Founders Factory bags investment from Guardian Media Group
Accelerator founded by Brent Hoberman and Henry Lane Fox intends to support 200 early-stage tech firms over next five years
New multi-sector accelerator and incubator business Founders Factory has received investment from the Guardian Media Group (GMG) as it becomes the publishing firm's exclusive media sector partner.
Created by Brent Hoberman, Henry Lane Fox and Jim Meyerle, Founders Factory is the new initiative from the Founders Forum which will provide support, resources and capital to nurture early-stage technology start-up across a number of sectors.
It plans to build and scale over 200 early stage technology companies across five sectors over the next five years. The group launched its first sector – education technology (edtech) in June 2015 with investment from Holtzbrinck Publishing Group.
Brent Hoberman, executive chairman of Founders Factory, said:
“We’re really excited to be announcing this partnership with the Guardian Media Group – one of the world’s most instinctively digital, innovative and ambitious news organisations.
“We will benefit from their strength, reach and institutional knowledge right across the media sector while they will be able to tap into our ability to develop truly innovative products and introduce them to the most exciting thought leaders in technology. We can’t wait to get started.”
David Pemsel, CEO of GMG, continued: “This strategic investment gives GMG the opportunity to bring emerging technology trends into our own business and culture, giving us access to a global network of start-ups and the chance to get in early with possible commercial opportunities.”