Chamath Palihapitiya's Social Capital Acquires Hustle

Hustle, a peer-to-peer (“P2P”) text messaging platform, has announced that Social Capital, the technology holding company founded by Chamath Palihapitiya, has acquired the company, the company said.

Terms of the transaction were not disclosed.

Steven Pease, Chief Executive Officer, and the Hustle management team will continue in their roles.

Founded in 2014, Hustle offers peer-to-peer text communication tools that create important human connections between organizations and their contacts. Hustle´s unique, TCPA compliant platform allows for authentic, two-way conversations that develop and strengthen connections over text messaging, eliminating barriers and igniting support for advocacy groups, fundraising, admissions and recruiting. Organizations using the Hustle platform include the American Federation of Teachers, Thistle, Sierra Club and New York University.

Since 2014, Hustle has helped hundreds of relationship-driven clients initiate more than 85 million personal texting conversations within their communities. Hustle is headquartered in San Francisco, California with offices in Washington D.C. For more information on Hustle, visit www.hustle.com.