About Develop Diverse
Develop Diverse is a company based in Copenhagen (Denmark) founded in 2017 by Jenifer Clausell Tormos.. Develop Diverse has raised $3.3 million across 5 funding rounds from investors including European Union, Katapult and SEED Capital. The company has 15 employees as of November 30, 2024. Develop Diverse offers products and services including Inclusive Writing Editor, Smart Editor, and Public Performance. Develop Diverse operates in a competitive market with competitors including Cangrade, Bryq, Diversely, Equalture and Praice, among others.
- Headquarter Copenhagen, Denmark
- Employees 15 as on 30 Nov, 2024
- Founders Jenifer Clausell Tormos
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Develop Diverse Aps
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Annual Revenue
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Net Profit
$-1.46 M (USD)-613as on Dec 31, 2022
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EBITDA
$-1.44 M (USD)-393as on Dec 31, 2022
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Total Equity Funding
$3.3 M (USD)
in 5 rounds
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Latest Funding Round
$3 M (USD), Seed
Aug 16, 2021
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Investors
European Union
& 4 more
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Employee Count
15
as on Nov 30, 2024
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Products & Services of Develop Diverse
Develop Diverse offers a comprehensive portfolio of products and services, including Inclusive Writing Editor, Smart Editor, and Public Performance. 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.
Tool to detect and replace exclusionary language in job descriptions.
AI platform for improving content by suggesting inclusive alternatives.
System to monitor team job ad performance and diversity metrics.
Unlock access to complete
Funding Insights of Develop Diverse
Develop Diverse has successfully raised a total of $3.3M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in August 2021. 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 5
- Last Round Seed — $3.0M
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First Round
First Round
(25 Mar 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - Develop Diverse | Valuation | Seed Capital | |
| Aug, 2020 | Amount | Seed - Develop Diverse | Valuation |
investors |
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| Apr, 2020 | Amount | Grant - Develop Diverse | Valuation |
investors |
| 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 Develop Diverse
Develop Diverse has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, Katapult 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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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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Investment consulting services are provided to guide client portfolios.
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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 Develop Diverse
| 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 |
Financial Statements - Develop Diverse
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Develop Diverse Comparisons
Competitors of Develop Diverse
Develop Diverse 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 Cangrade, Bryq, Diversely, Equalture and Praice, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Employee success is predicted through web-based candidate assessments.
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| domain | founded_year | HQ Location |
Cloud-based applicant tracking and candidate screening platform is provided.
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| domain | founded_year | HQ Location |
AI-driven workplace monitoring platform is provided by Diversely.
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| domain | founded_year | HQ Location |
Diversity recruitment is enabled by a cloud-based AI assessment platform.
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| domain | founded_year | HQ Location |
Candidates are screened via behavioral profiling metrics to minimize biases.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Develop Diverse
When was Develop Diverse founded?
Develop Diverse was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Develop Diverse located?
Develop Diverse is headquartered in Copenhagen, Denmark.
Who is the current CEO of Develop Diverse?
Jenifer Clausell Tormos is the current CEO of Develop Diverse. They have also founded this company.
Is Develop Diverse a funded company?
Develop Diverse is a funded company, having raised a total of $3.3M across 5 funding rounds to date. The company's 1st funding round was a Grant of $54.29K, raised on Mar 25, 2019.
How many employees does Develop Diverse have?
As of Nov 30, 2024, the latest employee count at Develop Diverse is 15.
What does Develop Diverse do?
Develop Diverse was founded in 2017 in Copenhagen, Denmark, within the AI recruitment sector. An AI-based platform is provided, featuring DD-scan software that identifies and highlights implicit and explicit stereotypic language in texts. Neutral alternatives are suggested in real-time to support inclusive writing practices. This approach is designed to broaden access to diverse talent pools across gender, ethnicity, and age demographics for businesses.
Who are the top competitors of Develop Diverse?
What products or services does Develop Diverse offer?
Develop Diverse offers Inclusive Writing Editor, Smart Editor, and Public Performance.
Who are Develop Diverse's investors?
Develop Diverse has 5 investors. Key investors include European Union, Katapult, SEED Capital, Michael Halbye, and EIC Fund.
What is Develop Diverse's valuation?
The valuation of Develop Diverse is $11.71M as of Aug 2021.
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