About Bownty
Bownty is a company based in Ballerup (Denmark) founded in 2011 was acquired by North-East Venture in May 2017.. Bownty has raised $5.6 million across 3 funding rounds from investors including Accelerace, Howzat Partners and SEED Capital. The company has 10 employees as of November 30, 2024. Bownty has completed 1 acquisition, including Yunait. Bownty offers products and services including Deal Aggregation Platform and Mobile App.
- Headquarter Ballerup, Denmark
- Employees 10 as on 30 Nov, 2024
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bownty Nova Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.6 M (USD)
in 3 rounds
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Latest Funding Round
$3.86 M (USD), Series A
Oct 21, 2015
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Investors
Accelerace
& 4 more
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Employee Count
10
as on Nov 30, 2024
- Investments & Acquisitions
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Acquired by
North-East Venture
(May 18, 2017)
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Products & Services of Bownty
Bownty offers a comprehensive portfolio of products and services, including Deal Aggregation Platform and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Website for browsing daily deals in various categories
App to access and explore deals on the go
Funding Insights of Bownty
Bownty has successfully raised a total of $5.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.86 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.9M
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First Round
First Round
(20 Jun 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - Bownty | Valuation | Howzat Partners , Seed Capital | |
| Apr, 2013 | Amount | Seed - Bownty | Valuation | Accelerace | |
| Jun, 2012 | Amount | Seed - Bownty | Valuation | Seed Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bownty
Bownty has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Accelerace, Howzat Partners and SEED Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early stage venture capital firm investing in UK
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Founded Year | Domain | Location | |
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Venture capital firm backing Nordic tech startups from seed to Series A with investments in Consumer, Deep Tech, and related sectors.
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Founded Year | Domain | Location | |
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Funding and support are provided to early-stage startups by Accelerace.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bownty
Bownty has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Yunait. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Operates a digital platform for discovering deals efficiently.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bownty
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bownty Comparisons
Competitors of Bownty
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Bownty
When was Bownty founded?
Bownty was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Bownty located?
Bownty is headquartered in Ballerup, Denmark.
Is Bownty a funded company?
Bownty is a funded company, having raised a total of $5.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $646.95K, raised on Jun 20, 2012.
How many employees does Bownty have?
As of Nov 30, 2024, the latest employee count at Bownty is 10.
What does Bownty do?
Bownty was established in 2011 in Ballerup, Denmark, as an online aggregator of daily deals. Operations focus on a platform that compiles offers across sectors including food and drinks, events and activities, health and beauty, shopping, and travel. The service connects users with discounted opportunities in these areas, primarily serving the European market through its domain bownty.co.uk. Ownership is held by Mads Kessel.
What products or services does Bownty offer?
Bownty offers Deal Aggregation Platform and Mobile App.
How many acquisitions has Bownty made?
Bownty has made 1 acquisition, including Yunait.
Who are Bownty's investors?
Bownty has 5 investors. Key investors include Accelerace, Howzat Partners, SEED Capital, Pia Vemmelund, and North-East Family Office.
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