Crowdfunding for equity platform Bigcolors has just acquired Melbourne-based startup GetViable for an undisclosed amount. With offices in Hong Kong and the US, GetViable is a business idea incubator that helps founders move towards the validation stage by offering a suite of tools and resources.
The acquisition will expand Bigcolors’ investment offerings, which currently includes deal sourcing and seed investment, to include services such as MVP set up, mentorship, pitch deck and business planning. Besides the complementary support services that GetViable offers, the two-year-old Australian startup also comes with a loyal global customer base of 2,000+ founders.
Since Bigcolors backs very early stage and pre-seed startups, added support from GetViable could lend a hand to those startups seeking funding; but aren’t quite investor-ready.
“Many startups come to us with ideas but with poorly structured plans, pitches and products. We could see at least 50-100 startups a week and only accept 1-2 for further investment investigation,” said Bigcolors’ co-founder and COO Jackie Lam (in the photo above on the left), explaining the general disconnect some startups may have between the idea conception and validation stages.
“We knew from experience just how hard it can be to build a successful startup and decided it was time for this to change,” said GetViable co-founder Dougal Edwards (in the photo above, on the right). “We started GetViable to make it easy for anyone to iterate from idea-to-startup as affordably and quickly as possible. We’ve found a great partner in Bigcolors who shares this vision and has the ability to build on what we’ve started.”
After launching in December 2013, Bigcolors has already invested in a number of startups including global connected co-work space Verxigo and cab order service Taxiwise, who was acquired by booking platform IKKY back in April.
Active users of Bigcolors and GetViable can expect to see the two technology platforms merged as one within the next three months.
