Announced
Completed
Financials
Sources
Tags
United States
Completed
Majority
messaging platform
Single Bidder
Online and Social Platforms
Private
Private Equity
Acquisition
Friendly
Synopsis
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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