About Dept
Dept is a company based in Amsterdam (Netherlands) founded in 2015 by Alex Miller, Bart Manuel, and Paul Manuel was acquired by The Carlyle Group in December 2019.. Dept has completed 14 acquisitions, including BASIC, Byte Mission Control and Devetry. Dept offers products and services including AI Transformation, Brand and Media, and Commerce. Dept operates in a competitive market with competitors including Townsquare Media, Tinuiti, AKQA, Prophet and Interpublic, among others.
- Headquarter Amsterdam, Netherlands
- Founders Alex Miller, Bart Manuel, Paul Manuel
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Sectors
Business Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$2.44 M (USD)-28as on Dec 31, 2021
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Net Profit
$96.52 K (USD)113as on Dec 31, 2021
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EBITDA
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Latest Funding Round
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Investors
The Carlyle Group
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
BASIC
& 13 more
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Acquired by
The Carlyle Group
(Dec 20, 2019)
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Products & Services of Dept
Dept offers a comprehensive portfolio of products and services, including AI Transformation, Brand and Media, and Commerce. 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.
Services for integrating AI into business operations
Solutions for enhancing brand visibility and media strategies
Platforms to drive online sales and customer engagement
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Leadership Team
129 people
Software Development Team
76 people
Senior Team
37 people
Creative and Marketing Team
28 people
Data Analysis and Operations Team
28 people
Human Resources and Administration
23 people
Finance and Accounting
18 people
Product Management Team
17 people
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Funding Insights of Dept
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Seed - Dept | Valuation | Waterland |
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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 Dept
Dept has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group and Waterland. 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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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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 Dept
Dept has strategically engaged in corporate development activities, having acquired 14 companies. Notable acquisitions include BASIC, Byte Mission Control and Devetry. 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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Software suite solutions are provided for e-commerce businesses.
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2017 | ||||
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Branding, advertising, strategy, and website design services are provided.
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2017 | ||||
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Provider of IT service suite solutions
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Dept
| 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 |
Dept Comparisons
Competitors of Dept
Dept operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Townsquare Media, Tinuiti, AKQA, Prophet and Interpublic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Media Company focused on radio broadcasting, live events, marketing solutions
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| domain | founded_year | HQ Location |
Digital marketing services including paid search and e-commerce are provided.
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| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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| domain | founded_year | HQ Location |
Brand and marketing consulting solutions provider
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| domain | founded_year | HQ Location |
Advertising and marketing services are delivered globally by Interpublic.
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| domain | founded_year | HQ Location |
Digital advertising and content marketing services are provided globally.
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| 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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Latest news on Dept
Frequently Asked Questions about Dept
When was Dept founded?
Dept was founded in 2015.
Where is Dept located?
Dept is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Dept?
Dimi Albers is the current CEO of Dept.
What is the annual revenue of Dept?
Annual revenue of Dept is $2.44M as on Dec 31, 2021.
What does Dept do?
Dept was founded in 2015 and is headquartered in Amsterdam, Netherlands. Operations focus on the digital services sector, where software development, branding, content creation, advertising, and strategy consulting are provided to clients. Additional services encompass design and technology solutions, supporting global business needs. The company is led by co-founders and executives including Alex Miller, Bart Manuel, Paul Manuel, and CEO Dimi Albers.
Who are the top competitors of Dept?
Dept's top competitors include S⁴Capital, Townsquare Media and Tinuiti.
What products or services does Dept offer?
Dept offers AI Transformation, Brand and Media, and Commerce.
How many acquisitions has Dept made?
Dept has made 14 acquisitions, including BASIC, Byte Mission Control, and Devetry.
Who are Dept's investors?
Dept has 2 investors. Key investors include The Carlyle Group, and Waterland.
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