Blue Startups, the Hawaii-based accelerator, and Hatcher+, a unique, data-driven venture firm have announced a partnership to co-invest in startups accepted into the nationally ranked Blue Startups Accelerator Program. This partnership will enable Blue Startups to provide up to $250,000 in additional capital to each of its portfolio companies as well as use Hatcher’s proven AI-based platform to assist in assessing candidates and tracking performance. Portfolio companies will also have access to the extensive Hatcher+ network, enabling soft landing across different geographies.
Hatcher+ has partners all over the world, with Blue Startups being its first partner focused on bridging the gap for its startups between Asia and North America.
Chenoa Farnsworth, Managing Partner at Blue Startups, is excited about this partnership. “Bringing a global co-investment partner into the Blue Startups program is truly a game changer for us and for Hawaii”, she said. “We have just tripled the amount of capital available for each of our companies..”
“We are thrilled to be partnering with Blue Startups. Not only are they one of the best programs in the US; 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,” said Wissam Otaky, Partner at Hatcher+. “We look forward to co-investing with Blue Startups, and to having a reason to visit Hawaii every once in a while!”
About Blue Startups
Blue Startups is a Top 20 Accelerator in the U.S. (Techcrunch) focused on helping scalable technology companies compete on a global scale. With an extensive network in Asia, Blue Startups is fast becoming a nexus of entrepreneurial activity in Hawai‘i, and between Asia and North America. Blue Startups was founded by Henk Rogers, founder of the Tetris Company, and Chenoa Farnsworth of Hawaii Angels in 2012 and has been a full member of the Global Accelerator Network since 2013. Blue Startups is funded by the State of Hawaii, Hawaii Technology Development Corporation, and private investors. www.bluestartups.com
Prior to joining Hatcher as Group CFO and now Partner, Wissam served as the CFO of MarkaVIP, at the time the Middle East’s top fashion & lifestyle ecommerce business. Wissam previously spent 5 years with Dubai Contracting Company in multiple roles, including working as the company’s Business Development Manager and Group Financial Advisor, handling multiple acquisitions and greenfield projects, and leading the company’s efforts in Jordan and KSA. He co-founded 2 startups early on in his career in Montreal, Canada and is now is an active angel investor and advisor to startups. Wissam holds a Bachelor of Commerce degree from McGill University with a double major in Finance and Economics and a minor in Statistics, which he earned with first class honors in 2002, and has been a chartered financial analyst since 2006.
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