Tenity buys startup accelerator Hackquarters

The deal sees Tenity add hubs in London and Istanbul to its bases in Switzerland, Singapore, the Nordics and Baltics, and Spain, giving it a footprint across Europe, Mena and Apac.

The combined company works with close to 70 corporate partners, 1100+ alumni startups with $1 billion combined funding raised, 150+ startup programmes run, and a 1000+ strong mentor network.

It promises to present startups with greater opportunities and a broader geographic canvas. Corporates will benefit from an enhanced partner network and a vast startup ecosystem. Meanwhile, investors can anticipate a surge in deal flow, says Tenity.

Andreas Iten, CEO, Tenity. “With the acquisition of Hackquarters, we see a remarkable opportunity to create additional value for our ecosystem and partners. Together, we can create synergies across geographies, foster knowledge transfer, and generate a powerful network effect.”