Washington DC area tech incubator and seed fund 1776 has acquired Paul Singh’s Disruption Corp for an undisclosed amount in a move to build the area’s tech community with up-to-date information, data and mentorship.
Disruption Corporation offers Research and Investment which it says is built on top of a platform of smart people and technology. The firm recently doubled the square footage of its headquarters and attracted two new partners, giving both their first-ever presence in the Washington, D.C. metropolitan area.
Disruption Corp will join 1776 which has over 270 start-up members around the world.
In a blog post Singh said, “I’m excited to tell you about a new chapter for the entire Disruption community!
As you might have seen in today’s Washington Post, Disruption Corporation was acquired by 1776, a global incubator and seed fund. 1776 has an aligned focus with Disruption in the areas of technology startups, venture capital and tools for founders, investors and partners. We’re going to do much, much, much more together.”
Sing added that he will join 1776 as a managing director, and the Disruption team and technology will be integrated into the 1776 platform, empowering 1776 to better support startups around the world and drive innovation. The rest of the Disruption Corporation team will also integrate into 1776.
In January this year, iHub Nairobi and 1776 hosted a $650,000 Challenge Cup 2015, a global startup competition to identify the most promising startups in Africa and then connect them to the mentorship and resources to achieve their full promise.