Tenity announced the agreement to fully acquire Hackquarters, a London- and Istanbul-based startup accelerator and corporate innovation partner with a strong footprint in the fintech space.

This strategic acquisition is an important step in the company’s growth strategy, creating powerful synergies in innovation program delivery and geographic reach. The integration of Tenity and Hackquarters will further solidify the combined company’s ecosystem of hubs, scaling delivery across 6 hubs in Europe and Asia.

“The landscape of corporate accelerators and incubators in Europe is highly fragmented, presenting unique challenges for corporates looking for the right partner,”

said Andreas Iten, CEO and Co-Founder of Tenity.

“With the acquisition of Hackquarters, we see a remarkable opportunitiy to create additional value for our ecosystem and partners. Together, we can create synergies across geographies, foster knowledge transfer, and generate a powerful network effect. We’re confident that Hackquarters is the perfect partner to achieve these goals.”

Kaan Akin, Founder and CEO of Hackquarters, will transition into a vital leadership within Tenity as Managing Partner. Akin brings a wealth of knowledge and experience to the team that will play a crucial role in realizing the company’s vision for a thriving, interconnected network of hubs.

“I am thrilled to join Tenity and continue to drive forward our shared vision,”

said Akin.

“Our combined strength presents a fantastic opportunity to accelerate the delivery of innovative solutions to our corporate partners and startups.”