UK early stage tech program Launch48 has been acquired by Oxygen Enterprise Partners.
Led by Mark Hales, director, Oxygen Enterprise Partners runs Oxygen Accelerator at Birmingham Science Park Aston.
Launch48 runs events around the world in which technology enthusiasts collaborate to create a new web or mobile business in just 48 hours. Following the acquisition, whose amount was not disclosed, two full-time employees will be appointed to provide a dedicated infrastructure to Launch48, with the aim to run at least 12 events, including the Inspire Conference, in the UK and across Europe over the next calendar year.
Previous co-founders Adil Mohammed and Ian Broom will become non-executive directors at Launch48, joining Reshma Sohoni (Seedcamp), Hugh Chappell (previously of TrustedReviews.com) and Julian Ranger (CEO of DADapp and chairman of SocialSafe).