New partnership to triple available capital for Blue Startups’ companies

New partnership to triple available capital for Blue Startups’ companies

By Anna Hrushka, Pacific Business News
Posted March 26, 2018

 

Honolulu-based accelerator Blue Startups is partnering with Singapore-based venture capital investment platform Hatcher+ to co-invest in its startups.

Blue Startups said the partnership with the firm will allow it to provide up to $250,000 in additional capital to each of its portfolio companies, well as use Hatcher+’s artificial intelligence-based platform to assist in assessing candidates and tracking performance.

“Bringing a global co-investment partner into the Blue Startups program is truly a game changer for us and for Hawaii,” Chenoa Farnsworth, managing partner at Blue Startups, said in a statement. “We have just tripled the amount of capital available for each of our companies.”

Founded in 2016, Hatcher+ recently announced the launch of H2, a $125 million early stage investment vehicle.

The Hatcher+ platform uses AI and machine learning-based technologies to identify early-stage opportunities in partnership with accelerators and investor groups, worldwide.

“We are thrilled to be partnering with Blue Startups,” said Wissam Otaky, a partner at Hatcher+. “Not only are they one of the best programs in the U.S., their focus on bridging the gap for their portfolio between Asia and North America provides tremendous opportunities for their cohort companies to take advantage of.”