Quake Capital and Hatcher+ have agreed to a partnership under which Hatcher+ will invest $50,000 in companies accepted in Quake’s accelerator with a total of $200,000 invested. Quake will receive access to Hatcher’s technology for assessing candidates and tracking investment performance.
A press release follows:
Quake Capital and Hatcher+ Announce Multi-Year Investment Partnership
Firms Will Co-Invest in Startups Accepted into Quake’s Accelerator
New York, NY, September 11, 2018 at 12 PM EST – Quake Capital, a unique accelerator focused on making seed level investments in new and early stage ventures across a wide range of industries, and Hatcher+, a unique, data-driven venture firm, have announced a partnership to co-invest in startups accepted into Quake’s accelerator program.
Through this partnership, Hatcher+ will provide an additional $50,000 to each company accepted into any one of Quake’s accelerator cohorts, for a total investment of $200,000. In addition, Quake gains access to Hatcher’s proven AI-based platform to assist in assessing accelerator candidates and tracking investment performance. Portfolio companies will also have access to the extensive Hatcher+ network, enabling expansion across different geographies.
“Quake is excited to collaborate with Hatcher+ to support our growing accelerator program,” said Glenn Argenbright, founding partner at Quake Capital. “Hatcher’s tech-enabled and data-driven platform pairs perfectly with Quake’s hands-on and bespoke approach. This partnership allows us both to be more than the sum of our parts.”
Quake hosts three accelerator programs across the United States: New York, Los Angeles and Austin. The programs offer hands-on mentorship from key advisers, providing cohort companies with unparalleled access to the top players in their respective fields. The firm has invested in a range of industries, including finance, cannabis, media, and more, and accelerator graduates boast high levels of follow on funding.
“Quake integrates the best practices of programs we have seen across the world, with a keen understanding of the challenges faced by start-ups within its ecosystem,” said Wissam Otaky, partner at Hatcher+. “Steered by a team that has a proven track record, we believe they are one of the best accelerators operating today.”
Hatcher+ has partners all over the world, including Blue Chilli in Australia, LuissEnlabs and Fashion Technology Accelerator in Milan, and Blue Startups and Innova in the U.S. By bringing Quake into the co-investment network, Hatcher+ will now be able to invest in companies from a program that is quickly becoming one of the most recognized and successful in the US.
For more information on this partnership, and how to benefit from this co-investment, please visit: www.quakecapital.com.
About Quake Capital
Quake Capital is a unique accelerator focused on making seed level investments in new and early stage ventures across a wide range of industries. We work closely with key advisers, and tap into exclusive relationships developed over the last 30 years to boast unparalleled access to the top players in finance, development, manufacturing and distribution. To learn more about Quake Capital and its portfolio of companies, please visit: https://www.quakecapital.com/.
Founded in 2016, Hatcher+ is a next-generation, data-driven venture investment firm that recently announced the launch of H2, a USD 125,000,000 early stage investment vehicle. The Hatcher+ platform uses AI and machine learning-based technologies to identify early-stage opportunities in partnership with leading accelerators and investor groups, worldwide. [For more information, please visit https://h2.hatcher.com]