Blue Startups
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Financial History
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Leadership Team
Key people at Blue Startups.
Key people at Blue Startups.
Key people at Blue Startups.
Blue Startups is a Hawaii-based venture accelerator and investment firm focused on helping scalable technology startups compete globally. Its mission is to diversify Hawaii’s economy beyond tourism by fostering a thriving tech ecosystem that creates high-paying jobs locally. Blue Startups provides early-stage companies with seed funding (up to $250,000), mentorship, workspace, and access to a global network of investors and experts. The firm targets capital-efficient, scalable tech companies, especially those leveraging Hawaii’s unique position between Asia and the West, with a focus on sectors like tourism technology and sustainability. It has played a key role in establishing Hawaii as a growing startup hub, often called “Startup Paradise”[2][3][4].
Founded in 2012 by Henk Rogers and Maya Rogers (of the Tetris Company) and Chenoa Farnsworth (of Hawaii Angels), Blue Startups emerged from a vision to build a technology sector in Hawaii that could rival its tourism industry. The founders leveraged their backgrounds in gaming, investment, and local entrepreneurship to create a public-private partnership funded by the State of Hawaii, Hawaii Technology Development Corporation, the Tetris Company, and private investors. Early on, Blue Startups focused on providing startups with intensive mentorship, business expertise, product testing, and investor introductions, quickly gaining recognition as a top 20 U.S. accelerator[2][3][4].
Blue Startups rides the global trend of regional accelerators fostering innovation outside traditional tech hubs. Its timing is critical as Hawaii seeks economic diversification amid global shifts in tourism and technology. By bridging Asian and Western markets, Blue Startups leverages geographic and cultural advantages to help startups access broader capital and customer bases. It influences the ecosystem by creating a sustainable startup community in Hawaii, attracting international talent and investment, and promoting tech entrepreneurship in a historically tourism-dependent economy[3][4].
Looking ahead, Blue Startups is poised to deepen its impact by expanding its portfolio of scalable tech companies and strengthening ties with global investors. Trends such as increased remote work, sustainability tech, and Asia-Pacific market integration will shape its trajectory. The firm’s commitment to diversity and capital efficiency positions it well to adapt to evolving startup needs. As Hawaii’s tech ecosystem matures, Blue Startups will likely remain a central catalyst for innovation and economic transformation in the region, continuing to bridge local startups with global opportunities[4].
In summary, Blue Startups exemplifies how a regional accelerator can leverage local strengths and global networks to build a vibrant tech ecosystem, fostering economic diversification and global competitiveness from an unlikely but strategic location.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2022 | Mappy | $1.0M Seed | — | CrunchFund, DecentraNet, FMFW.io, Galaxy Digital, Monday Capital, Republic Capital, Scout Ventures, Symbolic Capital, Wave Financial, Adam Back, Brad Yasar, Craig Sellars, George Burke |
