1776, a Washington DC-based global startup incubator and seed fund, is to acquire Crystal City, Va.-based Disruption Corporation.
The amount of the transaction was not disclosed.
Through the deal, 1776 will integrate the Crystal City’s leading startup platform into its portfolio of offerings and accelerate its ability to support startups, corporations and private investors.
1776 will also partner with Washington-area real estate leader Vornado/Charles E. Smith to open a new campus in the innovation hub of Crystal City in order to connect startups to the expertise, corporations, and government agencies in the city and throughout Virginia.
Founded by Paul Singh, Disruption complements the 1776′s focus on building a community of startups, mentors, corporations, policymakers and investors to attract investment capital to the region. Through this new relationship, Singh will join 1776 as a managing director, and the Disruption team and technology will be integrated into the 1776 platform.
Co-founded by Evan Burfield and Donna Harris, 1776 is a global incubator and seed fund that focuses on startups in the industries and sectors that impact millions of lives every day – specifically education, energy, health and cities.
FinSMEs
17/04/2015