Fundacity joins Gust

Fundacity’s best-in-class startup accelerator platform complements Gust’s powerful fundraising tools, providing accelerator graduates access to the largest network of early-stage investors worldwide.

Gust, the global service provider powering the entrepreneurial ecosystem, has acquired Fundacity, one of the world’s most popular platforms powering startup accelerator programs. Fundacity’s easy-to-use, cloud-based software will dovetail with Gust’s robust collaboration and fundraising tools. The combined platforms will provide the world’s business angel networks with expertly-mentored startup companies, and accelerators with access to the world’s largest early-stage investor networks.

Fundacity supports over 100 accelerator programs serving users in 156 countries with a flexible solution for application creation, management, and cohort selection processes.

“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,” said David S. Rose, CEO of Gust. “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.”

For nearly a decade, accelerators have played an increasing role in supporting entrepreneurs and startup ecosystems by vetting and nurturing promising entrepreneurs. The unique benefits of accelerators over other incubation models include pre-seed investment, focused mentoring from highly successful professionals, exceptional networking opportunities, and broad recognition upon graduation.

“Fundacity is proud to join Gust to continue our shared vision for powering the global entrepreneurial ecosystem,” said Miklos Grof, Co-founder and CEO of Fundacity. “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 their 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.

About Gust

Gust is a global organization dedicated to empowering the entrepreneurial ecosystem. Gust’s suite of products and services enables connections, illuminates opportunities, and fosters meaningful collaboration for founders, investors, and all ecosystem players. As the world’s largest community of entrepreneurs and early stage investors from 190 countries, Gust is the official platform of the world’s leading national and international angel investor federations, including those in North America, South America, Europe, Africa and the Asia-Pacific region. More than 300,000 startups have already used the platform to connect and collaborate with over 80,000 professionals focused on early stage companies. For more information, please visit www.gust.com, or explore Gust’s most recent local ecosystem launches at Digital.NYC, Tech.London, or StartHub.org.

About Fundacity

Fundacity is a global platform connecting startups with investment organizations and business plan competitions in 152 countries. Fundacity offers accelerators, incubators, angel groups, governments and business plan competitions a cutting-edge cloud-based dashboard to manage their startup evaluation process.

By lorna@3mil.co.uk 22 Feb 2016