it to Twitter for a reported $US100 million, are also investing in the funding round.
Entrepreneur First was founded by Matt Clifford and Alice Bentinck in 2011. The company aims to attract highly technical individuals who have the potential to build successful technology startups.
Those that are accepted onto the Entrepreneur First course — operational in London and Singapore — receive a monthly stipend for living as well as pre-seed funding, a desk to work from, and mentoring.