Texas-Squared Startup Newsletter #283

Texas Startup News, Opinion & Events in the Lone StartUP State
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Scoop: HubSpot is acquiring The Hustle — Link

- Axios’ Sara Fischer

Details: The deal is valued at roughly $27 million, a source familiar with the terms tells Axios.

• The Hustle makes most of its money from advertising and a small portion from subscriptions to its premium research arm called Trends. Its events business was sizable, but has been impacted by the pandemic.
• The company has raised a little over $1 million in funding from seed rounds. Sources say the company is profitable.
• All of the company’s roughly 30 full-time employees are expect to remain.