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Gust acquired Fundacity, a startup with Hungarian roots

Gust, a global investment platform has acquired Fundacity, a service powering startup accelerator programs. The combined platforms will allow accelerators on Fundacity to introduce their graduates to Gust's network of more than 45,000 accredited investors.

Fundacity, an online platform that connects startups with accelerators, investors and competitions, has announced it has been acquired by Gust, a global funding platform that helps startups manage and source for early-stage investments.

Fundacity's easy to use platform fits well with with Gust's robust collaboration and fundraising tools. The combined services will provide the world's business angel networks with expertly-mentored startup companies, and accelerators with access to the world's largest early-stage investor networks.

Fundacity supports over 100 accelerator programs serving users in 156 countries with a flexible solution for application creation, management, and cohort selection processes.

Miklos Grof, the Hungarian co-founder and CEO of Fundacity, is proud to join Gust to continue their shared vision for helping the global entrepreneurial ecosystem. After quitting his top corporate finance job in London, he decided to move to Latin America to launch his first startup Fundacity 3 years ago.

"The acquisition was very positive for us and I am very pleased with my career decision. I hope to encourage more people in the CEE region, especially now with uncertain job markets, to consider starting up and taking their career into their own hands" - said Miklos.

In the near future, accelerator programs on Fundacity will be able to introduce their graduates to Gust's network of more than 45,000 accredited investors in over 550 organizations, as well as promote their programs to the more than 300,000 startups that use Gust to manage their search for acceleration, support and funding.