TMCnet News
HubSpot Announces Launch of HubSpot Ventures, a $30 Million Fund to Support Customer-First StartupsCAMBRIDGE, Mass., Dec. 11, 2018 /PRNewswire/ -- HubSpot, a leading growth platform, announced today the launch of HubSpot Ventures, a $30 million fund that aims to bolster and expand the impact of startups focused not just on growing bigger, but on growing better. Through the venture fund, HubSpot will seek out companies that take the long-view on success by putting their customers first, investing in an inclusive company culture, and delivering highly differentiated products. "We're not looking for quick wins with this fund," said Andrew Lindsay, VP of Corporate and Business Development at HubSpot. "Yes, we're investing in companies that we believe will lead to a positive return on investment, but more than just that, we're investing in companies that are committed to our philosophy of growing better." The investment criteria reflect HubSpot's belief that the strongest companies today achieve success by staying laser focused on serving their customers. The fund will support companies that are dedicated to building long-term customer relationships instead of optimizing for quarterly numbers or other short-term goals. Portfolio companies must, among other criteria:
In evaluating companies for investment, HubSpot Ventures will prioritize early stage companies raising funding for a seed, Series A, or Series B round. Investments in later stage rounds, such as Series C and later, will be limited. After the organization receives an initial investment, HubSpot Ventures will also act as a mentor. The portfolio company will be provided with personalized assessments and coaching from HubSpot experts to give them the tools they need to continue to grow better. Please visit https://www.hubspot.com/ventures to learn more. About HubSpot HubSpot has been named a top place to work by Glassdoor, Fortune, The Boston Globe, and The Boston Business Journal. The company is headquartered in Cambridge, MA with offices in Dublin, Ireland; Singapore; Sydney, Australia; Tokyo, Japan; Berlin, Germany; Bogotá, Colombia; and Portsmouth, NH. Learn more at www.hubspot.com. Press Contact View original content to download multimedia:http://www.prnewswire.com/news-releases/hubspot-announces-launch-of-hubspot-ventures-a-30-million-fund-to-support-customer-first-startups-300763281.html SOURCE HubSpot |