Gust, a global service provider powering the entrepreneurial ecosystem, has acquired Fundacity, which is considered one of the world’s most popular platforms powering startup accelerator programs. Fundacity reportedly supports over 100 accelerator programs serving users in 156 countries with a flexible solution for application creation, management, and cohort selection processes.
David S. Rose, CEO of Gust, stated:
“We are delighted to welcome Fundacity into the Gust family, and introduce accelerators and their graduates to the world’s largest network of early-stage investors. This acquisition will strengthen the capabilities of the Gust platform and extend our reach across the global entrepreneurial ecosystem. 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.”
Miklos Grof, co-founder, and CEO of Fundacity, added:
“Fundacity is proud to join Gust to continue our shared vision for powering the global entrepreneurial ecosystem. By joining Gust we will continue to create value for all our customers, expanding graduates’ access to investment opportunities and bringing a greater awareness of accelerators around the world.”
In the near future, accelerator programs on Fundacity will be able to introduce its graduates to Gust’s network of more than 45,000 accredited investors in over 550 organizations, as well as promote their programs to the more than 300,000 startups that use Gust to manage their search for acceleration, support, and funding.