€885k capital injection for BOWNTY

Bownty is set to expand with new funds of €885k from current investors venture fund SEED Capital and Accelerace Invest, reports Trendsonline.

Since going live March 2011, the daily deal aggregation service has experienced great interest. Currently, around 225,000 users can find their favourite deals in a single email, with a selection of around 4000 deals on offer each day, from 100 different deal sites, brought together in one place with the Bownty platform.

The Danish entrepreneurs behind Bownty believe there is untapped potential to expand and enhance the popular service, and improve the customer experience,

“We are very pleased with the new investment, which will be used to exploit the great potential, we are convinced is in Bownty. Being able to offer an overview of the jungle of deals is a great help to European consumers. The investment will naturally come to mean even more and better opportunities for our users” says Steffen W. Frølund, Founder and CEO of Bownty.

Since exapnding rapidly from Denmark to England, France, Spain and Germany, Bownty will build operations further with the new funds, and aim to raise consumer awareness with the continuing trend.

“Bownty represents an important part of the future of online2offline commerce”, says David Venzel, Senior consultant at Accelerace

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  1. […] having by itself or together with others (usually SEED Capital) also invested in companies such as Bownty, The Eye Tribe and Conferize. Related PostsGraduateland – Growth Creator of the Year […]

  2. […] was previously backed by Spanish VC Inveready. In 2013 Bownty raised almost € 900 000 in new funding from Danish SEED Capital, and Accelerace Invest. Today’s acquisition was a mixture […]



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