Tenity continues expansion spree by acquiring new accelerator

Tenity is a leading global innovation ecosystem and early-stage investor for FinTech & InsurTech, with hubs in Switzerland, Singapore, Nordics & Baltics and Spain.  The strategic acquisition of Hackquarters is an important step in Tenity’s growth strategy, creating powerful synergies in innovation program delivery and geographic reach.

The integration of Tenity and Hackquarters will further solidify the combined company’s ecosystem of hubs, scaling delivery across Europe, MENA, and APAC.  The combined innovation ecosystem will henceforth count 6 hubs across Europe and Asia, working with close to 70 Corporate Partners, 1100+ alumni startups with 1Billion USD combined funding raised, 150+ startup programs run, 230+ collaborations facilitated, and a 1000+ strong mentor network.

Furthermore, Tenity’s and Hackquarters' vast experience and successes bring a stronger value proposition to all stakeholders. The company will offer an enriched network, presenting startups with greater opportunities and a broader geographic canvas. Corporate organisations will benefit from an enhanced partner network, comprehensive innovation solutions, and a vast startup ecosystem. Investors can anticipate a surge in deal flow and a strengthened geographic footprint. Public institutions and associations will witness a positive ripple effect on local economies, job creation, and innovation potential.

"The landscape of corporate accelerators and incubators in Europe is highly fragmented, presenting unique challenges for corporates looking for the right partner," said Andreas Iten, CEO and Co-Founder of Tenity. "With the acquisition of Hackquarters, we see a remarkable opportunitiy 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. We're confident that Hackquarters is the perfect partner to achieve these goals."

Kaan Akin, Founder and CEO of Hackquarters, will transition into a vital leadership within Tenity as Managing Partner. Akin brings a wealth of knowledge and experience to the team that will play a crucial role in realizing the company's vision for a thriving, interconnected network of hubs. "I am thrilled to join Tenity and continue to drive forward our shared vision," said Akin. "Our combined strength presents a fantastic opportunity to accelerate the delivery of innovative solutions to our corporate partners and startups."

(Press release/RAN)