O Labs Launched To Incubate, Accelerate Enterprise Software In LA

O-Labs, new Los Angeles-based accelerator/incuabtor has launched today, create as joint venture of Originate, Manatt, Phelps & Phillips, LLP and ICM Partners. According to the three, they have created O Labs as an independent company specifically to create, grow, and operate portfolio companies focused on helping large and growing enterprises. The company said it will launch three to five companies per year, and leverage the legal expertise and business consulting from Manatt, Phelps & Philips, and the marketing, sales, and branding experts at ICM. The new company is led by Matthew Pierce, and will be managed by an "investment committee" from the respective companies. O Labs said its first portfolio company is Versus, which is developing a platform for legal, real-money video game tournaments. The company's investment committee includes Manatt's Hale Boggs, Keyvan Peymani of ICM, and Jeff Scheinrock of Originate. Sarah Chambless of Manatt is an advisor.