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New Deal


Announced

Completed

Social Capital completed the acquisition of Hustle.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Completed

Majority

messaging platform

Single Bidder

Online and Social Platforms

Private

Private Equity

Acquisition

Friendly

Synopsis

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Social Capital, a technology holding company that supports innovative companies in areas including healthcare, artificial intelligence, climate change and space, completed the acquisition of Hustle, a peer-to-peer text messaging platform. Financial terms were not disclosed. “Hustle is uniquely positioned to rethink the way we engage with organizations and companies across the globe. As a scalable mobile platform that leverages machine learning to process billions of interactions at a time, Hustle can refine these critical interactions and foster greater connectivity between community-based organizations, non-profits, corporations and the people they serve. I look forward to supporting their continued growth and success,” Chamath Palihapitiya, Founder Social Capital.

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