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Announcing our Acquisition of LaunchSpot.io


November 29, 2017

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This acquisition will boost Hockeystick's product offering for innovation organizations.

We’re pleased to announce our acquisition  of LaunchSpot.io (LaunchSpot), a software product used by accelerators and startup funders. The strategic acquisition of LaunchSpot will help accelerate the development of Hockeystick’s product offering for innovation organizations — accelerators, incubators and innovation hubs.


image_uploaded_from_ios_1024.jpgLaunchSpot's and Hockeystick's Founders at SaaS North, 2017

 

“With the acquisition of LaunchSpot, Hockeystick will now offer a suite of operations and data tools for innovation organizations. LaunchSpot is a proven product with a similar customer base and we look forward to expanding its reach and scale through our network," said Raymond Luk, Hockeystick's Founder and CEO.

LaunchSpot was created to simplify and automate how accelerators manage applicants, collect portfolio data, connect companies with mentors and report to funders.

Hockeystick will continue to offer the product as a stand-alone service and will take over its development and maintenance. The company will also be added to Hockeystick’s backend infrastructure.

“This acquisition is a great win for innovation organizations. I am confident that LaunchSpot will thrive in its next phase with Hockeystick. By leveraging Hockeystick’s market leadership, expertise and partnership with the Lazaridis Institute, LaunchSpot’s technology will be quickly utilized by more innovation organizations across Canada and around the world,” said Rob Darling, LaunchSpot’s Founder and CEO.

Earlier this year, we partnered with the Lazaridis Institute to share research data and build a national data platform for incubators, accelerators, and startups. It's thanks to this partnership with the Lazaridis Institute, Canadian accelerators will now have the option to use LaunchSpot free of charge.

While this is Hockeystick's first acquisition, we are more interested in growth through acquisitions. We are looking for products and technology we can connect on our platform, and are also interested in anyone with unique data about the private market that isn’t just scraped from public sources.

If you'd like to learn more about this acquisition, we encourage you to read the following articles:

 

 

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