The ten startups in AngelPad’s Spring 2012 class have raised a total of $10 million in aggregate since Demo Day in May, Korte tells me. All the raises have been seed stage, and that number could grow larger soon, as three startups have not yet closed their rounds.

[via Techcrunch]

The teams who will join AngelPad will follow an intense 10 weeks mentoring program in San Francisco. To learn more about the program watch Robert Scoble’s interview with AngelPad’s founder Thomas Korte.

Past: AngelPad Spring 2012
AngelPad’s last Demo Day was in May 2012 where 10 companies presented their business and vision in our San Francisco offices. Watch the founder interviews on Techcrunch TV:
Most of the companies have wrapped up fundraising and are hiring – check out the open jobs at AngelPad companies

We are looking forward to getting your application.
The AngelPad team.

Future Founders: @angelpad just opened the application for the Fall 2012 session (Sept.-Nov.): angelpad.org/b/angelpad-fal…

— AngelPad (@angelpad) July 6, 2012

From Forbes:
The rankings are based on a number of factors, focusing on the value of the incubators’ companies. In other words, we took the exit prices or the last priced equity valuation of the companies that have gone through each program. We also took into account other measures, such as how much venture funding their companies have raised, what percentage of their companies have raised funding and what percentage of their companies have been acquired or gone out of business.

The teams accepted in AngelPad Spring 2012 will follow an intense 10 weeks mentoring program and will have access to over $100,000 in funding.

The application deadline is Sunday, January 1st 2012.

Learn more about the program and watch an interview of AngelPad’s Founder Thomas Korte.

(Youtube link),
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(Youtube link)

Here are some highlights from the interview with Thomas Korte:

- Thomas talks about why AngelPad started and why it’s different from other early-stage investor funds or incubators, such as Y Combinator, TechStars and Founders Institute.

- “The idea that everyone can do it themselves is like saying we don’t need universities,” Thomas said, explaining that incubators are helpful in providing needed advice and guidance, beyond financial support. There’s not as many incubators as there are firms that just provide the capital, he added.

- AngelPad invests around $25,000 in startups and take somewhere around a 5% ownerhips in the startup. For that ownership stake, the partners also provide mentorship and office space in San Francisco.

- AngelPad is primarily interested in “Web technologies in the broadest sense,” said Thomas. “Anything Facebook, Google, Microsoft could launch is something we could look at.”