Sweden-headquartered Tradedoubler, which counts the UK as a key market, has made the fund available to digital companies in Britain, France and Germany to accelerate growth of European startups operating in its sector.
Up to €500,000 of investment is up for grabs per business, as Tradedoubler will fund companies for equity. The firm works with the likes of Tesco, Groupon, Microsoft, The Body Shop and Accor Hotels – the latter of which bought Onefinestay for £170m in April – and seeks partners that can produce complementary services for customers. “By establishing TD Ventures, we are continuing to build on our heritage of technology innovation, working with young businesses to accelerate growth and shape the future of our sector with this unique programme,” said Matthias Stadelmeyer, CEO, Tradedoubler. To apply, startups are required to submit a business description of 200 words on the Tradedoubler site, detailing why they’re deserving of a place on the programme. A TD Ventures panel led by Stadelmeyer and the company’s chairman Pascal Chevalier will then review entries to decide which companies will be the best fit.
Incubators are of big interest to companies today. Barclays revealed its Angel Hubs scheme to back scale-ups in March, while John Lewis announced the opening of its third JLAB incubator for retail innovators, which comes with £200,000 of funding available. Richard Heggie, head of high growth and entrepreneurs at Barclays, said: “We know that for UK businesses, access to the right types of funding plays a vital role in their growth and this partnership with the UKBAA will help ambitious entrepreneurs.” Elsewhere, Paul Coby, IT director at John Lewis, offered: “JLAB is about bringing disruption and innovation to the retail industry – we want to develop ideas and technology that really excite John Lewis shoppers. To do this, it’s essential that we work collaboratively with fast-growing businesses to add value to their operations.”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.