About Sovendus
Sovendus is a company based in Karlsruhe (Germany) founded in 2008 by Michael Kofluk and Oliver Stoll was acquired by Paragon Partners in April 2021.. Sovendus has completed 1 acquisition, including RMD Regional Marketing. Sovendus offers products and services including Sovendus Voucher Network, Sovendus Checkout Benefits, Sovendus Optimize, Sovendus Mail, and Sovendus Leads.
- Headquarter Karlsruhe, Germany
- Founders Michael Kofluk, Oliver Stoll
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Bregal Unternehmerkapital
& 1 more
-
Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Sovendus
Sovendus offers a comprehensive portfolio of products and services, including Sovendus Voucher Network, Sovendus Checkout Benefits, Sovendus Optimize, Sovendus Mail, and Sovendus Leads. 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.
Generates sales through vouchers for online shops and attracts customers.
Offers rewards at checkout to boost sales and customer loyalty.
Improves conversion rates by reducing cart abandonment and optimizing user flow.
Reaches targeted online buyers via newsletters to gain new customers.
Acquires newsletter addresses to expand e-commerce marketing databases.
Funding Insights of Sovendus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sovendus
Sovendus has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Bregal Unternehmerkapital and Paragon Partners. 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 |
|---|---|---|---|---|
|
Private equity investments are managed by a family office-backed firm.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sovendus
Sovendus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RMD Regional Marketing. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Advertising services are provided for regional markets in Germany.
|
0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sovendus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sovendus Comparisons
Competitors of Sovendus
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Sovendus
When was Sovendus founded?
Sovendus was founded in 2008.
Where is Sovendus located?
Sovendus is headquartered in Karlsruhe, Germany. It is registered at Karlsruhe, Baden-wurttemberg, Germany.
Who is the current CEO of Sovendus?
Frank Sambeth is the current CEO of Sovendus.
What does Sovendus do?
Sovendus was founded in 2008 and is headquartered in Karlsruhe, Germany. Operations focus on the e-commerce sector, where support services such as couponing, customer retention tools, and marketing solutions are provided to enhance online sales. The company serves clients across Europe through its digital platform, sovendus.com, with leadership directed by co-founders and managing directors including Michael Kofluk, Oliver Stoll, Axel Friedrich, and CEO Frank Sambeth.
What products or services does Sovendus offer?
Sovendus offers Sovendus Voucher Network, Sovendus Checkout Benefits, Sovendus Optimize, Sovendus Mail, and Sovendus Leads.
How many acquisitions has Sovendus made?
Sovendus has made 1 acquisition, including RMD Regional Marketing.
Who are Sovendus's investors?
Sovendus has 2 investors. Key investors include Bregal Unternehmerkapital, and Paragon Partners.