Fundacity, an online investment platform that connects startups with accelerators, investors and business plan competitions, has announced it has been acquired by Gust, a global funding platform that helps startups manage and source for early-stage investments.
This move will see Fundacity integrate its cloud-based software into Gust’s Software-as-a-Service (SaaS) fundraising tool – and bridge its accelerators and incubators’ startups with Gust’s investors, as well as promote its programmes to startups in Gust’s portfolio.
In the words: Fundacity and Gust will become a mega startup platform combining the resources — accelerators, investors, startups, incubators — from leading tech ecosystems including Silicon Valley, to deliver a major boost to entrepreneurship globally.
CEO and Co-founder Miklos Grof believes this will have particular significance for Asia’s tech ecosystem – as it has a large presence in the region.
“This acquisition will strengthen the capabilities of the Gust platform and extend our reach across the global entrepreneurial ecosystem,” said David S. Rose, CEO of Gust, in a press release. “Through this new relationship, Gust and Fundacity are responding to the market by providing a solution that expands the reach of world-class accelerators while simultaneously delivering a pipeline for early-stage investors.”
Founded in 2012, Fundacity offers accelerators, incubators, angel groups, governments and business plan competitions in 152 countries a cloud-based dashboard to manage their startup evaluation process.
Gust offers a suite of products and services to foster collaborations among its network of 45,000 accredited investors and 300,000 startups in 190 countries. Its investor networks are focussed on primarily early-stage investments.
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