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.
Read growth stories from incubated businesses:
- The former pro footballer aiming for the back of the net in manufacturing
- How a strategic entrepreneur went above and beyond for a client – with life-changing results
- The business keeping UK plc running by connecting man, machine and environment
Seemingly the time is ripe for UK companies to secure capital, as VC firm Accel has launched a $500m European fund that comes with a special investment focus on Britain.
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