CoFoundersLab Acquires Entrepreneur Networking Service Bizpora
CoFoundersLab, a sort of “dating service” for entrepreneurs who are seeking their soon-to-be better halves, has made another acquisition to help expand its offerings. The company has bought Bizpora, a startup that was helping travelers better network with others in their field and keep an eye on interesting people who were planning to visit their ‘ hometowns.
The London startup, founded in 2012 by longtime friends Fred Cabellero, Facundo Villaveiran, and Pierre Lacave, was a graduate of the UK’s Ignite 100 accelerator. Previously called Startup Stay, Bizpora also tried to offer a service that connected members who wanted to crash at each other’s places, instead of a hotel. This led to a decent amount of media coverage.
However, the service never really took off. Its Web experience remains very basic, and it only had a small amount of funding from Start-Up Chile. The company claims to have helped “hundreds” of entrepreneurs from 130 counties connect to date. That’s not a lot, but its overall user base turned out to be around 10,000—which appealed to CoFoundersLab, apparently.
Caballero reached out to CoFoundersLab about a partnership around two years into Bizpora’s operations, but those discussions changed as the two firms realized they shared the same overall goals. CoFoundersLab has now agreed to acquire the service for an undisclosed sum. Bizpora’s co-founders will not be joining as part of the deal.
CoFoundersLab says it had over 30,000 members prior to the Bizpora deal.