Unstuck Ventures Announces Acquisition of Contest Codes, Accelerating Innovation in Development & Design Contests
We are thrilled to announce the acquisition of Contest Codes, a pioneering platform listing development and design contests that challenge the status quo.
Singapore, August 2024 — Unstuck Ventures, the leading venture capital studio dedicated to building and funding startups that defy convention, is thrilled to announce the acquisition of Contest Codes, a pioneering platform listing development and design contests that challenge the status quo.
This strategic acquisition is a significant milestone in Unstuck’s ongoing mission to bring more projects to the public. With Contest Codes under its umbrella, Unstuck Ventures is poised to revolutionize how developers, designers, and companies engage with project-based challenges, fostering a community of innovation and excellence.
A Visionary Move to Empower Creators
Unstuck Ventures’ decision to acquire Contest Codes is rooted in its commitment to empowering the creative and technical communities. By offering a platform where users can bid on projects, contribute their unique insights, and strive to win contests, Unstuck is opening up new avenues for collaboration and growth. Each contest on the platform will feature specific guidelines and a price tag, ensuring that participants are rewarded for their hard work and ingenuity.
“We see Contest Codes as a natural extension of our mission to build tomorrow, today,” said Francesco Cardullo, CEO of Unstuck Ventures. “This platform embodies our belief in the power of community-driven innovation. By integrating Contest Codes into our ecosystem, we’re enabling more creators to showcase their talents, compete for meaningful projects, and contribute to the next wave of groundbreaking startups.”
A Platform Reinvented
As part of the acquisition, Contest Codes will undergo a significant transformation. The platform is temporarily disabled as the Unstuck team works on launching a new version, slated for release by the end of Q3 2024. The revamped Contest Codes will feature enhanced functionality, a user-friendly interface, and a broader range of contests, all designed to attract and engage its current user base of 100 million active participants.
“We’re excited about the possibilities this acquisition brings,” added Cardullo. “The new Contest Codes will not only offer more opportunities for developers and designers but will also serve as a vital tool for companies looking to harness the power of the global creative community.”
Unstuck Ventures: Building a Future That Transcends the Ordinary
With this acquisition, Unstuck Ventures continues to solidify its reputation as a catalyst for change in the startup ecosystem. The undisclosed acquisition amount reflects the significant value Unstuck places on the potential of Contest Codes to redefine how project-based contests are conducted.
“This is more than just an acquisition,” said Cardullo. “It’s a statement of our intent to shape the future of innovation, one contest at a time.”
About Unstuck Ventures
Unstuck Ventures is not just a venture capital firm; it's a powerhouse for ideation, incubation, and innovation. By building, funding, and deploying startups that challenge the norm, Unstuck Ventures is paving the way for the next generation of industry-defining companies.
Contact Information:
Unstuck Venture Capital Studio
77 Robinson Rd, #33-01
068896, Singapore