Community startup Hack2Skill raises $1M in debt and equity

Hack2Skill, a community platform dedicated to hackathons, has raised $1 million in a combined debt and equity financing round. The round was co-led by Recur Club and String Ventures.

What does Hack2Skill do?

Founded in 2021 by Samkit Sharma, Hack2Skill is designed to revolutionize the way communities and corporations manage hackathons. With a comprehensive suite of tools, the platform facilitates registration, team matchmaking, event timelines, internal communication, and more.

This not only enhances the hackathon experience but also serves as a fertile ground for developers to learn new skills, collaborate on projects, and gain recognition for their efforts.

Samkit Sharma, the founder of Hack2Skill, envisions the platform as a transformative force for tech enthusiasts, aiming to upskill talent and foster innovation across the globe.

Expanding the community

Hack2Skill boasts a vibrant community of over 3 million tech enthusiasts, including startups, working professionals, freelancers, and student innovators.

With the fresh influx of capital, The startup plans to further enhance its marketing, product innovation, and sales functions, thereby solidifying its position as India's largest and fastest-growing technology innovator community.

Strategic investments and future plans

The investment from Recur Club and String Ventures is not just a financial endorsement but a strategic move to bolster Hack2Skill's mission. Recur Club, with its history of disbursing over $100 million to more than 500 companies, and String Ventures, known for supporting high-value SaaS platforms, bring invaluable expertise and resources to the table.

The partnership is poised to accelerate Hack2Skill's growth, enabling it to attract new users, explore new community engagement avenues, and enhance its AI capabilities for better collaboration and innovation.